Funding you earn now, next payment 08:00 UTC+0.0210%/8h= +22.9% APRnext payment +$2.10 per $10,000 · paid last 24h +0.045%
Price spread now: BloFin against Gate−0.024%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)−0.210%−$21 · spread now −0.024%, 7d avg +0.018%
=Funding pays, the price is against you. BloFin is 0.043% cheaper against Gate than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.018%). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.024% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 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 | 164.31 | 0 | get 0.0000% / 8h | 5h 38m | $4.6M | $18.5M | 50x |
| Short | BloFin MSTR-USDT | 164.27 | 0.0210 | get 0.0210% / 8h | 5h 38m | $1.0M | $1.9M | 20x |
Gate MSTR_USDT
BloFin MSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $44.01
- Price spread: −0.024% → +0.018%
- −$4.25
- Slippage, 4 orders
- −$15.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$3.22
- Costs to cover
- 0.430%
- Break-even
- 7.5 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago | 2.13 bp | 13.2 bp −$13 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.52 bp | 7.8 bp −$8 | 11.3 bp −$113 | 23.2 bp −$2,320 | 54.7 bp −$27.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.1280% | 8h | 164.40 | +0.055% | $27.6M | $114.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.20 | −0.065% | $1.8M | $8.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.22 | −0.055% | $20.8M | $99.3M | 50x | as long as short |
| Gate MSTR_USDTlong | 0.0000% | 8h | 164.31 | long leg | $4.6M | $18.5M | 50x | |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.26 | −0.030% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0021% | 8h | 164.09 | −0.132% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.22 | −0.055% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.13 | −0.113% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.061% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.31 | 0.000% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.14 | −0.103% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.23 | −0.049% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.21 | −0.061% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.11 | −0.122% | $880K | $4.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.26 | −0.030% | $1.4M | $7.7M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0080% | 1h | 164.18 | −0.079% | $54.9M | $36.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0090% | 8h | 164.23 | −0.049% | $88.1M | $618.9M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.25 | −0.034% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.18 | −0.079% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.32 | +0.006% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.22 | −0.055% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.22 | −0.054% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0138% | 8h | 164.21 | −0.061% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0157% | 8h | 164.40 | +0.055% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.134% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0209% | 1h | 164.20 | −0.070% | $122K | $149K | 3x | as long as short |
| BloFin MSTR-USDTshort | +0.0210% | 8h | 164.27 | −0.024% | $1.0M | $1.9M | 20x | |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.28 | −0.018% | $269K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.35 | +0.022% | $55K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0342% | 8h | 164.31 | 0.000% | $17.1M | $40.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0542% | 1h | 164.30 | −0.006% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0857% | 4h | 164.20 | −0.070% | $49K | $5.4M | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
RISEx MSTR/USDC
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC