MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.017%

Price spread now: Aster against KuCoin+0.015%7-day average +0.016% · 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−$60as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.015%, 7d avg +0.016%

Together, before fees−0.001%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	164.55	0.0100	pay 0.0100% / 8h	3h 54m	$2.4M	$2.7M	20x
Short	Aster MSTRUSDT	164.57	0	get 0.0000% / 8h	3h 54m	$1.8M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$21
Price spread: +0.015% → +0.016%: −$0.18
Slippage, 4 orders: −$39.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$81.06
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Aster: live order book, 4 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 KuCoin live order book, 2 min ago	1.52 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.61 bp	6.5 bp −$7	35.4 bp −$354	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	−0.0893%	8h	164.68	+0.079%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDTshort	0.0000%	8h	164.57	+0.015%	$1.8M	$8.6M	50x
Gate MSTR_USDT	0.0000%	8h	164.76	+0.128%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.76	+0.128%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0025%	8h	164.58	+0.018%	$20.7M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.63	+0.049%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.47	−0.052%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.911%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.73	+0.109%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.50	−0.030%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.52	−0.018%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.64	+0.055%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.47	−0.049%	$862K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.64	+0.055%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0099%	8h	164.66	+0.065%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.64	+0.055%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	164.55	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.61	+0.036%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.64	+0.055%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.65	+0.063%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.65	+0.058%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.62	+0.043%	$86.9M	$615.7M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.261%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0175%	8h	164.73	+0.109%	$82K	$792K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0179%	1h	164.53	−0.012%	$54.8M	$37.0M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.76	+0.126%	$56K	$226K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.70	+0.091%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0240%	1h	164.56	+0.009%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0276%	8h	164.74	+0.115%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0344%	8h	164.72	+0.103%	$16.9M	$40.8M	50x	as long as short
edgeX MSTRUSDC	+0.0749%	4h	164.71	+0.099%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0905%	1h	164.71	+0.097%	$280K	$438K	10x	as long as short