MSTR funding rates and arbitrage
Updated 2026-10-29 17:29 UTC
Best MSTR arbitrage after every cost
No MSTR pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
MSTR funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Bitget | MSTRUSDT | 0.0367% | 8 h | +40.2% | +4.8% | $37.2M | 2026-10-30 00:00 |
| BingX | NCSKMSTR2USD-USDT | 0.0346% | 8 h | +37.9% | +13.1% | $911.3K | 2026-10-30 00:00 |
| KuCoin | MSTRUSDTM | 0.0229% | 8 h | +25.1% | −7.3% | $3.4M | 2026-10-30 00:00 |
| Nado | MSTR-PERP_USDT0 | 0.0027% | 1 h | +23.7% | — | $68.5K | 2026-10-29 18:00 |
| OKX | MSTR-USDT-SWAP | 0.0171% | 8 h | +18.7% | −0.8% | $18.7M | 2026-10-30 00:00 |
| Bybit | MSTRUSDT | 0.0148% | 8 h | +16.2% | −1.9% | $26.3M | 2026-10-30 00:00 |
| Crypto.com | MSTRUSD-PERP | 0.0016% | 1 h | +13.9% | +12.6% | $19.6K | 2026-10-29 18:00 |
| Phoenix | MSTR | 0.0015% | 1 h | +13.4% | +21.9% | — | 2026-10-29 18:00 |
| Pacifica | MSTR | 0.0013% | 1 h | +10.9% | −0.2% | $117.8K | 2026-10-29 18:00 |
| ApeX | MSTR-USDT | 0.0013% | 1 h | +10.9% | +7.8% | $80.5K | 2026-10-29 18:00 |
| TXFlow | MSTR-USDC | 0.0013% | 1 h | +10.9% | — | $48.5K | 2026-10-29 18:00 |
| Paradex | MSTR-USD-PERP | 0.0064% | 8 h | +7.0% | — | $629 | 2026-10-30 00:00 |
| Bitunix | MSTRUSDT | 0.0060% | 8 h | +6.5% | +2.7% | — | 2026-10-30 00:00 |
| Binance | MSTRUSDT | 0.0051% | 8 h | +5.6% | −3.2% | $81.9M | 2026-10-30 00:00 |
| LBank | MSTRUSDT | 0.0051% | 8 h | +5.6% | — | — | 2026-10-30 00:00 |
| Ondo Perps | MSTR-USD.P | 0.0006% | 1 h | +5.5% | — | $717.6K | 2026-10-29 18:00 |
| PopDEX | MSTRUSDT | 0.0006% | 1 h | +5.5% | −2.1% | — | 2026-10-29 18:00 |
| MEXC | MSTRSTOCK_USDT | 0.0050% | 8 h | +5.5% | −3.5% | $17.7M | 2026-10-30 00:00 |
| Hyperliquid | xyz:MSTR | 0.0006% | 1 h | +5.5% | +4.9% | $36.9M | 2026-10-29 18:00 |
| Extended | MSTR_24_5-USD | 0.0005% | 1 h | +4.4% | −1.1% | $334.3K | 2026-10-29 18:00 |
| Lighter | MSTR | 0.0004% | 1 h | +3.5% | −0.3% | $2.5M | 2026-10-29 18:00 |
| QFEX | MSTR-USD | 0.0003% | 1 h | +2.4% | — | $2.4M | 2026-10-29 18:00 |
| Phemex | MSTRUSDT | 0.0000% | 4 h | 0.0% | — | $1.4M | 2026-10-29 20:00 |
| GRVT | MSTR_USDT_Perp | 0.0000% | 8 h | 0.0% | −2.4% | $99.8K | 2026-10-30 00:00 |
| Aster | MSTRUSDT | 0.0000% | 8 h | 0.0% | +8.3% | $851.1K | 2026-10-30 00:00 |
| RISEx | MSTR/USDC | 0.0000% | 1 h | 0.0% | — | $499K | 2026-10-29 18:00 |
| Variational | MSTR-PERP | 0.0000% | 8 h | 0.0% | — | $1.5M | 2026-10-30 00:00 |
| Gate | MSTR_USDT | 0.0000% | 8 h | 0.0% | +0.3% | $13.3M | 2026-10-30 00:00 |
| Arcus | MSTR-USD | -0.0014% | 1 h | −12.6% | +1.6% | $375K | 2026-10-29 18:00 |
| WhiteBIT | MSTR_PERP | -0.0125% | 8 h | −13.7% | −1.6% | $12.1M | 2026-10-30 00:00 |
Cost to enter $10,000 of MSTR
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Extended | MSTR_24_5-USD | 2.9 bp | order-book snapshot, 34 min old |
| Lighter | MSTR | 3.4 bp | live order book |
| MEXC | MSTRSTOCK_USDT | 4.3 bp | live order book |
| Aster | MSTRUSDT | 4.6 bp | order-book snapshot, 47 min old |
| BingX | NCSKMSTR2USD-USDT | 6.3 bp | order-book snapshot, 6 min old |
| Binance | MSTRUSDT | 6.6 bp * | live order book |
| OKX | MSTR-USDT-SWAP | 7.7 bp * | order-book snapshot, 18 min old |
| Bitget | MSTRUSDT | 8.4 bp | live order book |
| Nado | MSTR-PERP_USDT0 | 12.7 bp | order-book snapshot, 36 min old |
| Gate | MSTR_USDT | 15.5 bp | live order book |
| ApeX | MSTR-USDT | 66.0 bp * | order-book snapshot, 48 min old |
| Bybit | MSTRUSDT | 3.4 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account.
Questions
Is MSTR funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no MSTR pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest MSTR funding rate?
Bitget at +40.2% a year (0.0367% every 8 h); the lowest is WhiteBIT at −13.7%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.