# MSTR funding rates and arbitrage

Updated 2026-10-30 01:48 UTC · https://afterfees.xyz/coin/MSTR

## 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 |
|---|---|---|---|---|---|---|---|
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | MSTRUSD-PERP | 0.0076% | 1 h | +66.4% | +11.0% | $13.2K | 2026-10-30 02:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | xyz:MSTR | 0.0045% | 1 h | +39.4% | +4.5% | $38.7M | 2026-10-30 02:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | MSTR_USDT_Perp | 0.0311% | 8 h | +34.1% | −4.5% | $122.7K | 2026-10-30 08:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | MSTR | 0.0034% | 1 h | +29.5% | +20.7% | — | 2026-10-30 02:00 |
| [Nado](https://afterfees.xyz/venues/nado) | MSTR-PERP_USDT0 | 0.0033% | 1 h | +29.2% | — | $57.2K | 2026-10-30 02:00 |
| [RISEx](https://afterfees.xyz/venues/risex) | MSTR/USDC | 0.0026% | 1 h | +23.2% | — | $384.2K | 2026-10-30 02:00 |
| [OKX](https://afterfees.xyz/venues/okx) | MSTR-USDT-SWAP | 0.0157% | 8 h | +17.2% | −2.2% | $18M | 2026-10-30 08:00 |
| [Binance](https://afterfees.xyz/venues/binance) | MSTRUSDT | 0.0156% | 8 h | +17.1% | −5.2% | $81.6M | 2026-10-30 08:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | MSTRUSDT | 0.0155% | 8 h | +16.9% | — | — | 2026-10-30 08:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | MSTRSTOCK_USDT | 0.0154% | 8 h | +16.9% | −5.5% | $14.2M | 2026-10-30 08:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | NCSKMSTR2USD-USDT | 0.0152% | 8 h | +16.6% | +12.3% | $911.3K | 2026-10-30 08:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | MSTR_PERP | 0.0145% | 8 h | +15.8% | −2.8% | $11.9M | 2026-10-30 08:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MSTRUSDTM | 0.0142% | 8 h | +15.5% | −7.3% | $3.3M | 2026-10-30 08:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | MSTRUSDT | 0.0134% | 8 h | +14.7% | +0.9% | — | 2026-10-30 08:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | MSTRUSDT | 0.0133% | 8 h | +14.6% | −3.3% | $17.5M | 2026-10-30 08:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | MSTR-USD-PERP | 0.0121% | 8 h | +13.3% | — | $585 | 2026-10-30 08:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | MSTR | 0.0013% | 1 h | +10.9% | −0.2% | $233.6K | 2026-10-30 02:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | MSTR-USDT | 0.0013% | 1 h | +10.9% | +7.8% | $74.7K | 2026-10-30 02:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | MSTR-USDC | 0.0013% | 1 h | +10.9% | — | $44.6K | 2026-10-30 02:00 |
| [Aster](https://afterfees.xyz/venues/aster) | MSTRUSDT | 0.0064% | 8 h | +7.0% | +6.0% | $860.4K | 2026-10-30 08:00 |
| [Variational](https://afterfees.xyz/venues/variational) | MSTR-PERP | 0.0051% | 8 h | +5.6% | — | $1.5M | 2026-10-30 08:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | MSTR-USD.P | 0.0006% | 1 h | +5.5% | — | $597.2K | 2026-10-30 02:00 |
| [PopDEX](https://afterfees.xyz/venues/popdex) | MSTRUSDT | 0.0006% | 1 h | +5.5% | −2.5% | — | 2026-10-30 02:00 |
| [Arcus](https://afterfees.xyz/venues/arcus) | MSTR-USD | 0.0005% | 1 h | +4.2% | +0.0% | $454.2K | 2026-10-30 02:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | MSTR | 0.0004% | 1 h | +3.5% | −0.4% | $2.3M | 2026-10-30 02:00 |
| [Extended](https://afterfees.xyz/venues/extended) | MSTR_24_5-USD | 0.0004% | 1 h | +3.5% | −1.3% | $491.1K | 2026-10-30 02:00 |
| [QFEX](https://afterfees.xyz/venues/qfex) | MSTR-USD | 0.0004% | 1 h | +3.5% | — | $2.4M | 2026-10-30 01:59 |
| [Phemex](https://afterfees.xyz/venues/phemex) | MSTRUSDT | 0.0000% | 4 h | 0.0% | — | $1.4M | 2026-10-30 04:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | MSTRUSDT | 0.0000% | 8 h | 0.0% | +3.9% | $39.2M | 2026-10-30 08:00 |
| [Gate](https://afterfees.xyz/venues/gate) | MSTR_USDT | 0.0000% | 8 h | 0.0% | −0.0% | $14.5M | 2026-10-30 08:00 |

## Cost to enter $10,000 of MSTR

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | MSTRSTOCK_USDT | 2.4 bp | order-book snapshot, 48 min old |
| Extended | MSTR_24_5-USD | 3.1 bp | order-book snapshot, 13 min old |
| OKX | MSTR-USDT-SWAP | 5.7 bp * | order-book snapshot, 57 min old |
| Bybit | MSTRUSDT | 5.7 bp | order-book snapshot, 55 min old |
| Aster | MSTRUSDT | 5.9 bp | order-book snapshot, 26 min old |
| BingX | NCSKMSTR2USD-USDT | 6.2 bp | order-book snapshot, 45 min old |
| Binance | MSTRUSDT | 6.3 bp * | order-book snapshot, 59 min old |
| Bitget | MSTRUSDT | 7.8 bp | order-book snapshot, 51 min old |
| Nado | MSTR-PERP_USDT0 | 25.3 bp | order-book snapshot, 15 min old |
| Lighter | MSTR | 1.9 bp | top of book only |
| Variational | MSTR-PERP | 3.2 bp | top of book only |
| GRVT | MSTR_USDT_Perp | 5.6 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?**

Crypto.com at +66.4% a year (0.0076% every 1 h); the lowest is Gate at 0.0%. 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._