Funding you earn now, next payment 08:00 UTC+0.0394%/8h= +43.1% APRpaid last 24h +0.137%
Price spread now: edgeX against Aster−0.371%90s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as 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−$380.378% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days+0.443%+$44 · spread now −0.371%, 7d avg +0.004%
=Together, before fees+0.524%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$52 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.375% cheaper against Aster than usual: you would sell low and buy high (spread −0.371% now, against its 7-day average of +0.004%). If the spread goes back, that is −$38 on $10k: about 3.2 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.081% in total) that is about 33 days. The two prices were read 90 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 7 days it paid 0.081% in total (about 4.2% 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 | 162.37 | 0 | get 0.0000% / 8h | 2h 22m | $1.7M | $8.7M | 50x |
| Short | edgeX MSTRUSDC | 161.77 | 0.0394 | get 0.0197% / 4h | 2h 22m | $44K | $5.4M | 10x |
Aster MSTRUSDT
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $82.65
- Price spread: −0.371% → +0.004%
- −$37.51
- Slippage, 4 orders
- −$20.82
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $7.31
- Costs to cover
- 0.378%
- Break-even
- 6.4 days
Slippage from Aster: live order book, 2 min ago; edgeX: 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 | 1.55 bp | 8.2 bp −$8 | 127.4 bp −$1,274 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 5.56 bp | 10.6 bp −$11 | 17.8 bp −$178 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.1299% | 8h | 162.55 | +0.109% | $26.9M | $118.0M | 25x | as long as short |
| Aster MSTRUSDTlong | 0.0000% | 8h | 162.37 | long leg | $1.7M | $8.7M | 50x | |
| Gate MSTR_USDT | 0.0000% | 8h | 162.35 | −0.014% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 162.30 | −0.045% | $2.7M | $77K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0025% | 1h | 161.67 | −0.433% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.14 | −0.143% | $500K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.291% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.02 | −0.217% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.12 | −0.156% | $374K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.08 | −0.180% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow 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 | 161.69 | −0.420% | $863K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 162.10 | −0.168% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 162.10 | −0.167% | $263K | $443K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0100% | 8h | 162.37 | −0.002% | $20.6M | $100.1M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.06 | −0.190% | $99K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.01 | −0.223% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 161.54 | −0.513% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.12 | −0.156% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.14 | −0.142% | $135 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0121% | 8h | 161.70 | −0.412% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0144% | 1h | 162.23 | −0.088% | $3.4M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0148% | 8h | 162.03 | −0.208% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −0.525% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0202% | 8h | 162.36 | −0.008% | $83.2M | $627.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0208% | 8h | 161.95 | −0.260% | $78K | $850K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0320% | 8h | 161.95 | −0.260% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0325% | 1h | 162.30 | −0.045% | $53.9M | $37.2M | 10x | as long as short |
| Nado MSTR-PERP | +0.0360% | 1h | 162.04 | −0.203% | $129K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 161.97 | −0.249% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0375% | 8h | 162.41 | +0.023% | $16.7M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDCshort | +0.0394% | 4h | 161.77 | −0.371% | $44K | $5.4M | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0737% | 1h | 162.27 | −0.063% | $276K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL