MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1468%/8h= +160.7% APRnext payment +$14.68 per $10,000 · paid last 24h +0.007%

Price spread now: Bybit against Bitget−0.115%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.115%, 7d avg −0.010%

Together, before fees+0.188%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.105% cheaper against Bitget than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.010%). If the spread goes back, that is −$10 on $10k: about 6 hours of funding at the current rate (+$44 a day). At the pace of the last 7 days (+0.101% in total) that is about 7.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.68 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	164.85	−0.1111	get 0.1111% / 8h	6h 07m	$27.6M	$115.5M	25x
Short	Bybit MSTRUSDT	164.66	0.0357	get 0.0357% / 8h	6h 07m	$17.1M	$41.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.115%Rate

Funding earned: $308.24
Price spread: −0.115% → −0.010%: −$10.49
Slippage, 4 orders: −$10.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $264.32
Costs to cover: 0.334%
Break-even: 1.0 days

Slippage from Bitget: live order book, 1 min ago; Bybit: 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 Bitget live order book, 1 min ago	0.30 bp	8.3 bp −$8	14.0 bp −$140	29.3 bp −$2,932	doesn't fit
Sell Bybit live order book, 1 min ago	1.52 bp	8.7 bp −$9	15.3 bp −$153	117.2 bp −$11.7K	doesn't fit

MSTR on 31 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	−0.1111%	8h	164.85	long leg	$27.6M	$115.5M	25x
Gate MSTR_USDT	−0.0191%	8h	164.64	−0.127%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.53	−0.196%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.67	−0.109%	$20.8M	$100.3M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.46	−0.238%	$269K	$447K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.56	−0.176%	$2.8M	$69K	10x	as long as short
Variational Omni MSTR	+0.0007%	8h	164.71	−0.087%	$1.2M	$2.1M	—	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.51	−0.206%	$594K	$2.0M	10x	as long as short
Lighter MSTR	+0.0040%	1h	164.44	−0.249%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.70	−0.091%	$26K	$113K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.38	−0.285%	—	$1.8M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.48	−0.224%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.38	−0.285%	$911K	$4.4M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0058%	1h	164.38	−0.285%	$384K	$2.7M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.39	−0.279%	$1.4M	$8.1M	10x	as long as short
Binance MSTRUSDT	+0.0081%	8h	164.64	−0.125%	$87.7M	$623.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.42	−0.261%	$101K	$86K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.42	−0.261%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.67	−0.109%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.52	−0.200%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.51	−0.209%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0164%	8h	164.39	−0.280%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.43	−0.255%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0202%	1h	164.47	−0.231%	$55.1M	$36.6M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0208%	8h	164.88	+0.016%	$79K	$760K	10x	as long as short
edgeX MSTRUSDC	+0.0259%	4h	164.76	−0.053%	$50K	$5.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.724%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0347%	1h	164.21	−0.388%	$122K	$150K	3x	as long as short
Bybit MSTRUSDTshort	+0.0357%	8h	164.66	−0.115%	$17.1M	$41.1M	50x
Phoenix MSTR	+0.0381%	1h	164.86	+0.004%	$56K	$219K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0966%	1h	164.63	−0.133%	$280K	$438K	10x	as long as short