Funding you earn now, next payment 00:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.012%
Price spread now: Aster against edgeX+0.097%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now +0.097%, 7d avg +0.003%
=Together, before fees+0.093%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.094% dearer against edgeX than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.003%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 7 days funding on this pair paid +0.112%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 169.19 | 0.0192 | pay 0.0096% / 4h | 2h 35m | $49K | $5.4M | 10x |
| Short | Aster MSTRUSDT | 169.36 | 0 | get 0.0000% / 8h | 2h 35m | $1.3M | $6.2M | 50x |
edgeX MSTRUSDC
Aster MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against edgeX. 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
- −$40.33
- Price spread: +0.097% → +0.003%
- $9.38
- Slippage, 4 orders
- −$21.64
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$69.59
- Costs to cover
- 0.386%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 3 min ago; Aster: live order book, 3 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 edgeX live order book, 3 min ago | 5.62 bp | 10.7 bp −$11 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 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 | −0.0146% | 1h | 169.24 | +0.031% | $139K | $101K | 3x | as long as short |
| Aster MSTRUSDTshort | 0.0000% | 8h | 169.36 | +0.097% | $1.3M | $6.2M | 50x | |
| Binance MSTRUSDT | 0.0000% | 8h | 169.44 | +0.148% | $88.7M | $629.3M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.49 | +0.177% | $22.1M | $107.5M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.44 | +0.149% | $296K | $437K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.40 | +0.123% | $4.8M | $19.6M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.21 | +0.009% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.35 | +0.094% | $83K | $948K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | 0.0000% | 1h | 169.38 | +0.112% | $288K | $438K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.39 | +0.117% | $2.9M | $56K | 10x | as long as short |
Nado MSTR-PERP
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDT | +0.0019% | 8h | 169.36 | +0.100% | $1.1M | $1.8M | 20x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 169.38 | +0.112% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.25 | +0.034% | $588K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0039% | 1h | 169.34 | +0.088% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.42 | +0.135% | — | $2.1M | 25x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0048% | 1h | 169.11 | −0.048% | $1.5M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0050% | 1h | 169.35 | +0.094% | $56.9M | $38.0M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.34 | +0.088% | $416K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.27 | +0.047% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.34 | +0.088% | $738K | $5.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0067% | 8h | 169.34 | +0.089% | $68 | — | 5x | as long as short |
| Bitget MSTRUSDT | +0.0071% | 8h | 169.42 | +0.135% | $28.9M | $119.6M | 25x | as long as short |
| Bybit MSTRUSDT | +0.0087% | 8h | 169.40 | +0.123% | $15.2M | $41.4M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.38 | +0.111% | $103K | $137K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.25 | +0.035% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.39 | +0.117% | $4K | $998K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.34 | +0.088% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.35 | +0.097% | $141 | — | 10x | as long as short |
| Phoenix MSTR | +0.0184% | 1h | 169.22 | +0.017% | $57K | $396K | 10x | as long as short |
| edgeX MSTRUSDClong | +0.0192% | 4h | 169.19 | long leg | $49K | $5.4M | 10x | |
| Arcus MSTR-USD | +0.0432% | 1h | 169.40 | +0.123% | $27K | $134K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 169.10 | −0.054% | $13K | $22K | 30x | as long as short |
BloFin MSTR-USDT
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Vest MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
Bitget MSTRUSDT
Bybit MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Arcus MSTR-USD
Injective MSTR/USDC PERP