MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0795%/8h= −87.1% APRnext payment −$7.95 per $10,000 · paid last 24h −0.002%

Price spread now: Bitget against Gate+0.091%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.091%, 7d avg −0.002%

Together, before fees−0.345%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.093% dearer against Gate than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of −0.002%): +$9 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.260% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.260% in total (about -13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	164.47	−0.0150	get 0.0150% / 8h	6h 32m	$4.6M	$19.0M	50x
Short	Bitget MSTRUSDT	164.62	−0.0945	pay 0.0945% / 8h	6h 32m	$27.4M	$115.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$166.95
Price spread: +0.091% → −0.002%: $9.29
Slippage, 4 orders: −$18.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$202.97
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 2 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 Gate live order book, 1 min ago	1.52 bp	12.8 bp −$13	38.7 bp −$387	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.30 bp	8.8 bp −$9	14.0 bp −$140	42.5 bp −$4,247	doesn't fit

MSTR on 31 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
Bitget MSTRUSDTshort	−0.0945%	8h	164.62	+0.091%	$27.4M	$115.9M	25x
Gate MSTR_USDTlong	−0.0150%	8h	164.47	long leg	$4.6M	$19.0M	50x
Aster MSTRUSDT	0.0000%	8h	164.43	−0.026%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.52	+0.030%	$20.8M	$100.8M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.45	−0.013%	$269K	$437K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	164.33	−0.085%	$1.2M	$2.1M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.28	−0.116%	$2.8M	$68K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0011%	8h	164.41	−0.034%	$75K	$810K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.30	−0.103%	$596K	$2.0M	10x	as long as short
Binance MSTRUSDT	+0.0038%	8h	164.52	+0.030%	$87.6M	$625.9M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus MSTR-USD	+0.0040%	1h	164.38	−0.055%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.33	−0.085%	—	$1.8M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.44	−0.018%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.11	−0.219%	$917K	$4.8M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.51	+0.024%	$1.4M	$8.4M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.40	−0.043%	$101K	$86K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.32	−0.091%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.19	−0.170%	$4K	$203K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.42	−0.030%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.44	−0.020%	$136	—	10x	as long as short
Polymarket Perps MSTR-USD	+0.0111%	1h	164.50	+0.018%	$383K	$2.7M	10x	as long as short
Lighter MSTR	+0.0160%	1h	164.33	−0.085%	$3.5M	$1.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.04	−0.261%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0174%	8h	164.48	+0.004%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0318%	1h	164.43	−0.024%	$55.3M	$36.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.961%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0381%	1h	164.13	−0.207%	$55K	$219K	10x	as long as short
Nado MSTR-PERP	+0.0393%	1h	164.41	−0.035%	$111K	$143K	3x	as long as short
Bybit MSTRUSDT	+0.0432%	8h	164.53	+0.036%	$17.2M	$41.2M	50x	as long as short
edgeX MSTRUSDC	+0.0914%	4h	164.30	−0.103%	$48K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1211%	1h	164.54	+0.043%	$280K	$438K	10x	as long as short