MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0350%/8h= +38.3% APRnext payment +$3.50 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against Aster+0.034%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.365% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.034%, 7d avg +0.018%

Together, before fees+0.167%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.50 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	163.14	0	get 0.0000% / 8h	2h 41m	$1.8M	$8.6M	50x
Short	Bybit MSTRUSDT	163.20	0.0350	get 0.0350% / 8h	2h 41m	$16.7M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $73.55
Price spread: +0.034% → +0.018%: $1.59
Slippage, 4 orders: −$17.52
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $38.62
Costs to cover: 0.365%
Break-even: 3.3 days

Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	1.53 bp	7.9 bp −$8	95.5 bp −$955	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.92 bp	11.5 bp −$12	16.6 bp −$166	124.0 bp −$12.4K	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
Bitget MSTRUSDT	−0.0987%	8h	163.31	+0.102%	$27.0M	$117.3M	25x	as long as short
Aster MSTRUSDTlong	0.0000%	8h	163.14	long leg	$1.8M	$8.6M	50x
Gate MSTR_USDT	0.0000%	8h	163.24	+0.059%	$4.6M	$19.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.59	+0.273%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.93	−0.134%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.798%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.45	+0.188%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.83	−0.192%	—	$1.7M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.16	+0.010%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.92	−0.137%	$833K	$3.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0052%	1h	163.10	−0.027%	$377K	$2.7M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	163.11	−0.021%	$1.4M	$7.2M	10x	as long as short
edgeX MSTRUSDC	+0.0054%	4h	163.77	+0.384%	$49K	$5.4M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0080%	8h	163.16	+0.010%	$20.7M	$99.6M	50x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.12	−0.012%	$265K	$446K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.16	+0.008%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.05	−0.058%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.38	+0.145%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.16	+0.010%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.18	+0.025%	$135	—	10x	as long as short
Variational Omni MSTR	+0.0108%	8h	163.54	+0.241%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0128%	8h	163.05	−0.056%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.03	−0.070%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0178%	8h	163.59	+0.275%	$79K	$838K	10x	as long as short
Binance MSTRUSDT	+0.0181%	8h	163.09	−0.032%	$85.4M	$620.2M	50x	as long as short
Lighter MSTR	+0.0208%	1h	163.12	−0.015%	$3.5M	$1.9M	10x	as long as short
BloFin MSTR-USDT	+0.0298%	8h	163.15	+0.004%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDTshort	+0.0350%	8h	163.20	+0.034%	$16.7M	$41.2M	50x
tradeXYZ xyz:MSTR	+0.0351%	1h	163.14	−0.002%	$54.3M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0358%	1h	163.09	−0.033%	$120K	$148K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	163.80	+0.402%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0731%	1h	163.19	+0.028%	$278K	$438K	10x	as long as short