Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.038%
Price spread now: Aster against Vest−0.048%47s7-day average +0.919% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)−0.282%−$28 · spread now −0.048%, 7d avg +0.919%
=Together, before fees−0.273%+ Points / potential airdropVest: Active · Aster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.967% cheaper against Vest than usual: you would sell low and buy high (−$97 if the spread goes back to its 7-day average of +0.919%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 169.12 | 0.0046 | pay 0.0006% / 1h | 48m 46s | — | $2.1M | 25x |
| Short | Aster MSTRUSDT | 169.04 | 0 | get 0.0000% / 8h | 1h 48m | $1.2M | $6.2M | 50x |
Vest MSTR-USD-PERP
Aster MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Vest. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.59
- Price spread: −0.048% → +0.919%
- −$96.72
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$116.31
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 5 min ago | 1.18 bp | 10.6 bp −$11 | 439.1 bp −$4,391 | doesn't fit | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0061% | 1h | 168.96 | −0.094% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDTshort | 0.0000% | 8h | 169.04 | −0.048% | $1.2M | $6.2M | 50x | |
| Binance MSTRUSDT | 0.0000% | 8h | 168.98 | −0.083% | $88.3M | $629.3M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 168.94 | −0.106% | $22.0M | $106.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.04 | −0.050% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 168.97 | −0.089% | $4.8M | $19.3M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.20 | +0.048% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.23 | +0.066% | $74K | $935K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.00 | −0.071% | $2.9M | $60K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0006% | 8h | 169.08 | −0.024% | $1.1M | $1.8M | 20x | as long as short |
Nado MSTR-PERP
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 168.96 | −0.095% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.90 | −0.130% | $585K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.03 | −0.053% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 169.12 | long leg | — | $2.1M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.95 | −0.101% | $410K | $2.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.01 | −0.065% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.09 | −0.018% | $753K | $5.1M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0055% | 8h | 168.95 | −0.101% | $28.8M | $119.8M | 25x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | −0.112% | $1.5M | $1.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0080% | 8h | 169.00 | −0.068% | $68 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.0082% | 8h | 168.98 | −0.083% | $15.2M | $40.9M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 168.95 | −0.102% | $103K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 168.97 | −0.089% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.29 | +0.101% | $4K | $721K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.06 | −0.035% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.04 | −0.046% | $140 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0112% | 1h | 168.95 | −0.101% | $56.9M | $38.0M | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.12 | −0.002% | $57K | $394K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0283% | 1h | 169.01 | −0.065% | $287K | $439K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.25 | +0.077% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.12 | 0.000% | $27K | $134K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0654% | 4h | 169.21 | +0.055% | $48K | $5.4M | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Bitget MSTRUSDT
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Bybit MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
Injective MSTR/USDC PERP
Arcus MSTR-USD
edgeX MSTRUSDC