MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.41 per $10,000 · paid last 24h −0.076%

Price spread now: Bitget against BloFin−0.030%115s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as 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−$340.341% of the position

Long on BloFin Short on Bitget

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)+0.064%+$6 · spread now −0.030%, 7d avg +0.003%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.032% cheaper against BloFin than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.003%). If the spread goes back, that is −$3 on $10k: about 2.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.296%, so the current rate has only just turned in your favour. The two prices were read 115 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	BloFin MSTR-USDT	169.20	−0.0006	get 0.0006% / 8h	1h 35m	$1.1M	$1.8M	20x
Short	Bitget MSTRUSDT	169.15	0.0035	get 0.0035% / 8h	1h 35m	$28.9M	$119.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.030%Rate

Funding earned: $8.6
Price spread: −0.030% → +0.003%: −$3.22
Slippage, 4 orders: −$10.08
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.71
Costs to cover: 0.341%
Break-even: 30.4 days

Slippage from BloFin: live order book, 2 min ago; Bitget: live order book, 4 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 BloFin live order book, 2 min ago	0.30 bp	7.8 bp −$8	10.5 bp −$105	23.3 bp −$2,330	doesn't fit
Sell Bitget live order book, 4 min ago	0.29 bp	10.3 bp −$10	13.6 bp −$136	31.6 bp −$3,157	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	−0.0104%	1h	169.07	−0.078%	$139K	$97K	3x	as long as short
BloFin MSTR-USDTlong	−0.0006%	8h	169.20	long leg	$1.1M	$1.8M	20x
Aster MSTRUSDT	0.0000%	8h	169.16	−0.023%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.10	−0.057%	$88.3M	$628.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.11	−0.053%	$22.0M	$106.7M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.10	−0.059%	$275K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.07	−0.077%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.07	−0.079%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.23	+0.019%	$74K	$925K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.01	−0.112%	$2.9M	$61K	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	169.01	−0.112%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.95	−0.148%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDTshort	+0.0035%	8h	169.15	−0.030%	$28.9M	$119.6M	25x
QFEX MSTR-USD	+0.0042%	1h	169.05	−0.089%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.18	−0.012%	—	$2.1M	25x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0046%	1h	169.03	−0.100%	$287K	$439K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.99	−0.124%	$403K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.01	−0.112%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.02	−0.106%	$740K	$5.2M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.93	−0.160%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0059%	1h	169.06	−0.083%	$56.9M	$37.9M	10x	as long as short
Bybit MSTRUSDT	+0.0062%	8h	169.15	−0.030%	$15.2M	$40.8M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0072%	8h	169.01	−0.112%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.02	−0.108%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.06	−0.083%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.32	+0.071%	$4K	$552K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.12	−0.047%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.12	−0.047%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.22	+0.011%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	+0.053%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.17	−0.018%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0995%	4h	169.24	+0.021%	$48K	$5.4M	10x	as long as short