MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.022%

Price spread now: BloFin against Binance+0.074%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.074%, 7d avg +0.016%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.058% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	162.83	0.0230	pay 0.0230% / 8h	1h 33m	$83.7M	$627.4M	50x
Short	BloFin MSTR-USDT	162.95	0.0350	get 0.0350% / 8h	1h 33m	$1.0M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now +0.074%Rate

Funding earned: $25.2
Price spread: +0.074% → +0.016%: $5.75
Slippage, 4 orders: −$6.66
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.29
Costs to cover: 0.287%
Break-even: 6.4 days

Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	0.31 bp	6.0 bp −$6	7.6 bp −$76	25.7 bp −$2,575	doesn't fit
Sell BloFin live order book, 5 min ago	0.62 bp	9.5 bp −$9	12.7 bp −$127	26.5 bp −$2,649	doesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	−0.0953%	8h	163.04	+0.129%	$28.7M	$118.8M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.90	+0.043%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.91	+0.049%	$2.7M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0031%	8h	162.83	−0.001%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.69	−0.089%	$508K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.998%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.71	−0.074%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.38	−0.276%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.75	−0.049%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.70	−0.080%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.45	−0.233%	$852K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.78	−0.031%	$1.3M	$7.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.76	−0.043%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.71	−0.074%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.41	−0.258%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.83	0.000%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.84	+0.008%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0143%	8h	162.86	+0.018%	$20.7M	$100.2M	50x	as long as short
Variational Omni MSTR	+0.0149%	8h	162.56	−0.168%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.805%	$1.4M	$1.1M	10x	as long as short
Lighter MSTR	+0.0160%	1h	162.72	−0.068%	$3.5M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0161%	8h	162.74	−0.054%	$65	—	5x	as long as short
Binance MSTRUSDTlong	+0.0230%	8h	162.83	long leg	$83.7M	$627.4M	50x
GRVT MSTR_USDT_Perp	+0.0238%	8h	162.63	−0.126%	$83K	$878K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0287%	1h	162.78	−0.031%	$54.0M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.69	−0.088%	$55K	$223K	10x	as long as short
BloFin MSTR-USDTshort	+0.0350%	8h	162.95	+0.074%	$1.0M	$2.1M	20x
Nado MSTR-PERP	+0.0353%	1h	162.49	−0.209%	$130K	$157K	3x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.79	−0.024%	$262K	$436K	10x	as long as short
Bybit MSTRUSDT	+0.0384%	8h	162.86	+0.018%	$16.8M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0711%	4h	162.63	−0.124%	$45K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1103%	1h	162.84	+0.006%	$277K	$437K	10x	as long as short