MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.005%

Price spread now: Orderly against Aster+0.059%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.059% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

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	Orderly PERP_MSTR_USDC_mythos	169.28	0.0100	get 0.0100% / 8h	1h 22m	$3K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.059%Rate

Funding earned: $21
Price spread: +0.059% → 0.000%: $5.91
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $12.91
Costs to cover: 0.140%
Break-even: 2.7 days

Slippage unknown: Aster: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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

Show 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_mythosshort	+0.0100%	8h	169.28	+0.059%	$3K	$12K	10x
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-PERPETUAL	+0.0991%	1h	169.42	+0.142%	$288K	$439K	10x	as long as short