Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.49 per $10,000 · paid last 24h −0.032%
Price spread now: GRVT against Aster0.000%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.195%+$19 · spread now 0.000%, 7d avg +0.040%
=Together, before fees+0.185%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.040%). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 168.99 | 0 | get 0.0000% / 8h | 27m 30s | $1.2M | $6.1M | 50x |
| Short | GRVT MSTR_USDT_Perp | 168.99 | 0.0049 | get 0.0049% / 8h | 27m 30s | $77K | $879K | 10x |
Aster MSTRUSDT
GRVT MSTR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $10.29
- Price spread: 0.000% → +0.040%
- −$4.04
- Slippage, 4 orders
- −$13.51
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$24.26
- Costs to cover
- 0.305%
- Break-even
- 23.5 days
Slippage from Aster: live order book, 1 min ago; GRVT: live order book, 50 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 | 1.77 bp | 6.3 bp −$6 | 117.3 bp −$1,173 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 50 min ago | 1.48 bp | 6.7 bp −$7 | 11.5 bp −$115 | 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 | −0.0008% | 1h | 168.94 | −0.029% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDTlong | 0.0000% | 8h | 168.99 | long leg | $1.2M | $6.1M | 50x | |
| Gate MSTR_USDT | 0.0000% | 8h | 168.96 | −0.018% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.00 | +0.003% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.07 | +0.047% | $2.9M | $65K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0001% | 1h | 169.00 | +0.006% | $275K | $441K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0015% | 8h | 169.00 | +0.006% | $22.0M | $106.1M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 168.92 | −0.042% | $3.6M | $2.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.90 | −0.054% | $583K | $1.8M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.09 | +0.059% | — | $2.1M | 25x | as long as short |
Nado MSTR-PERP
Gate MSTR_USDT
Variational Omni MSTR
Phemex MSTRUSDT
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSTR_USDT_Perpshort | +0.0049% | 8h | 168.99 | 0.000% | $77K | $879K | 10x | |
| QFEX MSTR-USD | +0.0049% | 1h | 168.95 | −0.024% | $1.5M | $10.2M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0050% | 8h | 168.98 | −0.006% | $28.7M | $119.9M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.98 | −0.006% | $395K | $2.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.02 | +0.017% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 168.80 | −0.113% | $779K | $5.2M | 10x | as long as short |
| Binance MSTRUSDT | +0.0062% | 8h | 168.99 | +0.002% | $88.9M | $628.4M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0085% | 8h | 168.99 | 0.000% | $1.1M | $1.9M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0091% | 8h | 168.97 | −0.012% | $15.1M | $40.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0096% | 1h | 168.75 | −0.142% | $1.4M | $1.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 168.95 | −0.026% | $104K | $87K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 168.95 | −0.024% | $2.5M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 168.94 | −0.030% | $4K | $354K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.01 | +0.012% | $3K | $11K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0104% | 1h | 169.21 | +0.130% | $13K | $21K | 30x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.02 | +0.018% | $140 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0122% | 8h | 168.96 | −0.017% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0187% | 1h | 168.96 | −0.018% | $57.0M | $37.2M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0223% | 1h | 169.03 | +0.023% | $287K | $438K | 10x | as long as short |
| Phoenix MSTR | +0.0260% | 1h | 169.11 | +0.068% | $57K | $392K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0539% | 4h | 168.98 | −0.004% | $47K | $5.4M | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 169.08 | +0.053% | $27K | $129K | 10x | as long as short |
QFEX MSTR-USD
Bitget MSTRUSDT
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Binance MSTRUSDT
BloFin MSTR-USDT
Bybit MSTRUSDT
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Injective MSTR/USDC PERP
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
edgeX MSTRUSDC
Arcus MSTR-USD