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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.060%
Price spread now: RISEx against Aster−0.044%7-day average +0.041% · 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−$30as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Long on AsterShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.308%+$31 on $10k
Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.044%, 7d avg +0.041%
Together, before fees+0.561%+ Points / potential airdropAster: Stage 5 · farm board+$56 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.085% cheaper against Aster than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.041%). If the spread goes back, that is −$8 on $10k: about 24 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MSTRUSDT163.600.0117pay 0.0117% / 8h7h 48m$1.8M$8.7M50x
ShortRISEx MSTR/USDC163.530.0400get 0.0050% / 1h48m 25s$269K$417K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$59.58
Price spread: −0.044% → +0.041%
−$8.49
Slippage, 4 orders
−$7.04
Fee Aster: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$30.05
Costs to cover
0.210%
Break-even
3.5 days
Slippage from Aster: live order book, 5 min ago; RISEx: live order book, 50 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago1.53 bp7.9 bp −$8122.6 bp −$1,226doesn't fitdoesn't fit
Sell RISEx live order book, 50 min ago0.61 bp3.6 bp −$44.4 bp −$44doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0238%8h163.66+0.034%$30.1M$118.5M25xas long as short
Phemex MSTRUSDT0.0000%4h163.58−0.015%$2.8M$85K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.31−0.179%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.506%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.64+0.022%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.47−0.082%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.35−0.155%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.53−0.045%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77+0.101%$892K$3.7M10xas long as short
QFEX MSTR-USD+0.0061%1h163.48−0.076%$1.3M$7.1M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0072%1h163.47−0.082%$3.5M$1.7M10xas long as short
Gate MSTR_USDT+0.0084%8h163.67+0.040%$4.7M$18.4M50xas long as short
Pacifica MSTR+0.0100%1h163.48−0.078%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.52−0.051%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.46−0.088%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.64+0.022%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.57−0.022%$136—10xas long as short
Aster MSTRUSDTlong+0.0117%8h163.60long leg$1.8M$8.7M50x
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.602%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0151%1h163.31−0.179%$125K$165K3xas long as short
Paradex MSTR-USD-PERP+0.0153%8h163.52−0.053%$65—5xas long as short
Variational Omni MSTR+0.0218%8h163.95+0.210%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0224%8h163.62+0.010%$20.9M$99.4M50xas long as short
Binance MSTRUSDT+0.0310%8h163.61+0.001%$84.3M$619.0M50xas long as short
RISEx MSTR/USDCshort+0.0400%1h163.53−0.044%$269K$417K10x
tradeXYZ xyz:MSTR+0.0408%1h163.59−0.009%$53.9M$37.5M10xas long as short
BloFin MSTR-USDT+0.0426%8h163.60−0.003%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.66+0.037%$56K$223K10xas long as short
Bybit MSTRUSDT+0.0618%8h163.59−0.009%$17.2M$41.3M50xas long as short
edgeX MSTRUSDC+0.0834%4h163.62+0.009%$47K$5.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0900%8h163.72+0.072%$80K$838K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1097%1h163.50−0.064%$278K$432K10xas long as short