Funding you earn now, next payment 23:00 UTC+0.0991%/8h= +108.5% APRpaid last 24h +0.167%
Price spread now: Deribit against Aster+0.142%7-day average +0.046% · 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−$28as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 5 days (all we have)+0.561%+$56 on $10k
+Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.142%, 7d avg +0.046%
=Together, before fees+0.409%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Deribit is 0.096% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 169.18 | 0 | get 0.0000% / 8h | 1h 22m | $1.2M | $6.2M | 50x |
| Short | Deribit MSTR_USDC-PERPETUAL | 169.42 | 0.0991 | get 0.0124% / 1h | 22m 32s | $288K | $439K | 10x |
Aster MSTRUSDT
Deribit MSTR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $208.12
- Price spread: +0.142% → +0.046%
- $9.63
- Slippage, 4 orders
- −$22.75
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $180
- Costs to cover
- 0.378%
- Break-even
- 0.9 days
Slippage from Aster: live order book, 1 min ago; Deribit: live order book, 61 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, 1 min ago | 1.18 bp | 9.4 bp −$9 | 65.9 bp −$659 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 61 min ago | 4.71 bp | 12.9 bp −$13 | 14.3 bp −$143 | 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 | −0.0095% | 1h | 169.24 | +0.034% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0001% | 8h | 169.45 | +0.160% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDTlong | 0.0000% | 8h | 169.18 | long leg | $1.2M | $6.2M | 50x | |
| Binance MSTRUSDT | 0.0000% | 8h | 169.40 | +0.131% | $89.4M | $630.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.41 | +0.136% | $22.1M | $107.0M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.40 | +0.131% | $276K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.32 | +0.083% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 168.72 | −0.270% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.29 | +0.066% | $83K | $935K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.35 | +0.100% | $2.9M | $62K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.28 | +0.059% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.16 | −0.012% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0032% | 8h | 169.40 | +0.130% | $28.9M | $119.5M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.36 | +0.106% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.38 | +0.118% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.32 | +0.083% | $413K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.35 | +0.100% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.16 | −0.012% | $744K | $5.2M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.66 | −0.307% | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0061% | 8h | 169.42 | +0.142% | $15.2M | $40.9M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0079% | 8h | 169.29 | +0.065% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0086% | 1h | 169.32 | +0.083% | $57.1M | $37.7M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0099% | 4h | 169.17 | −0.007% | $47K | $5.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.33 | +0.091% | $104K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.13 | −0.030% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.06 | −0.071% | $4K | $552K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.28 | +0.059% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.26 | +0.049% | $140 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 168.76 | −0.247% | $56K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.29 | +0.065% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.41 | +0.136% | $27K | $129K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | +0.0991% | 1h | 169.42 | +0.142% | $288K | $439K | 10x |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
edgeX MSTRUSDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD