ArbiLayer

MSTR arbitrage

live

Live Strategy Inc. • Robinhood Token price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.05%Variational → Bitget · Perp–Perp
Best perp–perp spread+0.11%Variational → Bitget
Markets tracked88 venues · 8 perp · 0 spot · 0 DEX
Price range0.15%$153.46 – $153.69

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$153.51Bitget logoBitget$153.68 +0.11%-0.05% +0.11%— -0.013%— LS Chart →
Variational logoVariational$153.51Bybit logoBybit$153.66 +0.10%-0.06% +0.13%— +0.081%— LS Chart →
Variational logoVariational$153.51Gate logoGate$153.66 +0.10%-0.06% +0.09%— -0.023%— LS Chart →
Variational logoVariational$153.51KuCoin logoKuCoin$153.65 +0.09%-0.07% +0.11%— +0.057%— LS Chart →
Variational logoVariational$153.51Binance logoBinance$153.63 +0.08%-0.08% +0.09%— +0.021%— LS Chart →
Variational logoVariational$153.51OKX logoOKX$153.63 +0.08%-0.08% +0.08%— +0.009%— LS Chart →
Variational logoVariational$153.51Aster logoAster$153.62 +0.07%-0.09% +0.08%— +0.023%— LS Chart →
Binance logoBinance$153.64Bitget logoBitget$153.68 +0.03%-0.13% +0.01%— -0.035%— LS Chart →
OKX logoOKX$153.64Bitget logoBitget$153.68 +0.03%-0.13% +0.02%— -0.022%— LS Chart →
Binance logoBinance$153.64Bybit logoBybit$153.66 +0.01%-0.15% +0.03%— +0.060%— LS Chart →
Binance logoBinance$153.64Gate logoGate$153.66 +0.01%-0.15% -0.00%— -0.045%— LS Chart →
OKX logoOKX$153.64Bybit logoBybit$153.66 +0.01%-0.15% +0.04%— +0.072%— LS Chart →
OKX logoOKX$153.64Gate logoGate$153.66 +0.01%-0.15% +0.00%— -0.032%— LS Chart →
Binance logoBinance$153.64KuCoin logoKuCoin$153.65 +0.01%-0.15% +0.02%— +0.035%— LS Chart →
OKX logoOKX$153.64KuCoin logoKuCoin$153.65 +0.01%-0.15% +0.02%— +0.048%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

MSTR price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bitget logoBitgetPerpetual · MSTRUSDTPerpetual $153.68$153.69$153.69+0.02% +0.017%$74.12M
OKX logoOKXPerpetual · MSTR-USDT-SWAPPerpetual $153.63$153.64$153.64-0.01% +0.039%$47.82M
Bybit logoBybitPerpetual · MSTRUSDTPerpetual $153.66$153.68$153.67+0.01% +0.111%$32.08M
Gate logoGatePerpetual · MSTR_USDTPerpetual $153.66$153.69$153.68+0.01% +0.007%$8.50M
KuCoin logoKuCoinPerpetual · MSTRUSDTMPerpetual $153.65$153.68$153.67+0.01% +0.087%$2.06M
Variational logoVariationalPerpetual · MSTRPerpetual $153.41$153.51$153.46-0.13% +0.030%$1.16M
Binance logoBinancePerpetual · MSTRUSDTPerpetual $153.63$153.64$153.64-0.01% +0.052%—
Aster logoAsterPerpetual · MSTRUSDTPerpetual $153.62$153.67$153.64-0.01% +0.053%—
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

MSTR arbitrage explained

Right now Strategy Inc. • Robinhood Token (MSTR) trades on 8 venues we scan: 8 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $153.51 and the highest bid on Bitget perp at $153.68.

The widest MSTR perpetual spread is between Variational and Bitget: long MSTR on Variational at $153.51 and short on Bitget at $153.68 for +0.11% gross, or -0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.013% per day, which the position pays while it is open.

Small MSTR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: MSTR funding rates · MSTR spread charts · Strategy Inc. • Robinhood Token price · arbitrage scanner for all coins.

Is there a MSTR arbitrage opportunity right now?

The best MSTR route right now is to buy on Variational → sell on Bitget (Perp–Perp): +0.11% gross and -0.05% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest MSTR?

Variational (perp) has the lowest MSTR ask at $153.51, and Bitget (perp) the highest bid at $153.68. Prices update every 15 seconds on this page.

How many exchanges list MSTR?

ArbiLayer tracks 8 MSTR markets on 8 venues: 8 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage MSTR without transferring coins?

Use two perpetual contracts: go long MSTR on the cheaper exchange (Variational now) and short it on the more expensive one (Bitget), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +17.18%BLAST +14.17%POWER +13.88%AIN +12.83%ESPORTS +8.26%OPENAI +6.39%ONE +5.85%H100 +5.51%ANTHROPIC +3.37%EGLD +3.25%AI +3.04%GAIA +3.00%OURA +2.94%SWARM +2.90%SPCX +2.80%COOL +2.65%ZIL +2.63%BAY +2.40%