MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against Orderly−0.018%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Orderly PERP_MSTR_USDC_mythos	169.23	0.0100	pay 0.0100% / 8h	1h 43m	$3K	$12K	10x
Short	Aster MSTRUSDT	169.20	0	get 0.0000% / 8h	1h 43m	$1.3M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$21
Price spread: −0.018% → 0.000%: −$1.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.77
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 6 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	1.48 bp	8.7 bp −$9	328.8 bp −$3,288	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0093%	1h	169.14	−0.056%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0023%	8h	169.28	+0.030%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDTshort	0.0000%	8h	169.20	−0.018%	$1.3M	$6.2M	50x
Binance MSTRUSDT	0.0000%	8h	169.31	+0.044%	$88.4M	$628.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.23	0.000%	$22.1M	$106.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.23	+0.001%	$276K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.26	+0.018%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.03	−0.119%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.18	−0.028%	$74K	$935K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.26	+0.018%	$2.9M	$61K	10x	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	−0.012%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.14	−0.051%	$585K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.24	+0.006%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.33	+0.059%	—	$2.1M	25x	as long as short
Bitget MSTRUSDT	+0.0046%	8h	169.30	+0.041%	$28.9M	$119.6M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.23	0.000%	$401K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.20	−0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.93	−0.177%	$752K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.93	−0.177%	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0076%	8h	169.19	−0.021%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0077%	8h	169.34	+0.065%	$15.2M	$40.8M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0086%	1h	169.23	0.000%	$57.0M	$38.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.21	−0.013%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.15	−0.047%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.18	−0.030%	$4K	$619K	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	169.23	long leg	$3K	$12K	10x
Aevo MSTR-PERP	+0.0104%	1h	169.21	−0.014%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.00	−0.137%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.25	+0.012%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0400%	4h	169.14	−0.050%	$48K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.28	+0.030%	$27K	$134K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0578%	1h	169.27	+0.024%	$288K	$439K	10x	as long as short