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

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0275%/8h= +30.1% APRnext payment +$2.75 per $10,000 · paid last 24h +0.035%
Price spread now: BloFin against Aster+0.064%102s7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.286% of the position
Long on AsterShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.306%+$31 on $10k
Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.064%, 7d avg +0.031%
Together, before fees+0.156%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.033% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.031%. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MSTRUSDT163.680get 0.0000% / 8h3h 09m$1.8M$8.6M50x
ShortBloFin MSTR-USDT163.780.0275get 0.0275% / 8h3h 09m$1.0M$2.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$57.68
Price spread: +0.064% → +0.031%
$3.34
Slippage, 4 orders
−$8.65
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$32.37
Costs to cover
0.286%
Break-even
3.1 days
Slippage from Aster: live order book, 4 min ago; BloFin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago0.92 bp8.0 bp −$8126.8 bp −$1,268doesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago0.61 bp7.6 bp −$89.7 bp −$9719.1 bp −$1,90840.1 bp −$20.0K

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−0.0965%8h163.89+0.131%$27.1M$116.6M25xas long as short
Aster MSTRUSDTlong0.0000%8h163.68long leg$1.8M$8.6M50x
Gate MSTR_USDT0.0000%8h163.78+0.064%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.81+0.082%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.72+0.027%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.57−0.064%$588K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.461%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.86+0.113%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0041%8h163.71+0.021%$20.7M$98.9M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.46−0.132%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.64−0.022%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.66−0.009%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.45−0.138%$817K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.68+0.003%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0069%8h163.71+0.023%$65—5xas long as short
Variational Omni MSTR+0.0091%8h163.69+0.012%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.70+0.014%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.66−0.009%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.77+0.058%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.60−0.046%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.62−0.034%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0151%8h163.84+0.102%$83K$837K10xas long as short
Binance MSTRUSDT+0.0154%8h163.70+0.015%$85.9M$618.9M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.84+0.101%$1.4M$1.1M10xas long as short
edgeX MSTRUSDC+0.0190%4h163.81+0.079%$48K$5.3M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.72+0.027%$265K$445K10xas long as short
Nado MSTR-PERP+0.0240%1h163.61−0.038%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0253%1h163.70+0.015%$54.5M$37.0M10xas long as short
BloFin MSTR-USDTshort+0.0275%8h163.78+0.064%$1.0M$2.1M20x
Bybit MSTRUSDT+0.0312%8h163.73+0.033%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.98+0.187%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0545%1h163.69+0.009%$278K$438K10xas long as short