Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: Aster against Binance−0.095%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 2 days (all we have)+0.105%+$11 · spread now −0.095%, 7d avg −0.042%

Together, before fees+0.026%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.053% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	169.35	0	get 0.0000% / 8h	2h 37m	$88.6M	$629.2M	50x
Short	Aster MSTRUSDT	169.19	0	get 0.0000% / 8h	2h 37m	$1.3M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.042%: −$5.3
Slippage, 4 orders: −$13.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.35
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Aster: live order book, 1 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 Binance live order book, 6 min ago	0.30 bp	6.9 bp −$7	10.9 bp −$109	29.9 bp −$2,987	118.5 bp −$59.3K
Sell Aster live order book, 1 min ago	1.18 bp	7.4 bp −$7	327.9 bp −$3,279	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	−0.0150%	1h	168.98	−0.219%	$139K	$101K	3x	as long as short
Aster MSTRUSDTshort	0.0000%	8h	169.19	−0.095%	$1.3M	$6.2M	50x
Binance MSTRUSDTlong	0.0000%	8h	169.35	long leg	$88.6M	$629.2M	50x
OKX MSTR-USDT-SWAP	0.0000%	8h	169.37	+0.010%	$22.1M	$107.4M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.36	+0.004%	$299K	$435K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.27	−0.049%	$4.8M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.21	−0.087%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.17	−0.109%	$83K	$960K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.19	−0.096%	$2.9M	$56K	10x	as long as short
BloFin MSTR-USDT	+0.0007%	8h	169.11	−0.143%	$1.1M	$1.8M	20x	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	169.21	−0.084%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.16	−0.111%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.01	−0.203%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.26	−0.055%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.143%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	169.17	−0.108%	$56.8M	$38.0M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.06	−0.173%	$425K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.13	−0.132%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.10	−0.149%	$737K	$5.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0068%	8h	169.26	−0.055%	$68	—	5x	as long as short
Bitget MSTRUSDT	+0.0075%	8h	169.36	+0.004%	$28.9M	$119.6M	25x	as long as short
Bybit MSTRUSDT	+0.0094%	8h	169.28	−0.043%	$15.2M	$41.4M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.32	−0.021%	$103K	$137K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.09	−0.155%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.26	−0.055%	$4K	$1.0M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.16	−0.114%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.18	−0.102%	$140	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.19	−0.098%	$57K	$396K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0341%	1h	169.20	−0.090%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.34	−0.008%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.90	+0.323%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0652%	4h	169.19	−0.096%	$49K	$5.4M	10x	as long as short