MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.76 per $10,000 · paid last 24h +0.076%

Price spread now: BloFin against Bitget+0.024%55s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as 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−$370.372% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.024%, 7d avg −0.004%

Together, before fees+0.207%+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.027% dearer against Bitget than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.004%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 hours. Mind the row above: over the last 7 days funding on this pair paid +0.296%, so the current rate has only just turned against you. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSTRUSDT	169.25	0.0070	pay 0.0070% / 8h	2h 30m	$28.8M	$119.7M	25x
Short	BloFin MSTR-USDT	169.29	−0.0006	pay 0.0006% / 8h	2h 30m	$1.1M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$16.01
Price spread: +0.024% → −0.004%: $2.74
Slippage, 4 orders: −$13.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$50.42
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago	0.59 bp	10.4 bp −$10	14.4 bp −$144	33.9 bp −$3,386	doesn't fit
Sell BloFin live order book, 3 min ago	1.48 bp	8.0 bp −$8	10.5 bp −$105	21.8 bp −$2,181	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
Nado MSTR-PERP	−0.0110%	1h	169.22	−0.020%	$139K	$101K	3x	as long as short
BloFin MSTR-USDTshort	−0.0006%	8h	169.29	+0.024%	$1.1M	$1.8M	20x
Aster MSTRUSDT	0.0000%	8h	169.31	+0.036%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.32	+0.041%	$88.7M	$629.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.27	+0.012%	$22.1M	$107.3M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.30	+0.030%	$296K	$436K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.25	0.000%	$4.8M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.30	+0.028%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.44	+0.112%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.29	+0.024%	$2.9M	$57K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.22	−0.018%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.20	−0.030%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.28	+0.018%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.38	+0.077%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.083%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	169.24	−0.006%	$56.6M	$38.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.28	+0.018%	$410K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.21	−0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.16	−0.053%	$737K	$5.0M	10x	as long as short
Bitget MSTRUSDTlong	+0.0070%	8h	169.25	long leg	$28.8M	$119.7M	25x
Paradex MSTR-USD-PERP	+0.0071%	8h	169.25	+0.002%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0090%	8h	169.25	0.000%	$15.2M	$41.1M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.25	0.000%	$103K	$137K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.20	−0.030%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.32	+0.041%	$4K	$981K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.33	+0.047%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.33	+0.050%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.29	+0.025%	$57K	$396K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.34	+0.053%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.10	−0.089%	$13K	$22K	30x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0459%	1h	169.37	+0.071%	$288K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0678%	4h	169.31	+0.035%	$49K	$5.4M	10x	as long as short