Funding you earn now, next payment 03:00 UTC+0.0725%/8h= +79.4% APRpaid last 24h +0.163%
Price spread now: Deribit against Aster+0.043%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 5 days (all we have)+0.595%+$60 on $10k
+Price spread, last 3 days (all we have)+0.099%+$10 · spread now +0.043%, 7d avg +0.048%
=Together, before fees+0.694%+ Points / potential airdropAster: Stage 5 · farm board+$69 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 164.18 | 0 | get 0.0000% / 8h | 5h 53m | $1.2M | $7.5M | 50x |
| Short | Deribit MSTR_USDC-PERPETUAL | 164.25 | 0.0725 | get 0.0091% / 1h | 53m 33s | $279K | $438K | 10x |
Aster MSTRUSDT
Deribit MSTR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aster. 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
- $152.26
- Price spread: +0.043% → +0.048%
- −$0.55
- Slippage, 4 orders
- −$18.01
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $118.71
- Costs to cover
- 0.330%
- Break-even
- 1.5 days
Slippage from Aster: live order book, 5 min ago; Deribit: live order book, 10 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, 5 min ago | 0.30 bp | 7.7 bp −$8 | 7.9 bp −$79 | 38.6 bp −$3,861 | doesn't fit |
| Sell Deribit live order book, 10 min ago | 5.77 bp | 11.1 bp −$11 | 13.2 bp −$132 | doesn't fit | doesn't fit |
MSTR on 31 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 | −0.1223% | 8h | 164.42 | +0.147% | $27.5M | $114.3M | 25x | as long as short |
| Gate MSTR_USDT | −0.0065% | 8h | 164.23 | +0.031% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDTlong | 0.0000% | 8h | 164.18 | long leg | $1.2M | $7.5M | 50x | |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.27 | +0.055% | $20.8M | $99.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.23 | +0.031% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0014% | 8h | 164.41 | +0.139% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.10 | −0.048% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.04 | −0.085% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.143% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.31 | +0.080% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.06 | −0.073% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.09 | −0.054% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.20 | +0.013% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.12 | −0.036% | $887K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.23 | +0.031% | $1.4M | $7.8M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0080% | 1h | 164.11 | −0.042% | $55.0M | $36.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0081% | 8h | 164.25 | +0.045% | $87.8M | $618.0M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.19 | +0.005% | $100K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.22 | +0.025% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.14 | −0.024% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.20 | +0.013% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.20 | +0.012% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0145% | 8h | 164.17 | −0.007% | $66 | — | 5x | as long as short |
| edgeX MSTRUSDC | +0.0153% | 4h | 164.15 | −0.017% | $50K | $5.4M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0178% | 8h | 164.25 | +0.045% | $77K | $772K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.054% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0220% | 1h | 164.16 | −0.012% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.27 | +0.055% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0338% | 8h | 164.28 | +0.061% | $17.0M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.16 | −0.011% | $55K | $227K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | +0.0725% | 1h | 164.25 | +0.043% | $279K | $438K | 10x |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
edgeX MSTRUSDC
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR