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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.047%
Price spread now: Aster against Phemex−0.140%7-day average −0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PhemexShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.140%, 7d avg −0.043%
Together, before fees+0.374%+ Points / potential airdropAster: Stage 5 · farm board+$37 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.097% cheaper against Phemex than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex MSTRUSDT164.010get 0.0000% / 4h2h 49m$2.8M$77K10x
ShortAster MSTRUSDT163.780get 0.0000% / 8h2h 49m$1.8M$8.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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

Funding earned
$0
Price spread: −0.140% → −0.043%
−$9.73
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$29.73
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; Aster: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago1.22 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 4 min ago0.61 bp6.9 bp −$771.9 bp −$719doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0973%8h163.89−0.073%$27.0M$117.0M25xas long as short
Aster MSTRUSDTshort0.0000%8h163.78−0.140%$1.8M$8.6M50x
Gate MSTR_USDT0.0000%8h163.83−0.110%$4.6M$19.2M50xas long as short
Phemex MSTRUSDTlong0.0000%4h164.01long leg$2.8M$77K10x
Extended MSTR_24_5-USD+0.0032%1h163.59−0.253%$596K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.250%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.85−0.098%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.56−0.274%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.82−0.116%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.71−0.183%$830K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0054%1h163.84−0.104%$1.4M$7.2M10xas long as short
OKX MSTR-USDT-SWAP+0.0063%8h163.78−0.140%$20.6M$99.4M50xas long as short
SoDEX MSTR-USD+0.0071%1h163.71−0.183%$43K$3K10xas long as short
RISEx MSTR/USDC+0.0088%1h163.91−0.061%$266K$446K10xas long as short
Pacifica MSTR+0.0100%1h163.74−0.164%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.66−0.213%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.59−0.256%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.78−0.140%$4K$8K10xas long as short
Variational Omni MSTR+0.0103%8h163.88−0.082%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.81−0.123%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0111%8h163.71−0.184%$65—5xas long as short
GRVT MSTR_USDT_Perp+0.0160%8h163.86−0.091%$79K$838K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.268%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0171%8h163.75−0.160%$85.7M$619.5M50xas long as short
Lighter MSTR+0.0224%1h163.72−0.177%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0287%8h163.93−0.049%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0333%8h163.84−0.104%$16.7M$41.2M50xas long as short
Nado MSTR-PERP+0.0343%1h163.70−0.192%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0349%1h163.73−0.171%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.69−0.194%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0496%4h163.67−0.209%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0972%1h163.86−0.091%$279K$438K10xas long as short