Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0123%/8h= −13.5% APRnext payment −$1.23 per $10,000 · paid last 24h +0.018%
Price spread now: Binance against Bybit+0.007%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Long on BybitShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 7 days+0.010%+$1 · spread now +0.007%, 7d avg +0.025%
Together, before fees−0.026%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MSTRUSDT163.360.0396pay 0.0396% / 8h7h 59m$17.1M$41.7M50x
ShortBinance MSTRUSDT163.370.0273get 0.0273% / 8h7h 59m$84.1M$620.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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

Funding earned
−$25.88
Price spread: +0.007% → +0.025%
−$1.79
Slippage, 4 orders
−$10.24
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$58.92
Costs to cover
0.312%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.92 bp8.9 bp −$915.5 bp −$155136.1 bp −$13.6Kdoesn't fit
Sell Binance live order book, 14 min ago0.31 bp6.8 bp −$711.6 bp −$11637.2 bp −$3,715doesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0389%8h163.51+0.092%$29.5M$119.3M25xas long as short
Gate MSTR_USDT0.0000%8h163.39+0.018%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.33−0.018%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.22−0.083%$589K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.661%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.34−0.012%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.15−0.129%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.24−0.073%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.29−0.043%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.96−0.245%$895K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0056%1h163.22−0.086%$3.5M$2.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.30−0.037%$1.4M$7.1M10xas long as short
Aster MSTRUSDT+0.0079%8h163.25−0.067%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.30−0.037%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.19−0.104%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.16−0.122%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.33−0.018%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.34−0.015%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0129%8h163.14−0.137%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.453%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0157%1h163.06−0.182%$125K$165K3xas long as short
Variational Omni MSTR+0.0202%8h163.25−0.066%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0204%8h163.40+0.024%$20.8M$100.0M50xas long as short
GRVT MSTR_USDT_Perp+0.0266%8h163.41+0.031%$82K$859K10xas long as short
Binance MSTRUSDTshort+0.0273%8h163.37+0.007%$84.1M$620.6M50x
Phoenix MSTR+0.0357%1h163.27−0.056%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.29−0.043%$1.0M$2.1M20xas long as short
tradeXYZ xyz:MSTR+0.0394%1h163.35−0.006%$54.0M$37.7M10xas long as short
Bybit MSTRUSDTlong+0.0396%8h163.36long leg$17.1M$41.7M50x
RISEx MSTR/USDC+0.0493%1h163.25−0.069%$268K$418K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0915%1h163.32−0.024%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0963%4h163.30−0.035%$46K$5.4M10xas long as short