MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.70 per $10,000 · paid last 24h +0.019%

Price spread now: Aster against Bitget+0.020%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.025%+$3 · spread now +0.020%, 7d avg −0.022%

Together, before fees+0.007%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.041% dearer against Bitget than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.022%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.018% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSTRUSDT	169.44	0.0070	pay 0.0070% / 8h	2h 09m	$28.8M	$120.0M	25x
Short	Aster MSTRUSDT	169.47	0	get 0.0000% / 8h	2h 09m	$1.3M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$14.7
Price spread: +0.020% → −0.022%: $4.14
Slippage, 4 orders: −$8.86
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.42
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 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 Bitget live order book, 9 min ago	0.29 bp	8.8 bp −$9	14.0 bp −$140	29.4 bp −$2,943	doesn't fit
Sell Aster live order book, 4 min ago	2.07 bp	6.5 bp −$6	248.3 bp −$2,483	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	−0.0066%	1h	169.52	+0.047%	$140K	$98K	3x	as long as short
Aster MSTRUSDTshort	0.0000%	8h	169.47	+0.020%	$1.3M	$6.2M	50x
Binance MSTRUSDT	0.0000%	8h	169.47	+0.015%	$88.6M	$630.6M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.50	+0.035%	$22.1M	$107.5M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.48	+0.026%	$277K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.41	−0.018%	$4.8M	$19.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.48	+0.024%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.50	+0.035%	$83K	$948K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	0.0000%	1h	169.57	+0.077%	$288K	$439K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.52	+0.047%	$2.9M	$59K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MSTR-USDT	+0.0020%	8h	169.51	+0.041%	$1.1M	$1.8M	20x	as long as short
Lighter MSTR	+0.0032%	1h	169.46	+0.012%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.36	−0.047%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.48	+0.024%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.71	+0.159%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.195%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	169.43	−0.006%	$56.8M	$38.3M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.48	+0.024%	$410K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.51	+0.041%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.39	−0.030%	$752K	$5.1M	10x	as long as short
Bitget MSTRUSDTlong	+0.0070%	8h	169.44	long leg	$28.8M	$120.0M	25x
Paradex MSTR-USD-PERP	+0.0086%	8h	169.42	−0.012%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0089%	8h	169.47	+0.018%	$15.2M	$41.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.43	−0.005%	$104K	$121K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.43	−0.006%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.53	+0.053%	$4K	$871K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.50	+0.035%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.51	+0.041%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.66	+0.132%	$57K	$396K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.57	+0.077%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.100%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0743%	4h	169.62	+0.106%	$48K	$5.5M	10x	as long as short