MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1078%/8h= +118.0% APRnext payment +$10.78 per $10,000 · paid last 24h +0.015%

Price spread now: OKX against Bitget−0.098%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.098%, 7d avg −0.007%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.091% cheaper against Bitget than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.007%). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.087% in total) that is about 7.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.78 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	162.82	−0.0936	get 0.0936% / 8h	1h 36m	$28.6M	$118.9M	25x
Short	OKX MSTR-USDT-SWAP	162.66	0.0142	get 0.0142% / 8h	1h 36m	$20.7M	$100.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.098%Rate

Funding earned: $226.31
Price spread: −0.098% → −0.007%: −$9.12
Slippage, 4 orders: −$8.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $186.68
Costs to cover: 0.305%
Break-even: 1.2 days

Slippage from Bitget: live order book, 3 min ago; OKX: 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, 3 min ago	0.31 bp	9.0 bp −$9	13.1 bp −$131	24.3 bp −$2,427	doesn't fit
Sell OKX live order book, 3 min ago	0.31 bp	6.8 bp −$7	13.4 bp −$134	61.7 bp −$6,172	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
Bitget MSTRUSDTlong	−0.0936%	8h	162.82	long leg	$28.6M	$118.9M	25x
Gate MSTR_USDT	0.0000%	8h	162.69	−0.080%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.36	+0.332%	$2.8M	$78K	10x	as long as short
edgeX MSTRUSDC	+0.0016%	4h	162.56	−0.162%	$45K	$5.4M	10x	as long as short
Aster MSTRUSDT	+0.0028%	8h	162.60	−0.133%	$1.7M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.34	−0.295%	$505K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.004%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.75	−0.043%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.19	−0.387%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.48	−0.209%	$376K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	162.56	−0.160%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.45	−0.227%	$852K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.53	−0.178%	$1.3M	$7.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.57	−0.154%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.54	−0.172%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.65	−0.104%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.58	−0.147%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.58	−0.147%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAPshort	+0.0142%	8h	162.66	−0.098%	$20.7M	$100.1M	50x
Variational Omni MSTR	+0.0144%	8h	162.76	−0.039%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0152%	1h	162.56	−0.160%	$3.5M	$2.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.798%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0156%	8h	162.53	−0.178%	$65	—	5x	as long as short
Binance MSTRUSDT	+0.0227%	8h	162.63	−0.117%	$83.6M	$627.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0235%	8h	162.80	−0.010%	$78K	$867K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0267%	1h	162.57	−0.154%	$53.9M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.62	−0.126%	$55K	$223K	10x	as long as short
Nado MSTR-PERP	+0.0344%	1h	162.39	−0.264%	$130K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0345%	8h	162.61	−0.129%	$1.0M	$2.1M	20x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.58	−0.149%	$261K	$436K	10x	as long as short
Bybit MSTRUSDT	+0.0383%	8h	162.64	−0.111%	$16.8M	$41.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0982%	1h	162.60	−0.135%	$277K	$437K	10x	as long as short