MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0323%/8h= −35.4% APRnext payment −$3.23 per $10,000 · paid last 24h −0.035%

Price spread now: Aster against BloFin+0.084%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on BloFin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.306%−$31 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.084%, 7d avg −0.030%

Together, before fees−0.337%+ Points / potential airdropAster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.114% dearer against BloFin than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.030%): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.306% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	162.68	0.0326	pay 0.0326% / 8h	2h 18m	$1.0M	$2.1M	20x
Short	Aster MSTRUSDT	162.82	0.0003	get 0.0003% / 8h	2h 18m	$1.8M	$8.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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 BloFinbpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$67.93
Price spread: +0.084% → −0.030%: $11.38
Slippage, 4 orders: −$12.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$89.31
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Aster: live order book, 5 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 BloFin live order book, 4 min ago	0.31 bp	6.3 bp −$6	8.1 bp −$81	12.0 bp −$1,199	doesn't fit
Sell Aster live order book, 5 min ago	1.55 bp	8.8 bp −$9	91.3 bp −$913	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
Bitget MSTRUSDT	−0.1309%	8h	162.93	+0.154%	$27.1M	$118.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.80	+0.074%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.80	+0.074%	$2.7M	$77K	10x	as long as short
Aster MSTRUSDTshort	+0.0003%	8h	162.82	+0.084%	$1.8M	$8.7M	50x
Vest MSTR-USD-PERP	+0.0022%	1h	162.26	−0.258%	—	$1.8M	25x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.58	−0.061%	$503K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.094%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.48	−0.123%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.60	−0.049%	$375K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.63	−0.031%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.56	−0.074%	$866K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.67	−0.006%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.78	+0.058%	$264K	$443K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.69	+0.009%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.64	−0.025%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	161.80	−0.541%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.72	+0.025%	$4K	$9K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0104%	8h	162.83	+0.092%	$20.6M	$100.4M	50x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.72	+0.027%	$135	—	10x	as long as short
Variational Omni MSTR	+0.0130%	8h	162.23	−0.279%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0144%	1h	162.70	+0.012%	$3.5M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0149%	8h	162.73	+0.034%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−0.713%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0207%	8h	162.80	+0.072%	$83.4M	$628.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0214%	8h	161.97	−0.437%	$78K	$850K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0311%	1h	162.64	−0.025%	$54.0M	$37.2M	10x	as long as short
BloFin MSTR-USDTlong	+0.0326%	8h	162.68	long leg	$1.0M	$2.1M	20x
Nado MSTR-PERP	+0.0356%	1h	162.50	−0.113%	$130K	$157K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	162.32	−0.218%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0378%	8h	162.86	+0.111%	$16.7M	$41.9M	50x	as long as short
edgeX MSTRUSDC	+0.0737%	4h	162.33	−0.214%	$45K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0857%	1h	162.72	+0.025%	$277K	$438K	10x	as long as short