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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 16:00 UTC+0.0390%/8h= +42.7% APRnext payment +$3.90 per $10,000 · paid last 24h +0.042%
Price spread now: Aster against Bitget−0.064%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Long on BitgetShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days−0.035%−$3 on $10k
Price spread, last 7 days−0.053%−$5 · spread now −0.064%, 7d avg −0.029%
Together, before fees−0.087%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.035% cheaper against Bitget than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.029%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$12 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MSTRUSDT163.66−0.0293get 0.0293% / 8h7h 52m$30.0M$118.7M25x
ShortAster MSTRUSDT163.560.0097get 0.0097% / 8h7h 52m$1.8M$8.7M50x

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

Funding earned
$81.96
Price spread: −0.064% → −0.029%
−$3.47
Slippage, 4 orders
−$11.06
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
$47.43
Costs to cover
0.311%
Break-even
2.9 days
Slippage from Bitget: live order book, 2 min ago; Aster: live order book, 2 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 Bitget live order book, 2 min ago0.61 bp8.9 bp −$915.0 bp −$15025.2 bp −$2,522doesn't fit
Sell Aster live order book, 2 min ago1.53 bp5.9 bp −$614.9 bp −$149doesn'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 MSTRUSDTlong−0.0293%8h163.66long leg$30.0M$118.7M25x
Gate MSTR_USDT0.0000%8h163.63−0.018%$4.7M$18.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.50−0.098%$2.8M$85K10xas long as short
Lighter MSTR+0.0032%1h163.39−0.165%$3.5M$1.7M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.33−0.203%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.471%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.70+0.024%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.59−0.043%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.48−0.110%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.46−0.122%$898K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0053%1h163.43−0.141%$43K$3K10xas long as short
QFEX MSTR-USD+0.0061%1h163.70+0.024%$1.4M$7.1M10xas long as short
Aster MSTRUSDTshort+0.0097%8h163.56−0.064%$1.8M$8.7M50x
Nado MSTR-PERP+0.0099%1h163.53−0.081%$125K$165K3xas long as short
Pacifica MSTR+0.0100%1h163.58−0.049%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.50−0.098%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.28−0.232%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.54−0.073%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.46−0.122%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.635%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0132%8h163.61−0.028%$65—5xas long as short
Bybit MSTRUSDT+0.0174%8h163.57−0.055%$17.1M$41.4M50xas long as short
OKX MSTR-USDT-SWAP+0.0213%8h163.57−0.055%$20.9M$99.5M50xas long as short
Variational Omni MSTR+0.0215%8h163.64−0.013%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0296%8h163.55−0.068%$84.2M$619.3M50xas long as short
tradeXYZ xyz:MSTR+0.0353%1h163.59−0.043%$54.0M$37.4M10xas long as short
RISEx MSTR/USDC+0.0400%1h163.69+0.019%$269K$417K10xas long as short
BloFin MSTR-USDT+0.0411%8h163.76+0.061%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.66+0.002%$56K$223K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0485%1h163.47−0.116%$278K$435K10xas long as short
GRVT MSTR_USDT_Perp+0.0761%8h163.46−0.122%$80K$858K10xas long as short
edgeX MSTRUSDC+0.0997%4h163.38−0.174%$47K$5.3M10xas long as short