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

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%
Price spread now: Phemex against Vest+0.104%7-day average +0.910% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on VestShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.048%−$5 on $10k
Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.104%, 7d avg +0.910%
Together, before fees−0.021%+ Points / potential airdropVest: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.806% cheaper against Vest than usual: you would sell low and buy high (−$81 if the spread goes back to its 7-day average of +0.910%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest MSTR-USD-PERP162.990.0046pay 0.0006% / 1h10m 06s—$1.8M25x
ShortPhemex MSTRUSDT163.160get 0.0000% / 4h10m 06s$2.7M$84K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$9.59
Price spread: +0.104% → +0.910%
−$80.59
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$104.18
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago5.82 bpdoesn't fitdoesn'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−0.0452%8h163.32+0.202%$29.5M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.23+0.147%$4.7M$19.6M50xas long as short
Phemex MSTRUSDTshort0.0000%4h163.16+0.104%$2.7M$84K10x
Extended MSTR_24_5-USD+0.0032%1h163.06+0.043%$591K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.896%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.11+0.074%$26K$113K10xas long as short
Vest MSTR-USD-PERPlong+0.0046%1h162.99long leg—$1.8M25x
Polymarket Perps MSTR-USD+0.0050%1h163.09+0.061%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.13+0.086%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.85−0.086%$888K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0056%1h163.11+0.074%$3.5M$2.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.13+0.086%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0075%8h163.19+0.125%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.00+0.008%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.11+0.074%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.03+0.025%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.19+0.123%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.20+0.131%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.227%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0139%8h163.07+0.051%$65—5xas long as short
Nado MSTR-PERP+0.0175%1h163.05+0.036%$125K$165K3xas long as short
Variational Omni MSTR+0.0197%8h163.01+0.012%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0200%8h163.16+0.104%$20.8M$99.8M50xas long as short
Binance MSTRUSDT+0.0269%8h163.16+0.104%$83.9M$620.2M50xas long as short
GRVT MSTR_USDT_Perp+0.0270%8h163.12+0.082%$82K$859K10xas long as short
edgeX MSTRUSDC+0.0324%4h162.80−0.119%$46K$5.4M10xas long as short
Phoenix MSTR+0.0357%1h163.17+0.110%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0390%8h162.97−0.012%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0406%8h163.17+0.110%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0440%1h163.09+0.061%$53.9M$37.7M10xas long as short
RISEx MSTR/USDC+0.0493%1h163.20+0.129%$268K$419K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0670%1h163.21+0.135%$278K$437K10xas long as short