MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.7% APRnext payment −$1.52 per $10,000 · paid last 24h −0.024%

Price spread now: Gate against Binance+0.146%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$19 on $10k

Price spread, last 7 days−0.135%−$13 · spread now +0.146%, 7d avg −0.015%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.161% dearer against Binance than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of −0.015%): +$16 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.195%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	164.49	0.0152	pay 0.0152% / 8h	4h 02m	$86.9M	$615.6M	50x
Short	Gate MSTR_USDT	164.73	0	get 0.0000% / 8h	4h 02m	$4.6M	$18.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.146%Rate

Funding earned: −$31.99
Price spread: +0.146% → −0.015%: $16.09
Slippage, 4 orders: −$13.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.02
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Gate: live order book, 1 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, 11 min ago	0.30 bp	6.1 bp −$6	9.6 bp −$96	26.2 bp −$2,623	101.4 bp −$50.7K
Sell Gate live order book, 1 min ago	1.52 bp	13.9 bp −$14	29.7 bp −$297	doesn't fit	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	−0.0933%	8h	164.62	+0.079%	$27.9M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.55	+0.035%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	164.73	+0.146%	$4.6M	$18.9M	50x
Phemex MSTRUSDT	0.0000%	4h	164.52	+0.018%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0020%	8h	164.50	+0.006%	$20.6M	$99.4M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.45	−0.024%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.37	−0.076%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.949%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.56	+0.043%	$267K	$445K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.52	+0.018%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.34	−0.091%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.45	−0.024%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.48	−0.006%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.33	−0.097%	$851K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.49	0.000%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0089%	8h	164.36	−0.081%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.46	−0.018%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.41	−0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−0.152%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.53	+0.024%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.52	+0.018%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.47	−0.014%	$66	—	5x	as long as short
Binance MSTRUSDTlong	+0.0152%	8h	164.49	long leg	$86.9M	$615.6M	50x
GRVT MSTR_USDT_Perp	+0.0162%	8h	164.48	−0.005%	$82K	$792K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.225%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.33	−0.095%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0234%	1h	164.46	−0.018%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0242%	1h	164.30	−0.117%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0271%	8h	164.55	+0.036%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0348%	8h	164.51	+0.012%	$16.9M	$40.8M	50x	as long as short
edgeX MSTRUSDC	+0.0855%	4h	164.38	−0.068%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0967%	1h	164.57	+0.049%	$280K	$438K	10x	as long as short