Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.030%
Price spread now: Orderly against Binance+0.049%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Orderly is 0.049% dearer against Binance than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 163.65 | 0.0160 | pay 0.0160% / 8h | 2h 55m | $85.8M | $619.3M | 50x |
| Short | Orderly PERP_MSTR_USDC_mythos | 163.73 | 0.0100 | get 0.0100% / 8h | 2h 55m | $4K | $8K | 10x |
Binance MSTRUSDT
Orderly PERP_MSTR_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$12.61
- Price spread: +0.049% → 0.000%
- $4.89
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$23.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
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, 3 min ago | 0.31 bp | 5.9 bp −$6 | 9.4 bp −$94 | 27.5 bp −$2,749 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0986% | 8h | 163.83 | +0.110% | $27.0M | $116.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.68 | +0.015% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.72 | +0.043% | $4.6M | $19.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.00 | +0.214% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.44 | −0.125% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.477% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.75 | +0.061% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.43 | −0.134% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.64 | −0.006% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.72 | +0.043% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster 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-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MSTR-USDT-SWAP | +0.0050% | 8h | 163.63 | −0.012% | $20.7M | $99.0M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.65 | 0.000% | $817K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.65 | 0.000% | $1.4M | $7.2M | 10x | as long as short |
| Lighter MSTR | +0.0056% | 1h | 163.59 | −0.037% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0085% | 8h | 163.59 | −0.037% | $65 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.63 | −0.012% | $265K | $446K | 10x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 163.78 | +0.080% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.65 | +0.001% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.58 | −0.043% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.44 | −0.128% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.0100% | 8h | 163.73 | +0.049% | $4K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.75 | +0.060% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0148% | 8h | 163.74 | +0.054% | $83K | $824K | 10x | as long as short |
| Binance MSTRUSDTlong | +0.0160% | 8h | 163.65 | long leg | $85.8M | $619.3M | 50x | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.049% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0248% | 4h | 163.64 | −0.008% | $48K | $5.4M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0278% | 8h | 163.79 | +0.086% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0288% | 1h | 163.61 | −0.022% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0290% | 1h | 163.66 | +0.006% | $54.5M | $37.1M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0319% | 8h | 163.75 | +0.061% | $16.6M | $41.2M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.63 | −0.015% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0850% | 1h | 163.78 | +0.079% | $279K | $438K | 10x | as long as short |
OKX MSTR-USDT-SWAP
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
RISEx MSTR/USDC
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
BloFin MSTR-USDT
Nado MSTR-PERP
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL