Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.034%
Price spread now: GRVT against Binance+0.024%99s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)−0.584%−$58 · spread now +0.024%, 7d avg +0.016%
=Together, before fees−0.658%+ Points / potential airdropGRVT: Active · farm board−$66 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 163.37 | 0.0273 | pay 0.0273% / 8h | 7h 59m | $84.1M | $620.6M | 50x |
| Short | GRVT MSTR_USDT_Perp | 163.41 | 0.0266 | get 0.0266% / 8h | 7h 59m | $82K | $859K | 10x |
Binance MSTRUSDT
GRVT MSTR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.4
- Price spread: +0.024% → +0.016%
- $0.74
- Slippage, 4 orders
- −$10.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$29.98
- Costs to cover
- 0.293%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; GRVT: live order book, 38 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, 14 min ago | 0.31 bp | 5.8 bp −$6 | 9.4 bp −$94 | 28.8 bp −$2,875 | doesn't fit |
| Sell GRVT live order book, 38 min ago | 0.92 bp | 9.9 bp −$10 | 14.2 bp −$142 | 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 | −0.0389% | 8h | 163.51 | +0.085% | $29.5M | $119.3M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.39 | +0.012% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.33 | −0.025% | $2.7M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.22 | −0.089% | $589K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.654% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.34 | −0.019% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.15 | −0.135% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.24 | −0.080% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.29 | −0.050% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.96 | −0.252% | $895K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0056% | 1h | 163.22 | −0.093% | $3.5M | $2.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.30 | −0.044% | $1.4M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0079% | 8h | 163.25 | −0.074% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.30 | −0.043% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.19 | −0.111% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.16 | −0.129% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.33 | −0.025% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.34 | −0.022% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0129% | 8h | 163.14 | −0.144% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.460% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0157% | 1h | 163.06 | −0.189% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0202% | 8h | 163.25 | −0.072% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0204% | 8h | 163.40 | +0.018% | $20.8M | $100.0M | 50x | as long as short |
| GRVT MSTR_USDT_Perpshort | +0.0266% | 8h | 163.41 | +0.024% | $82K | $859K | 10x | |
| Binance MSTRUSDTlong | +0.0273% | 8h | 163.37 | long leg | $84.1M | $620.6M | 50x | |
| Phoenix MSTR | +0.0357% | 1h | 163.27 | −0.063% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0393% | 8h | 163.29 | −0.050% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0394% | 1h | 163.35 | −0.013% | $54.0M | $37.7M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0396% | 8h | 163.36 | −0.007% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.25 | −0.076% | $268K | $418K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0915% | 1h | 163.32 | −0.031% | $278K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0963% | 4h | 163.30 | −0.042% | $46K | $5.4M | 10x | as long as short |
Lighter MSTR
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
Phoenix MSTR
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC