MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0114%/8h= −12.5% APRnext payment −$1.14 per $10,000 · paid last 24h −0.008%

Price spread now: Aster against OKX−0.141%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.141%, 7d avg −0.021%

Together, before fees−0.061%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.120% cheaper against OKX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSTR-USDT-SWAP	163.22	0.0237	pay 0.0237% / 8h	7h 24m	$20.8M	$96.7M	50x
Short	Aster MSTRUSDT	162.99	0.0123	get 0.0123% / 8h	7h 24m	$1.8M	$8.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$23.98
Price spread: −0.141% → −0.021%: −$11.98
Slippage, 4 orders: −$10.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$64.45
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Aster: 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 OKX live order book, 5 min ago	0.31 bp	7.3 bp −$7	13.2 bp −$132	63.8 bp −$6,375	doesn't fit
Sell Aster live order book, 5 min ago	1.23 bp	5.7 bp −$6	16.7 bp −$167	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
Gate MSTR_USDT	0.0000%	8h	163.23	+0.006%	$4.7M	$18.7M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	163.33	+0.067%	$30.8M	$117.8M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.22	0.000%	$2.7M	$87K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.82	−0.245%	$589K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−0.374%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.06	−0.098%	$26K	$112K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.88	−0.208%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.92	−0.184%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.93	−0.178%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.61	−0.374%	$900K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0061%	1h	163.01	−0.129%	$1.3M	$7.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.93	−0.180%	$100K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.97	−0.153%	$2.3M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.35	−0.533%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.88	−0.208%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.96	−0.162%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.26	−0.588%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDTshort	+0.0123%	8h	162.99	−0.141%	$1.8M	$8.7M	50x
Paradex MSTR-USD-PERP	+0.0172%	8h	162.90	−0.197%	$65	—	5x	as long as short
Nado MSTR-PERP	+0.0182%	1h	162.91	−0.192%	$125K	$143K	3x	as long as short
Lighter MSTR	+0.0184%	1h	163.21	−0.006%	$3.5M	$1.8M	10x	as long as short
Variational Omni MSTR	+0.0232%	8h	162.49	−0.445%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	+0.0233%	8h	162.45	−0.472%	$84K	$846K	10x	as long as short
OKX MSTR-USDT-SWAPlong	+0.0237%	8h	163.22	long leg	$20.8M	$96.7M	50x
Binance MSTRUSDT	+0.0315%	8h	163.37	+0.092%	$84.8M	$614.6M	50x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	162.95	−0.168%	$265K	$392K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0414%	1h	163.24	+0.012%	$53.7M	$36.0M	10x	as long as short
BloFin MSTR-USDT	+0.0434%	8h	162.76	−0.282%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0460%	1h	162.62	−0.369%	$55K	$223K	10x	as long as short
Bybit MSTRUSDT	+0.0534%	8h	163.31	+0.055%	$17.1M	$41.0M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0854%	1h	163.25	+0.018%	$278K	$426K	10x	as long as short
edgeX MSTRUSDC	+0.0880%	4h	162.40	−0.500%	$46K	$5.4M	10x	as long as short