MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1358%/8h= +148.7% APRnext payment +$13.58 per $10,000 · paid last 24h +0.025%

Price spread now: Binance against Bitget−0.048%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.048%, 7d avg +0.016%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.064% cheaper against Bitget than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.016%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.065% in total) that is about 6.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSTRUSDT	164.53	−0.1273	get 0.1273% / 8h	5h 43m	$27.6M	$114.5M	25x
Short	Binance MSTRUSDT	164.45	0.0085	get 0.0085% / 8h	5h 43m	$88.0M	$619.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.048%Rate

Funding earned: $285.13
Price spread: −0.048% → +0.016%: −$6.35
Slippage, 4 orders: −$5.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $251.67
Costs to cover: 0.271%
Break-even: 0.8 days

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 15 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 Bitget live order book, 5 min ago	0.30 bp	6.9 bp −$7	8.4 bp −$84	24.8 bp −$2,476	doesn't fit
Sell Binance live order book, 15 min ago	0.30 bp	5.7 bp −$6	9.9 bp −$99	30.0 bp −$2,996	72.9 bp −$36.4K

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 MSTRUSDTlong	−0.1273%	8h	164.53	long leg	$27.6M	$114.5M	25x
Aster MSTRUSDT	0.0000%	8h	164.24	−0.176%	$1.7M	$8.3M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.47	−0.036%	$20.9M	$99.2M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.44	−0.055%	$4.6M	$18.4M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.28	−0.152%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0013%	8h	164.02	−0.312%	$1.2M	$2.0M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.23	−0.182%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.24	−0.176%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.923%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.20	−0.201%	$26K	$112K	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	164.06	−0.286%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.20	−0.201%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.25	−0.170%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.01	−0.316%	$878K	$4.2M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.31	−0.134%	$1.4M	$7.8M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0083%	1h	164.24	−0.176%	$54.9M	$36.6M	10x	as long as short
Binance MSTRUSDTshort	+0.0085%	8h	164.45	−0.048%	$88.0M	$619.1M	50x
Pacifica MSTR	+0.0100%	1h	164.30	−0.140%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.28	−0.152%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.09	−0.267%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.24	−0.176%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.25	−0.171%	$136	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0139%	8h	163.92	−0.371%	$77K	$763K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.29	−0.147%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.267%	$1.4M	$1.1M	10x	as long as short
BloFin MSTR-USDT	+0.0202%	8h	164.24	−0.176%	$1.0M	$1.9M	20x	as long as short
Nado MSTR-PERP	+0.0207%	1h	164.24	−0.174%	$122K	$149K	3x	as long as short
edgeX MSTRUSDC	+0.0289%	4h	164.05	−0.294%	$50K	$5.5M	10x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.34	−0.119%	$269K	$447K	10x	as long as short
Bybit MSTRUSDT	+0.0334%	8h	164.51	−0.012%	$17.1M	$40.7M	50x	as long as short
Phoenix MSTR	+0.0336%	1h	163.85	−0.410%	$55K	$227K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0907%	1h	164.34	−0.115%	$279K	$438K	10x	as long as short