MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0199%/8h= +21.8% APRnext payment +$1.99 per $10,000 · paid last 24h +0.014%

Price spread now: Binance against Aster−0.046%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days+0.127%+$13 · spread now −0.046%, 7d avg +0.043%

Together, before fees+0.215%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.089% cheaper against Aster than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.043%). If the spread goes back, that is −$9 on $10k: about 36 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.088% in total) that is about 7.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.99 per $10,000. 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	162.87	0.0024	pay 0.0024% / 8h	1h 42m	$1.8M	$8.7M	50x
Short	Binance MSTRUSDT	162.79	0.0224	get 0.0224% / 8h	1h 42m	$83.6M	$628.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee BinancebpOrdersPrice spread, now −0.046%Rate

Funding earned: $41.88
Price spread: −0.046% → +0.043%: −$8.95
Slippage, 4 orders: −$9.44
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $5.49
Costs to cover: 0.274%
Break-even: 6.1 days

Slippage from Aster: live order book, 6 min ago; Binance: live order book, 16 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, 6 min ago	1.53 bp	8.4 bp −$8	115.7 bp −$1,157	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.31 bp	6.1 bp −$6	9.9 bp −$99	33.6 bp −$3,359	135.4 bp −$67.7K

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
Bitget MSTRUSDT	−0.0895%	8h	163.12	+0.157%	$28.6M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.92	+0.034%	$4.7M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.38	+0.316%	$2.8M	$78K	10x	as long as short
Aster MSTRUSDTlong	+0.0024%	8h	162.87	long leg	$1.8M	$8.7M	50x
Extended MSTR_24_5-USD	+0.0032%	1h	162.72	−0.086%	$501K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.976%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.07	+0.126%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.63	−0.144%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.91	+0.028%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.85	−0.009%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.77	−0.058%	$841K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.88	+0.009%	$1.3M	$7.3M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.91	+0.026%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.87	+0.003%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.84	−0.015%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.91	+0.028%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.95	+0.055%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0133%	8h	162.80	−0.040%	$20.7M	$100.3M	50x	as long as short
Lighter MSTR	+0.0136%	1h	162.91	+0.028%	$3.5M	$2.0M	10x	as long as short
Variational Omni MSTR	+0.0147%	8h	162.88	+0.007%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0149%	8h	162.84	−0.016%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.826%	$1.4M	$1.1M	10x	as long as short
edgeX MSTRUSDC	+0.0172%	4h	162.89	+0.017%	$46K	$5.4M	10x	as long as short
Binance MSTRUSDTshort	+0.0224%	8h	162.79	−0.046%	$83.6M	$628.5M	50x
GRVT MSTR_USDT_Perp	+0.0232%	8h	163.04	+0.107%	$79K	$876K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0233%	1h	162.84	−0.015%	$54.0M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.99	+0.074%	$55K	$223K	10x	as long as short
Nado MSTR-PERP	+0.0332%	1h	162.75	−0.073%	$130K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0344%	8h	162.97	+0.064%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0379%	8h	162.85	−0.009%	$16.8M	$41.8M	50x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.98	+0.069%	$262K	$437K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0979%	1h	162.97	+0.064%	$277K	$437K	10x	as long as short