MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0338%/8h= +37.0% APRnext payment +$3.38 per $10,000 · paid last 24h −0.005%

Price spread now: Bybit against Aster+0.015%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 7 days+0.080%+$8 · spread now +0.015%, 7d avg +0.019%

Together, before fees+0.203%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSTRUSDT	164.06	0	get 0.0000% / 8h	3h 28m	$1.8M	$8.6M	50x
Short	Bybit MSTRUSDT	164.09	0.0338	get 0.0338% / 8h	3h 28m	$16.7M	$41.0M	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 +0.015%Rate

Funding earned: $71.03
Price spread: +0.015% → +0.019%: −$0.41
Slippage, 4 orders: −$12.64
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $38.98
Costs to cover: 0.316%
Break-even: 3.2 days

Slippage from Aster: live order book, 5 min ago; Bybit: live order book, 5 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	0.31 bp	9.8 bp −$10	119.0 bp −$1,190	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.61 bp	8.7 bp −$9	11.6 bp −$116	88.5 bp −$8,850	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
Bitget MSTRUSDT	−0.0915%	8h	164.15	+0.052%	$28.0M	$115.5M	25x	as long as short
Aster MSTRUSDTlong	0.0000%	8h	164.06	long leg	$1.8M	$8.6M	50x
Gate MSTR_USDT	0.0000%	8h	164.06	−0.003%	$4.6M	$19.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.17	+0.064%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.87	−0.122%	$589K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.215%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.23	+0.101%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.86	−0.125%	—	$1.7M	25x	as long as short
Lighter MSTR	+0.0048%	1h	163.95	−0.070%	$3.5M	$1.9M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0050%	8h	164.02	−0.027%	$20.7M	$99.0M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	163.97	−0.058%	$379K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.14	+0.046%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.12	+0.034%	$868K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.00	−0.040%	$1.4M	$7.3M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0088%	8h	164.00	−0.041%	$66	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	163.97	−0.060%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.97	−0.058%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.19	+0.076%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.14	+0.046%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.15	+0.052%	$136	—	10x	as long as short
Variational Omni MSTR	+0.0108%	8h	164.33	+0.159%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.11	+0.027%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0171%	8h	163.99	−0.046%	$86.5M	$616.4M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0175%	8h	164.36	+0.182%	$82K	$814K	10x	as long as short
edgeX MSTRUSDC	+0.0223%	4h	164.20	+0.082%	$49K	$5.3M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.03	−0.024%	$266K	$445K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0255%	1h	163.97	−0.058%	$54.6M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0262%	1h	163.93	−0.083%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0291%	8h	164.19	+0.076%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDTshort	+0.0338%	8h	164.09	+0.015%	$16.7M	$41.0M	50x
Phoenix MSTR	+0.0340%	1h	164.28	+0.134%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0665%	1h	164.11	+0.027%	$279K	$438K	10x	as long as short