MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.97 per $10,000 · paid last 24h −0.045%

Price spread now: Bybit against Gate+0.012%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on Gate Short on Bybit

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−0.051%−$5 · spread now +0.012%, 7d avg −0.013%

Together, before fees−0.215%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.025% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.165%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	169.01	0	get 0.0000% / 8h	30m 00s	$4.8M	$19.4M	50x
Short	Bybit MSTRUSDT	169.03	0.0097	get 0.0097% / 8h	30m 00s	$15.1M	$40.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.012%Rate

Funding earned: $20.39
Price spread: +0.012% → −0.013%: $2.47
Slippage, 4 orders: −$23.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.24
Costs to cover: 0.491%
Break-even: 16.0 days

Slippage from Gate: live order book, 4 min ago; Bybit: 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, 4 min ago	2.07 bp	12.4 bp −$12	43.0 bp −$430	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.48 bp	9.3 bp −$9	14.0 bp −$140	113.6 bp −$11.4K	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
Aster MSTRUSDT	0.0000%	8h	168.94	−0.041%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	169.01	long leg	$4.8M	$19.4M	50x
Variational Omni MSTR	0.0000%	8h	169.00	−0.009%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.07	+0.036%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.00	−0.009%	$275K	$441K	10x	as long as short
Nado MSTR-PERP	+0.0008%	1h	168.89	−0.072%	$139K	$97K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0017%	8h	168.99	−0.012%	$22.0M	$106.2M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.89	−0.072%	$583K	$1.8M	10x	as long as short
Lighter MSTR	+0.0040%	1h	168.96	−0.030%	$3.6M	$2.4M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.05	+0.024%	—	$2.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0049%	1h	168.93	−0.047%	$1.5M	$10.2M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0050%	8h	168.99	−0.012%	$77K	$879K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.93	−0.047%	$397K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.98	−0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.83	−0.107%	$779K	$5.2M	10x	as long as short
Bitget MSTRUSDT	+0.0053%	8h	168.99	−0.012%	$28.7M	$119.9M	25x	as long as short
Binance MSTRUSDT	+0.0063%	8h	169.01	0.000%	$89.0M	$628.3M	50x	as long as short
BloFin MSTR-USDT	+0.0074%	8h	168.94	−0.041%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.154%	$1.4M	$1.2M	10x	as long as short
Bybit MSTRUSDTshort	+0.0097%	8h	169.03	+0.012%	$15.1M	$40.4M	50x
Pacifica MSTR	+0.0100%	1h	168.90	−0.067%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.92	−0.053%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.86	−0.089%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.93	−0.047%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.118%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.97	−0.025%	$140	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0127%	8h	168.95	−0.037%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0200%	1h	168.98	−0.018%	$57.1M	$37.2M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.07	+0.033%	$57K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0520%	1h	169.04	+0.018%	$287K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.09	+0.047%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0756%	4h	168.96	−0.029%	$47K	$5.5M	10x	as long as short