MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.018%

Price spread now: Orderly against Bybit−0.053%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSTRUSDT	169.49	0	get 0.0000% / 8h	7h 58m	$15.2M	$40.2M	50x
Short	Orderly PERP_MSTR_USDC_mythos	169.40	0.0100	get 0.0100% / 8h	7h 58m	$3K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.053%Rate

Funding earned: $21
Price spread: −0.053% → 0.000%: −$5.31
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.31
Costs to cover: 0.170%
Break-even: 7.4 days

Slippage unknown: Bybit: live order book, 10 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 Bybit live order book, 10 min ago	0.89 bp	10.3 bp −$10	15.0 bp −$150	121.2 bp −$12.1K	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
Aster MSTRUSDT	0.0000%	8h	169.35	−0.084%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDTlong	0.0000%	8h	169.49	long leg	$15.2M	$40.2M	50x
OKX MSTR-USDT-SWAP	0.0000%	8h	169.54	+0.030%	$21.9M	$105.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.42	−0.041%	$4.7M	$18.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.44	−0.028%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.43	−0.035%	$2.9M	$66K	10x	as long as short
Nado MSTR-PERP	+0.0027%	1h	169.51	+0.011%	$140K	$97K	3x	as long as short
Bitget MSTRUSDT	+0.0031%	8h	169.52	+0.018%	$28.7M	$117.6M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.50	+0.006%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.48	−0.008%	$581K	$1.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	169.73	+0.142%	—	$2.1M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0046%	8h	169.55	+0.037%	$77K	$871K	10x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.50	+0.006%	$1.5M	$10.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	169.49	0.000%	$57.2M	$36.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.49	0.000%	$400K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.45	−0.024%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.23	−0.153%	$764K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0065%	8h	169.46	−0.018%	$89.4M	$628.8M	50x	as long as short
BloFin MSTR-USDT	+0.0085%	8h	169.47	−0.012%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.437%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0093%	8h	169.54	+0.031%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.56	+0.039%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.41	−0.047%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.29	−0.118%	$4K	$223K	50x	as long as short
Orderly PERP_MSTR_USDC_mythosshort	+0.0100%	8h	169.40	−0.053%	$3K	$9K	10x
Aevo MSTR-PERP	+0.0104%	1h	169.56	+0.040%	$141	—	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	168.88	−0.360%	$13K	$21K	30x	as long as short
Phoenix MSTR	+0.0260%	1h	169.45	−0.024%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.57	+0.047%	$276K	$440K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0400%	1h	169.40	−0.053%	$288K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0455%	4h	169.46	−0.019%	$48K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.50	+0.006%	$27K	$129K	10x	as long as short