MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.62 per $10,000 · paid last 24h +0.045%

Price spread now: Gate against Bybit−0.030%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$16 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.030%, 7d avg +0.013%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.042% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.165%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSTRUSDT	169.40	0.0062	pay 0.0062% / 8h	2m 32s	$15.2M	$40.3M	50x
Short	Gate MSTR_USDT	169.35	0	get 0.0000% / 8h	2m 32s	$4.7M	$19.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: −$12.99
Price spread: −0.030% → +0.013%: −$4.23
Slippage, 4 orders: −$19.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.67
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Gate: live order book, 1 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 Bybit live order book, 6 min ago	0.89 bp	10.3 bp −$10	15.0 bp −$150	121.2 bp −$12.1K	doesn't fit
Sell Gate live order book, 1 min ago	2.07 bp	10.6 bp −$11	45.2 bp −$452	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	−0.0043%	1h	169.36	−0.025%	$140K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.21	−0.113%	$1.3M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.36	−0.024%	$21.9M	$106.3M	50x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	169.35	−0.030%	$4.7M	$19.6M	50x
Variational Omni MSTR	0.0000%	8h	169.00	−0.235%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.18	−0.130%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.41	+0.006%	$276K	$441K	10x	as long as short
Bitget MSTRUSDT	+0.0030%	8h	169.44	+0.024%	$28.8M	$119.8M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0030%	8h	169.13	−0.159%	$77K	$871K	10x	as long as short
Lighter MSTR	+0.0032%	1h	169.38	−0.012%	$3.6M	$2.4M	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	169.32	−0.045%	$581K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.56	+0.094%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.35	−0.030%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.29	−0.065%	$399K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.38	−0.012%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.29	−0.065%	$773K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0052%	8h	169.42	+0.012%	$89.4M	$628.5M	50x	as long as short
Bybit MSTRUSDTlong	+0.0062%	8h	169.40	long leg	$15.2M	$40.3M	50x
BloFin MSTR-USDT	+0.0064%	8h	169.50	+0.059%	$1.1M	$1.9M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0096%	8h	169.40	0.000%	$68	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.384%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.36	−0.025%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.26	−0.083%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	−0.201%	$4K	$244K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.36	−0.024%	$3K	$10K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	168.88	−0.307%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.35	−0.027%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0126%	1h	169.37	−0.018%	$57.2M	$36.9M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.09	−0.185%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0382%	4h	169.04	−0.210%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0636%	1h	169.49	+0.053%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.45	+0.030%	$27K	$129K	10x	as long as short