Funding you earn now, next payment 00:00 UTC−0.0126%/8h= −13.8% APRnext payment −$1.26 per $10,000 · paid last 24h +0.078%
Price spread now: Gate against Bitget+0.024%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.024%, 7d avg +0.001%
=The price spread pays, funding is against you. Gate is 0.022% dearer against Bitget than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of +0.001%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.263%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSTRUSDT | 169.53 | 0.0126 | pay 0.0126% / 8h | 2h 57m | $28.9M | $119.5M | 25x |
| Short | Gate MSTR_USDT | 169.57 | 0 | get 0.0000% / 8h | 2h 57m | $4.8M | $19.3M | 50x |
Bitget MSTRUSDT
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$26.46
- Price spread: +0.024% → +0.001%
- $2.21
- Slippage, 4 orders
- −$23.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$74.92
- Costs to cover
- 0.507%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Gate: 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 | 0.29 bp | 9.3 bp −$9 | 13.6 bp −$136 | 25.9 bp −$2,592 | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.95 bp | 18.9 bp −$19 | 28.0 bp −$280 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0036% | 1h | 169.80 | +0.159% | $140K | $107K | 3x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.85 | +0.187% | $300K | $469K | 10x | as long as short |
| Gate MSTR_USDTshort | 0.0000% | 8h | 169.57 | +0.024% | $4.8M | $19.3M | 50x | |
| Variational Omni MSTR | 0.0000% | 8h | 170.02 | +0.288% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.61 | +0.047% | $2.9M | $55K | 10x | as long as short |
| Aster MSTRUSDT | +0.0007% | 8h | 169.66 | +0.074% | $1.3M | $6.2M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0014% | 8h | 169.81 | +0.163% | $78K | $969K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 169.46 | −0.041% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.62 | +0.054% | $588K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0039% | 1h | 169.81 | +0.165% | $1.5M | $10.2M | 10x | as long as short |
Nado MSTR-PERP
RISEx MSTR/USDC
Variational Omni MSTR
Phemex MSTRUSDT
Aster MSTRUSDT
GRVT MSTR_USDT_Perp
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MSTR-USDT-SWAP | +0.0041% | 8h | 169.49 | −0.024% | $22.2M | $108.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0048% | 1h | 169.74 | +0.124% | $1.5M | $1.1M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0049% | 1h | 170.08 | +0.324% | — | $2.1M | 25x | as long as short |
| tradeXYZ xyz:MSTR | +0.0050% | 1h | 169.49 | −0.024% | $57.0M | $38.6M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.79 | +0.153% | $414K | $2.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.64 | +0.065% | $45K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.41 | −0.071% | $795K | $5.0M | 10x | as long as short |
| Binance MSTRUSDT | +0.0061% | 8h | 169.53 | −0.001% | $89.1M | $629.3M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0076% | 8h | 169.42 | −0.064% | $68 | — | 5x | as long as short |
| BloFin MSTR-USDT | +0.0082% | 8h | 170.00 | +0.277% | $1.1M | $1.7M | 20x | as long as short |
| Phoenix MSTR | +0.0090% | 1h | 169.78 | +0.146% | $57K | $389K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.52 | −0.006% | $104K | $154K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.53 | 0.000% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.72 | +0.112% | $4K | $1.3M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.81 | +0.165% | $3K | $12K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0104% | 1h | 169.75 | +0.130% | $289K | $439K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.80 | +0.158% | $141 | — | 10x | as long as short |
| Bitget MSTRUSDTlong | +0.0126% | 8h | 169.53 | long leg | $28.9M | $119.5M | 25x | |
| Bybit MSTRUSDT | +0.0157% | 8h | 169.51 | −0.012% | $15.3M | $41.7M | 50x | as long as short |
| Arcus MSTR-USD | +0.0432% | 1h | 169.89 | +0.212% | $27K | $134K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 169.57 | +0.024% | $13K | $22K | 30x | as long as short |
| edgeX MSTRUSDC | +0.0934% | 4h | 169.81 | +0.162% | $50K | $5.4M | 10x | as long as short |
OKX MSTR-USDT-SWAP
Coinbase International MSTR-PERP-INTX
Vest MSTR-USD-PERP
tradeXYZ xyz:MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Binance MSTRUSDT
Paradex MSTR-USD-PERP
BloFin MSTR-USDT
Phoenix MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Deribit MSTR_USDC-PERPETUAL
Aevo MSTR-PERP
Bybit MSTRUSDT
Arcus MSTR-USD
Injective MSTR/USDC PERP
edgeX MSTRUSDC