MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0277%/8h= −30.4% APRnext payment −$2.77 per $10,000 · paid last 24h −0.045%

Price spread now: Gate against BloFin+0.036%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.036%, 7d avg −0.014%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.050% dearer against BloFin than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.024% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.77 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	BloFin MSTR-USDT	164.69	0.0277	pay 0.0277% / 8h	3h 57m	$1.0M	$2.0M	20x
Short	Gate MSTR_USDT	164.75	0	get 0.0000% / 8h	3h 57m	$4.6M	$18.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$58.23
Price spread: +0.036% → −0.014%: $5
Slippage, 4 orders: −$13.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.94
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Gate: live order book, 2 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, 6 min ago	0.61 bp	6.8 bp −$7	10.6 bp −$106	20.5 bp −$2,049	doesn't fit
Sell Gate live order book, 2 min ago	1.52 bp	14.1 bp −$14	31.1 bp −$311	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
Bitget MSTRUSDT	−0.0906%	8h	164.79	+0.061%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.62	−0.045%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	164.75	+0.036%	$4.6M	$18.7M	50x
Phemex MSTRUSDT	0.0000%	4h	164.72	+0.018%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0024%	8h	164.72	+0.018%	$20.7M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.63	−0.036%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.56	−0.076%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.823%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.74	+0.030%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.66	−0.018%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.64	−0.030%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.66	−0.018%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.51	−0.109%	$859K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.71	+0.012%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0097%	8h	164.61	−0.051%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.68	−0.004%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.62	−0.043%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	−0.043%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.67	−0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.71	+0.011%	$137	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0128%	1h	164.64	−0.030%	$54.8M	$37.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.70	+0.007%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.70	+0.006%	$87.0M	$615.6M	50x	as long as short
edgeX MSTRUSDC	+0.0159%	4h	164.73	+0.027%	$49K	$5.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.346%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0179%	8h	164.77	+0.051%	$82K	$792K	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.76	+0.041%	$56K	$226K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.74	+0.030%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0231%	1h	164.60	−0.054%	$122K	$148K	3x	as long as short
BloFin MSTR-USDTlong	+0.0277%	8h	164.69	long leg	$1.0M	$2.0M	20x
Bybit MSTRUSDT	+0.0345%	8h	164.74	+0.030%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0661%	1h	164.72	+0.018%	$280K	$438K	10x	as long as short