MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.013%

Price spread now: OKX against Gate−0.030%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.030%, 7d avg −0.007%

Together, before fees−0.145%−$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.024% cheaper against Gate than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of −0.007%). If the spread goes back, that is −$2 on $10k: about 3.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.173%, 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	164.69	0	get 0.0000% / 8h	3h 56m	$4.6M	$18.7M	50x
Short	OKX MSTR-USDT-SWAP	164.64	0.0024	get 0.0024% / 8h	3h 56m	$20.7M	$99.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $5.03
Price spread: −0.030% → −0.007%: −$2.36
Slippage, 4 orders: −$14.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.17
Costs to cover: 0.398%
Break-even: 58.7 days

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	1.52 bp	13.2 bp −$13	43.5 bp −$435	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.30 bp	6.0 bp −$6	12.5 bp −$125	64.9 bp −$6,488	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
Bitget MSTRUSDT	−0.0902%	8h	164.73	+0.024%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.57	−0.074%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	164.69	long leg	$4.6M	$18.7M	50x
Phemex MSTRUSDT	0.0000%	4h	164.73	+0.024%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAPshort	+0.0024%	8h	164.64	−0.030%	$20.7M	$99.6M	50x
Lighter MSTR	+0.0032%	1h	164.67	−0.012%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.49	−0.124%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.823%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.74	+0.030%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.50	−0.115%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.48	−0.128%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.67	−0.012%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.40	−0.176%	$862K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.59	−0.061%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0099%	8h	164.66	−0.021%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.56	−0.078%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.59	−0.061%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	−0.043%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.61	−0.049%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.63	−0.036%	$137	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0132%	1h	164.61	−0.049%	$54.8M	$37.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0138%	8h	164.59	−0.064%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.62	−0.043%	$86.9M	$615.7M	50x	as long as short
edgeX MSTRUSDC	+0.0159%	4h	164.73	+0.027%	$49K	$5.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.346%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0179%	8h	164.77	+0.051%	$82K	$792K	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.76	+0.041%	$56K	$226K	10x	as long as short
Nado MSTR-PERP	+0.0230%	1h	164.42	−0.161%	$121K	$148K	3x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.61	−0.046%	$267K	$445K	10x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.69	0.000%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0341%	8h	164.65	−0.024%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0723%	1h	164.66	−0.018%	$280K	$438K	10x	as long as short