Settings8H · net · $10k
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.016%
Price spread now: ApeX Omni against Vest+0.240%7-day average +0.843% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.083%+$8 on $10k
Price spread, last 4 days (all we have)−0.402%−$40 · spread now +0.240%, 7d avg +0.843%
Together, before fees−0.320%+ Points / potential airdropVest: Active · farm board−$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.603% cheaper against Vest than usual: you would sell low and buy high (spread +0.240% now, against its 7-day average of +0.843%). If the spread goes back, that is −$60 on $10k: about 37 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest MSTR-USD-PERP162.260.0046pay 0.0006% / 1h39m 33s$1.8M25x
ShortApeX Omni MSTRUSDT162.650.0100get 0.0013% / 1h39m 33s$5K$182K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Vest. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$11.41
Price spread: +0.240% → +0.843%
−$60.26
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$60.85
Costs to cover
0.120%
Break-even
44.3 days
Slippage unknown: Vest: no order-book sample; ApeX Omni: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell ApeX Omni live order book, 14 min ago3.07 bp39.9 bp −$40doesn't fitdoesn't fitdoesn't fit
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0914%8h162.78+0.320%$28.6M$119.0M25xas long as short
Gate MSTR_USDT0.0000%8h162.63+0.228%$4.7M$19.6M50xas long as short
Phemex MSTRUSDT0.0000%4h163.26+0.616%$2.7M$78K10xas long as short
Aster MSTRUSDT+0.0025%8h162.52+0.160%$1.7M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.38+0.077%$506K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+4.363%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h162.86+0.370%$26K$113K10xas long as short
Vest MSTR-USD-PERPlong+0.0046%1h162.26long leg$1.8M25x
Polymarket Perps MSTR-USD+0.0050%1h162.49+0.142%$376K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h162.64+0.234%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.54+0.173%$854K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h162.54+0.173%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h162.55+0.179%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h162.51+0.154%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTshort+0.0100%1h162.65+0.240%$5K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h162.66+0.247%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h162.65+0.237%$13510xas long as short
Lighter MSTR+0.0120%1h162.51+0.154%$3.5M$2.0M10xas long as short
OKX MSTR-USDT-SWAP+0.0134%8h162.60+0.210%$20.7M$100.1M50xas long as short
Variational Omni MSTR+0.0144%8h162.76+0.306%$1.2M$2.1Mas long as short
Paradex MSTR-USD-PERP+0.0148%8h162.51+0.153%$655xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−0.456%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0224%8h162.51+0.156%$83.5M$628.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0235%8h162.80+0.335%$78K$867K10xas long as short
tradeXYZ xyz:MSTR+0.0241%1h162.49+0.142%$53.9M$37.3M10xas long as short
Phoenix MSTR+0.0328%1h162.77+0.315%$55K$223K10xas long as short
Nado MSTR-PERP+0.0333%1h162.42+0.098%$130K$157K3xas long as short
BloFin MSTR-USDT+0.0344%8h162.75+0.302%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0379%8h162.59+0.203%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h162.60+0.208%$261K$436K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0673%1h162.67+0.253%$277K$437K10xas long as short
edgeX MSTRUSDC+0.0728%4h162.81+0.341%$46K$5.4M10xas long as short