MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.44 per $10,000 · paid last 24h −0.053%

Price spread now: Orderly against BloFin−0.024%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.024% cheaper against BloFin than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 43 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	168.73	0.0056	pay 0.0056% / 8h	7h 36m	$1.1M	$1.9M	20x
Short	Orderly PERP_MSTR_USDC_mythos	168.69	0.0100	get 0.0100% / 8h	7h 36m	$3K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.024%Rate

Funding earned: $9.25
Price spread: −0.024% → 0.000%: −$2.37
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$11.12
Costs to cover: 0.180%
Break-even: 15.4 days

Slippage unknown: BloFin: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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, 1 min ago	1.19 bp	7.7 bp −$8	9.4 bp −$94	20.5 bp −$2,051	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0074%	1h	168.45	−0.164%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.66	−0.039%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.72	−0.006%	$21.7M	$101.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.73	0.000%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.77	+0.024%	$28.5M	$114.0M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.74	+0.005%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.69	−0.024%	$85K	$860K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.79	+0.036%	$2.8M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.60	−0.077%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.51	−0.127%	$581K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	168.70	−0.018%	$1.4M	$9.5M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.79	+0.036%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.58	−0.089%	—	$1.7M	25x	as long as short
Bybit MSTRUSDT	+0.0049%	8h	168.68	−0.030%	$15.1M	$39.3M	50x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.58	−0.089%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.58	−0.089%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.51	−0.130%	$761K	$5.0M	10x	as long as short
Binance MSTRUSDT	+0.0053%	8h	168.70	−0.015%	$89.0M	$616.4M	50x	as long as short
BloFin MSTR-USDTlong	+0.0056%	8h	168.73	long leg	$1.1M	$1.9M	20x
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.160%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	168.68	−0.030%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.67	−0.036%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.67	−0.036%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.65	−0.047%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythosshort	+0.0100%	8h	168.69	−0.024%	$3K	$8K	10x
Aevo MSTR-PERP	+0.0104%	1h	168.65	−0.050%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0204%	1h	168.67	−0.036%	$56.9M	$35.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.362%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.74	+0.005%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.72	−0.006%	$275K	$434K	10x	as long as short
edgeX MSTRUSDC	+0.0572%	4h	168.81	+0.049%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0996%	1h	168.81	+0.047%	$287K	$438K	10x	as long as short