MSTR funding rates and arbitrage
Updated 2026-11-11 22:51 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 |
|---|---|---|---|---|---|---|---|
| Lighter | MSTR | 0.0017% | 1 h | +14.9% | +10.0% | $1.3M | 2026-11-11 23:00 |
| Pacifica | MSTR | 0.0013% | 1 h | +10.9% | +5.3% | $161K | 2026-11-11 23:00 |
| Bulk | MSTR-USD | 0.0013% | 1 h | +10.9% | — | $43.8K | 2026-11-11 23:00 |
| WhiteBIT | MSTR_PERP | 0.0100% | 8 h | +10.9% | +11.6% | $9.7M | 2026-11-12 00:00 |
| ApeX | MSTR-USDT | 0.0013% | 1 h | +10.9% | +8.7% | $79.4K | 2026-11-11 23:00 |
| TXFlow | MSTR-USDC | 0.0013% | 1 h | +10.9% | — | $38.4K | 2026-11-11 23:00 |
| Hyperliquid | xyz:MSTR | 0.0012% | 1 h | +10.8% | +5.7% | $38.5M | 2026-11-11 23:00 |
| Paradex | MSTR-USD-PERP | 0.0093% | 8 h | +10.2% | — | $526 | 2026-11-12 00:00 |
| Phoenix | MSTR | 0.0007% | 1 h | +5.8% | +11.0% | — | 2026-11-11 23:00 |
| Ondo Perps | MSTR-USD.P | 0.0006% | 1 h | +5.5% | — | $867.3K | 2026-11-11 23:00 |
| PopDEX | MSTRUSDT | 0.0006% | 1 h | +5.5% | −1.4% | — | 2026-11-11 23:00 |
| BingX | NCSKMSTR2USD-USDT | 0.0050% | 8 h | +5.5% | +15.6% | $911.3K | 2026-11-12 00:00 |
| Arcus | MSTR-USD | 0.0005% | 1 h | +4.4% | +13.2% | $188.2K | 2026-11-11 23:00 |
| Extended | MSTR_24_5-USD | 0.0004% | 1 h | +3.5% | +1.4% | $344.6K | 2026-11-11 23:00 |
| Bitunix | MSTRUSDT | 0.0019% | 8 h | +2.1% | +2.4% | — | 2026-11-12 00:00 |
| Nado | MSTR-PERP_USDT0 | 0.0002% | 1 h | +1.3% | +6.9% | $69.3K | 2026-11-11 23:00 |
| Bybit | MSTRUSDT | 0.0000% | 8 h | 0.0% | −6.2% | $24.2M | 2026-11-12 00:00 |
| KuCoin | MSTRUSDTM | 0.0000% | 8 h | 0.0% | +4.6% | $3M | 2026-11-12 00:00 |
| Phemex | MSTRUSDT | 0.0000% | 4 h | 0.0% | — | $1.3M | 2026-11-12 00:00 |
| MEXC | MSTRSTOCK_USDT | 0.0000% | 8 h | 0.0% | +1.4% | $21.7M | 2026-11-12 00:00 |
| Bitget | MSTRUSDT | 0.0000% | 8 h | 0.0% | +12.2% | $28.6M | 2026-11-12 00:00 |
| OKX | MSTR-USDT-SWAP | 0.0000% | 8 h | 0.0% | −1.9% | $19.6M | 2026-11-12 00:00 |
| LBank | MSTRUSDT | 0.0000% | 8 h | 0.0% | +9.9% | — | 2026-11-12 00:00 |
| GRVT | MSTR_USDT_Perp | 0.0000% | 8 h | 0.0% | +7.2% | $102.9K | 2026-11-12 00:00 |
| Binance | MSTRUSDT | 0.0000% | 8 h | 0.0% | +1.3% | $76.2M | 2026-11-12 00:00 |
| Aster | MSTRUSDT | 0.0000% | 8 h | 0.0% | −3.0% | $965.4K | 2026-11-12 00:00 |
| Gate | MSTR_USDT | 0.0000% | 8 h | 0.0% | +0.4% | $15.9M | 2026-11-12 00:00 |
| Variational | MSTR-PERP | 0.0000% | 8 h | 0.0% | 0.0% | $1.5M | 2026-11-12 00:00 |
| RISEx | MSTR/USDC | -0.0002% | 1 h | −1.9% | — | $297.7K | 2026-11-11 23:00 |
| Crypto.com | MSTRUSD-PERP | -0.0011% | 1 h | −9.9% | −36.2% | $31.9K | 2026-11-11 23:00 |
| QFEX | MSTR-USD | -0.0020% | 1 h | −17.5% | — | $1.3M | 2026-11-11 22:59 |
Cost to enter $10,000 of MSTR
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Aster | MSTRUSDT | 3.3 bp | order-book snapshot, 53 min old |
| Extended | MSTR_24_5-USD | 4.8 bp | order-book snapshot, 37 min old |
| BingX | NCSKMSTR2USD-USDT | 5.8 bp | order-book snapshot, 8 min old |
| Bitunix | MSTRUSDT | 6.4 bp * | order-book snapshot, 43 min old |
| Binance | MSTRUSDT | 6.5 bp * | order-book snapshot, 21 min old |
| LBank | MSTRUSDT | 7.0 bp | order-book snapshot, 48 min old |
| GRVT | MSTR_USDT_Perp | 7.7 bp | order-book snapshot, 56 min old |
| Bitget | MSTRUSDT | 9.3 bp | order-book snapshot, 14 min old |
| Hyperliquid | xyz:MSTR | 9.6 bp | order-book snapshot, 5 min old |
| OKX | MSTR-USDT-SWAP | 9.7 bp * | order-book snapshot, 19 min old |
| Bybit | MSTRUSDT | 11.4 bp | order-book snapshot, 17 min old |
| Pacifica | MSTR | 13.1 bp | order-book snapshot, 44 min old |
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?
Lighter at +14.9% a year (0.0017% every 1 h); the lowest is QFEX at −17.5%. 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.