MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.85 per $10,000 · paid last 24h −0.080%

Price spread now: GRVT against BloFin+0.133%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.313%−$31 on $10k

Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.133%, 7d avg −0.001%

Together, before fees−0.413%+ Points / potential airdropGRVT: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.133% dearer against BloFin than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.001%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	168.71	0.0085	pay 0.0085% / 8h	7h 37m	$1.1M	$1.9M	20x
Short	GRVT MSTR_USDT_Perp	168.93	0	get 0.0000% / 8h	7h 37m	$85K	$860K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$17.88
Price spread: +0.133% → −0.001%: $13.34
Slippage, 4 orders: −$12.47
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$38
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; GRVT: live order book, 35 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, 5 min ago	0.30 bp	7.6 bp −$8	10.6 bp −$106	25.9 bp −$2,593	doesn't fit
Sell GRVT live order book, 35 min ago	0.89 bp	9.5 bp −$9	14.8 bp −$148	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	−0.0076%	1h	168.45	−0.155%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.61	−0.061%	$1.2M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	168.62	−0.053%	$15.1M	$39.3M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.64	−0.041%	$21.7M	$102.0M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.63	−0.047%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.64	−0.041%	$28.5M	$114.2M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.74	+0.017%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perpshort	0.0000%	8h	168.93	+0.133%	$85K	$860K	10x
Phemex MSTRUSDT	0.0000%	4h	168.68	−0.018%	$2.8M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.56	−0.089%	$3.6M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	168.38	−0.199%	$581K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.54	−0.101%	$1.4M	$9.6M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.87	+0.095%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.56	−0.089%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.48	−0.136%	$395K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.53	−0.107%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.67	−0.024%	$743K	$5.0M	10x	as long as short
Binance MSTRUSDT	+0.0057%	8h	168.62	−0.051%	$88.9M	$617.3M	50x	as long as short
BloFin MSTR-USDTlong	+0.0085%	8h	168.71	long leg	$1.1M	$1.9M	20x
Paradex MSTR-USD-PERP	+0.0088%	8h	168.51	−0.117%	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.148%	$1.4M	$1.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.60	−0.067%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.59	−0.071%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.63	−0.047%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.57	−0.083%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.57	−0.082%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0196%	1h	168.54	−0.101%	$56.9M	$35.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.373%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.69	−0.012%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.61	−0.059%	$275K	$434K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0640%	1h	168.60	−0.065%	$287K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0894%	4h	168.75	+0.024%	$47K	$5.5M	10x	as long as short