Funding you earn now, next payment 08:00 UTC−0.0295%/8h= −32.3% APRnext payment −$2.95 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against Aster−0.031%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1451.455% of the position
Funding, last 7 days+0.281%+$28 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.031%, 7d avg +0.026%
=Together, before fees+0.344%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.057% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.281%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 165.19 | 0 | get 0.0000% / 8h | 6h 54m | $1.2M | $6.1M | 50x |
| Short | Gate MSTR_USDT | 165.14 | −0.0295 | pay 0.0295% / 8h | 6h 54m | $4.6M | $18.6M | 50x |
Aster MSTRUSDT
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$61.95
- Price spread: −0.031% → +0.026%
- −$5.7
- Slippage, 4 orders
- −$122.48
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$213.13
- Costs to cover
- 1.455%
- Break-even
- never at this rate
Slippage from Aster: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 9.04 bp | 26.7 bp −$27 | 445.6 bp −$4,456 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.02 bp | 25.6 bp −$26 | 38.6 bp −$386 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDTshort | −0.0295% | 8h | 165.14 | −0.031% | $4.6M | $18.6M | 50x | |
| Bitget MSTRUSDT | −0.0162% | 8h | 165.45 | +0.156% | $27.1M | $114.8M | 25x | as long as short |
| Aster MSTRUSDTlong | 0.0000% | 8h | 165.19 | long leg | $1.2M | $6.1M | 50x | |
| Binance MSTRUSDT | 0.0000% | 8h | 165.14 | −0.031% | $87.0M | $621.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 165.17 | −0.013% | $21.1M | $100.3M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 165.13 | −0.034% | $270K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 165.19 | −0.001% | $1.2M | $2.0M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 165.32 | +0.080% | $83K | $802K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.93 | +0.447% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0016% | 8h | 165.16 | −0.019% | $1.0M | $1.9M | 20x | as long as short |
Bitget MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.04 | −0.092% | $568K | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.52 | +0.199% | $27K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.83 | −0.219% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.99 | −0.122% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.90 | −0.177% | $773K | $4.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.98 | −0.128% | $1.4M | $8.5M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0073% | 1h | 164.95 | −0.146% | $387K | $2.6M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 165.17 | −0.012% | $102K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 165.13 | −0.037% | $2.5M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.27 | +0.047% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.18 | −0.007% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.15 | −0.027% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0120% | 8h | 165.06 | −0.081% | $66 | — | 5x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 165.01 | −0.110% | $3.5M | $1.9M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 165.11 | −0.049% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0259% | 1h | 165.41 | +0.132% | $55K | $219K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0284% | 1h | 165.05 | −0.086% | $55.6M | $35.9M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0336% | 4h | 165.53 | +0.206% | $42K | $5.4M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.511% | $8K | $26K | 30x | as long as short |
| Bybit MSTRUSDT | +0.0348% | 8h | 165.16 | −0.019% | $17.2M | $40.9M | 50x | as long as short |
| Nado MSTR-PERP | +0.0361% | 1h | 164.89 | −0.184% | $134K | $129K | 3x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1629% | 1h | 165.33 | +0.084% | $281K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Polymarket Perps MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Lighter MSTR
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
tradeXYZ xyz:MSTR
edgeX MSTRUSDC
Injective MSTR/USDC PERP
Bybit MSTRUSDT
Nado MSTR-PERP
Deribit MSTR_USDC-PERPETUAL