Funding you earn now, next payment 22:00 UTC+0.0432%/8h= +47.3% APRpaid last 24h +0.041%
Price spread now: Arcus against Aster+0.028%46s7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.396% of the position
Funding, last 3 days (all we have)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.028%, 7d avg +0.022%
=Together, before fees+0.069%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.071% in total (about 7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 169.35 | 0 | get 0.0000% / 8h | 2h 35m | $1.3M | $6.2M | 50x |
| Short | Arcus MSTR-USD | 169.40 | 0.0432 | get 0.0054% / 1h | 35m 49s | $27K | $134K | 10x |
Aster MSTRUSDT
Arcus MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $90.75
- Price spread: +0.028% → +0.022%
- $0.64
- Slippage, 4 orders
- −$27.14
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $51.76
- Costs to cover
- 0.396%
- Break-even
- 3.0 days
Slippage from Aster: live order book, 3 min ago; Arcus: live order book, 52 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aster live order book, 3 min ago | 1.18 bp | 10.0 bp −$10 | 123.3 bp −$1,233 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 52 min ago | 5.30 bp | 10.1 bp −$10 | 30.4 bp −$304 | doesn't fit | doesn't fit |
MSTR on 32 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0145% | 1h | 169.34 | −0.006% | $139K | $101K | 3x | as long as short |
| Aster MSTRUSDTlong | 0.0000% | 8h | 169.35 | long leg | $1.3M | $6.2M | 50x | |
| Binance MSTRUSDT | 0.0000% | 8h | 169.36 | +0.005% | $88.7M | $629.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.38 | +0.017% | $22.1M | $107.5M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.37 | +0.010% | $299K | $435K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.29 | −0.037% | $4.8M | $19.6M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.21 | −0.086% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.17 | −0.109% | $83K | $960K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | 0.0000% | 1h | 169.38 | +0.017% | $288K | $438K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.39 | +0.023% | $2.9M | $56K | 10x | as long as short |
Nado MSTR-PERP
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDT | +0.0019% | 8h | 169.36 | +0.005% | $1.1M | $1.8M | 20x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 169.31 | −0.025% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.29 | −0.036% | $588K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0039% | 1h | 169.28 | −0.042% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.43 | +0.046% | — | $2.1M | 25x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0048% | 1h | 169.11 | −0.143% | $1.5M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0050% | 1h | 169.36 | +0.005% | $56.9M | $38.0M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.32 | −0.019% | $416K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.27 | −0.048% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.10 | −0.149% | $738K | $5.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0067% | 8h | 169.38 | +0.017% | $68 | — | 5x | as long as short |
| Bitget MSTRUSDT | +0.0074% | 8h | 169.37 | +0.011% | $28.9M | $119.6M | 25x | as long as short |
| Bybit MSTRUSDT | +0.0088% | 8h | 169.45 | +0.058% | $15.2M | $41.4M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.37 | +0.008% | $103K | $137K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.24 | −0.066% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.26 | −0.054% | $4K | $1.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.34 | −0.007% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.35 | +0.002% | $141 | — | 10x | as long as short |
| Phoenix MSTR | +0.0184% | 1h | 169.22 | −0.078% | $57K | $396K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0192% | 4h | 169.19 | −0.095% | $49K | $5.4M | 10x | as long as short |
| Arcus MSTR-USDshort | +0.0432% | 1h | 169.40 | +0.028% | $27K | $134K | 10x | |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 169.10 | −0.149% | $13K | $22K | 30x | as long as short |
BloFin MSTR-USDT
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Vest MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
Bitget MSTRUSDT
Bybit MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
edgeX MSTRUSDC
Injective MSTR/USDC PERP