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+0.00%Binance → Variational · Perp–Perp

Best perp–perp spread+0.16%Binance → Variational

Markets tracked88 venues · 8 perp · 0 spot · 0 DEX

Price range0.20%$150.82 – $151.11

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart

No venue pairs for this coin in this mode right now.

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

BitgetPerpetual · MSTRUSDTPerpetual $150.86$150.88$150.87+0.02% +0.088%$75.57M

OKXPerpetual · MSTR-USDT-SWAPPerpetual $150.83$150.84$150.84-0.01% +0.031%$48.18M

BybitPerpetual · MSTRUSDTPerpetual $150.83$150.86$150.850.00% +0.108%$32.53M

GatePerpetual · MSTR_USDTPerpetual $150.95$150.96$150.95+0.07% +0.014%$8.57M

KuCoinPerpetual · MSTRUSDTMPerpetual $150.81$150.88$150.85-0.00% +0.085%$2.07M

VariationalPerpetual · MSTRPerpetual $151.06$151.16$151.11+0.18% +0.014%$1.31M

BinancePerpetual · MSTRUSDTPerpetual $150.81$150.82$150.82-0.02% +0.040%—

AsterPerpetual · MSTRUSDTPerpetual $150.81$150.86$150.84-0.01% +0.042%—

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 Binance perp at $150.82 and the highest bid on Variational perp at $151.06.

The widest MSTR perpetual spread is between Binance and Variational: long MSTR on Binance at $150.82 and short on Variational at $151.06 for +0.16% gross, or +0.00% 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 -0.026% 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.

Is there a MSTR arbitrage opportunity right now?

The best MSTR route right now is to buy on Binance → sell on Variational (Perp–Perp): +0.16% gross and +0.00% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest MSTR?

Binance (perp) has the lowest MSTR ask at $150.82, and Variational (perp) the highest bid at $151.06. 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 (Binance now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

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