Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.030%
Price spread now: QFEX against Aster−0.040%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 4 days (all we have)−0.027%−$3 on $10k
+Price spread, last 7 days+0.125%+$12 · spread now −0.040%, 7d avg −0.029%
=Together, before fees+0.098%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 163.69 | 0 | get 0.0000% / 8h | 3h 07m | $1.8M | $8.6M | 50x |
| Short | QFEX MSTR-USD | 163.62 | 0.0067 | get 0.0008% / 1h | 7m 50s | $1.4M | $7.3M | 10x |
Aster MSTRUSDT
QFEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $13.98
- Price spread: −0.040% → −0.029%
- −$1.14
- Slippage, 4 orders
- −$8.31
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$13.47
- Costs to cover
- 0.263%
- Break-even
- 13.7 days
Slippage from Aster: live order book, 6 min ago; QFEX: live order book, 6 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, 6 min ago | 0.92 bp | 8.0 bp −$8 | 126.8 bp −$1,268 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.53 bp | 6.5 bp −$7 | 8.0 bp −$80 | 15.6 bp −$1,560 | 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 | −0.0971% | 8h | 163.91 | +0.137% | $27.1M | $116.6M | 25x | as long as short |
| Aster MSTRUSDTlong | 0.0000% | 8h | 163.69 | long leg | $1.8M | $8.6M | 50x | |
| Gate MSTR_USDT | 0.0000% | 8h | 163.81 | +0.076% | $4.6M | $19.3M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.78 | +0.058% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.74 | +0.033% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.57 | −0.071% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.454% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.82 | +0.082% | $26K | $110K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0041% | 8h | 163.76 | +0.045% | $20.7M | $98.9M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.39 | −0.181% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
OKX MSTR-USDT-SWAP
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.58 | −0.065% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.63 | −0.034% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.47 | −0.132% | $817K | $4.0M | 10x | as long as short |
| QFEX MSTR-USDshort | +0.0067% | 1h | 163.62 | −0.040% | $1.4M | $7.3M | 10x | |
| Paradex MSTR-USD-PERP | +0.0069% | 8h | 163.62 | −0.043% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0091% | 8h | 163.69 | +0.005% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.58 | −0.065% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.62 | −0.040% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.77 | +0.051% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.61 | −0.046% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.61 | −0.045% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0151% | 8h | 163.84 | +0.095% | $83K | $837K | 10x | as long as short |
| Binance MSTRUSDT | +0.0154% | 8h | 163.76 | +0.047% | $86.0M | $619.0M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.071% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0190% | 4h | 163.81 | +0.073% | $48K | $5.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.64 | −0.029% | $265K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0240% | 1h | 163.53 | −0.094% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0255% | 1h | 163.75 | +0.039% | $54.5M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0274% | 8h | 163.62 | −0.040% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0312% | 8h | 163.79 | +0.064% | $16.6M | $41.2M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.78 | +0.058% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0667% | 1h | 163.66 | −0.016% | $278K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL