MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0066%/8h= +7.3% APRnext payment +$0.66 per $10,000 · paid last 24h +0.013%

Price spread now: Bybit against Aster+0.083%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 7 days−0.179%−$18 · spread now +0.083%, 7d avg +0.011%

Together, before fees−0.062%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.072% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSTRUSDT	169.18	0	get 0.0000% / 8h	1h 16m	$1.2M	$6.2M	50x
Short	Bybit MSTRUSDT	169.32	0.0066	get 0.0066% / 8h	1h 16m	$15.2M	$40.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now +0.083%Rate

Funding earned: $13.93
Price spread: +0.083% → +0.011%: $7.17
Slippage, 4 orders: −$14.65
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.55
Costs to cover: 0.337%
Break-even: 13.3 days

Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 2 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 Aster live order book, 2 min ago	0.59 bp	9.8 bp −$10	81.7 bp −$817	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.59 bp	9.0 bp −$9	13.4 bp −$134	116.2 bp −$11.6K	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	−0.0070%	1h	169.22	+0.023%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0019%	8h	169.32	+0.083%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDTlong	0.0000%	8h	169.18	long leg	$1.2M	$6.2M	50x
Binance MSTRUSDT	0.0000%	8h	169.30	+0.070%	$89.4M	$628.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.33	+0.089%	$22.1M	$106.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.32	+0.081%	$276K	$442K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.27	+0.053%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.35	+0.103%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.37	+0.112%	$83K	$889K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.26	+0.047%	$2.9M	$62K	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	169.23	+0.030%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.11	−0.044%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0035%	8h	169.30	+0.071%	$28.8M	$119.4M	25x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.31	+0.077%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.40	+0.130%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.27	+0.053%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.28	+0.059%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.25	+0.041%	$781K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.307%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDTshort	+0.0066%	8h	169.32	+0.083%	$15.2M	$40.5M	50x
Paradex MSTR-USD-PERP	+0.0082%	8h	169.27	+0.055%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0096%	1h	169.24	+0.035%	$57.0M	$37.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.23	+0.032%	$104K	$105K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.13	−0.030%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.15	−0.018%	$4K	$481K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.27	+0.053%	$3K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.25	+0.041%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.34	+0.092%	$57K	$394K	10x	as long as short
edgeX MSTRUSDC	+0.0287%	4h	169.42	+0.139%	$48K	$5.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.32	+0.083%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.38	+0.118%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0577%	1h	169.34	+0.095%	$288K	$439K	10x	as long as short