Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.020%
Price spread now: Aster against Coinbase International+0.035%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.035%, 7d avg +0.059%
=Together, before fees−0.229%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSTR-PERP-INTX | 169.09 | 0.0096 | pay 0.0012% / 1h | 57m 51s | $1.5M | $1.2M | 10x |
| Short | Aster MSTRUSDT | 169.15 | 0 | get 0.0000% / 8h | 57m 51s | $1.2M | $6.1M | 50x |
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Coinbase International. 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
- −$20.16
- Price spread: +0.035% → +0.059%
- −$2.33
- Slippage, 4 orders
- −$16.97
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$57.46
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 3.84 bp | 8.8 bp −$9 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Aster live order book, 1 min ago | 0.89 bp | 6.1 bp −$6 | 312.8 bp −$3,128 | 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 | −0.0054% | 1h | 169.13 | +0.023% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0012% | 8h | 169.15 | +0.035% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDTshort | 0.0000% | 8h | 169.15 | +0.035% | $1.2M | $6.1M | 50x | |
| Binance MSTRUSDT | 0.0000% | 8h | 169.28 | +0.115% | $89.4M | $629.0M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.27 | +0.106% | $22.0M | $106.7M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.23 | +0.083% | $4.8M | $19.3M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.02 | −0.040% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.12 | +0.017% | $83K | $875K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.20 | +0.065% | $2.9M | $64K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0001% | 1h | 169.22 | +0.077% | $276K | $442K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
RISEx MSTR/USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.06 | −0.020% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0039% | 8h | 169.24 | +0.089% | $28.8M | $120.6M | 25x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.31 | +0.130% | — | $2.1M | 25x | as long as short |
| QFEX MSTR-USD | +0.0049% | 1h | 169.25 | +0.095% | $1.5M | $10.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.19 | +0.059% | $393K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.22 | +0.077% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 168.96 | −0.077% | $780K | $5.1M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0074% | 8h | 169.23 | +0.083% | $15.2M | $40.6M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0078% | 1h | 169.18 | +0.053% | $57.1M | $37.5M | 10x | as long as short |
| Lighter MSTR | +0.0080% | 1h | 169.25 | +0.095% | $3.6M | $2.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0095% | 8h | 169.19 | +0.061% | $68 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTXlong | +0.0096% | 1h | 169.09 | long leg | $1.5M | $1.2M | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 169.17 | +0.047% | $105K | $104K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.07 | −0.012% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 168.91 | −0.106% | $4K | $395K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.21 | +0.071% | $3K | $11K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0104% | 1h | 169.32 | +0.136% | $13K | $21K | 30x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.21 | +0.070% | $140 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.00 | −0.050% | $57K | $392K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0424% | 4h | 169.08 | −0.004% | $47K | $5.5M | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 169.28 | +0.112% | $27K | $129K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0755% | 1h | 169.28 | +0.112% | $288K | $439K | 10x | as long as short |
Extended MSTR_24_5-USD
Bitget MSTRUSDT
Vest MSTR-USD-PERP
QFEX MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Lighter MSTR
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Injective MSTR/USDC PERP
Aevo MSTR-PERP
Phoenix MSTR
edgeX MSTRUSDC
Arcus MSTR-USD
Deribit MSTR_USDC-PERPETUAL