Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0256%/8h= −28.1% APRpaid last 24h −0.018%
Price spread now: Aster against tradeXYZ+0.036%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Long on tradeXYZShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days−0.197%−$20 on $10k
Price spread, last 7 days−0.114%−$11 · spread now +0.036%, 7d avg +0.051%
Together, before fees−0.310%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR163.810.0256pay 0.0032% / 1h5m 19s$54.6M$37.1M10x
ShortAster MSTRUSDT163.870get 0.0000% / 8h3h 05m$1.8M$8.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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
−$53.85
Price spread: +0.036% → +0.051%
−$1.57
Slippage, 4 orders
−$9.4
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Aster: 4 bp × 2 orders
−$8
Net
−$90.82
Costs to cover
0.354%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 3 min ago0.92 bp9.9 bp −$1011.8 bp −$118doesn't fitdoesn't fit
Sell Aster live order book, 4 min ago0.31 bp5.5 bp −$565.4 bp −$654doesn'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−0.0974%8h164.00+0.116%$27.1M$116.6M25xas long as short
Aster MSTRUSDTshort0.0000%8h163.87+0.036%$1.8M$8.6M50x
Gate MSTR_USDT0.0000%8h163.91+0.061%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.94+0.079%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.87+0.037%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.67−0.085%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.376%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.87+0.037%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0041%8h163.90+0.055%$20.7M$99.0M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.60−0.128%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.80−0.006%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.82+0.006%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77−0.024%$817K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.78−0.018%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0074%8h163.83+0.011%$66—5xas long as short
Variational Omni MSTR+0.0091%8h163.89+0.047%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.83+0.012%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.72−0.055%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.67−0.085%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.86+0.031%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.87+0.034%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0148%8h163.85+0.027%$83K$837K10xas long as short
Binance MSTRUSDT+0.0157%8h163.87+0.037%$86.0M$619.1M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.147%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.83+0.014%$266K$445K10xas long as short
Nado MSTR-PERP+0.0240%1h163.72−0.054%$121K$148K3xas long as short
tradeXYZ xyz:MSTRlong+0.0256%1h163.81long leg$54.6M$37.1M10x
BloFin MSTR-USDT+0.0277%8h163.88+0.043%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0316%8h163.85+0.024%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.78−0.018%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0686%4h163.69−0.072%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0788%1h163.93+0.073%$279K$438K10xas long as short