Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.034%
Price spread now: Binance against GRVT−0.139%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.139%, 7d avg −0.017%
=Together, before fees+0.291%+ Points / potential airdropGRVT: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.122% cheaper against GRVT than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.073%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MSTR_USDT_Perp | 164.81 | 0.0159 | pay 0.0159% / 8h | 4h 47m | $78K | $770K | 10x |
| Short | Binance MSTRUSDT | 164.58 | 0.0123 | get 0.0123% / 8h | 4h 47m | $87.9M | $617.5M | 50x |
GRVT MSTR_USDT_Perp
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GRVT. 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
- −$7.52
- Price spread: −0.139% → −0.017%
- −$12.2
- Slippage, 4 orders
- −$7.67
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$46.38
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 11 min ago; Binance: live order book, 11 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 GRVT live order book, 11 min ago | 0.91 bp | 6.0 bp −$6 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.30 bp | 6.3 bp −$6 | 10.1 bp −$101 | 27.6 bp −$2,757 | 97.7 bp −$48.8K |
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 | −0.0813% | 8h | 164.80 | −0.005% | $27.7M | $115.0M | 25x | as long as short |
| Gate MSTR_USDT | −0.0049% | 8h | 164.74 | −0.042% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.69 | −0.071% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.69 | −0.072% | $2.8M | $71K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0008% | 8h | 164.57 | −0.145% | $20.7M | $99.6M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.54 | −0.163% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.51 | −0.178% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.749% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.74 | −0.039% | $267K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.94 | +0.080% | $27K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
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 | 164.67 | −0.084% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.64 | −0.102% | $381K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.67 | −0.084% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.54 | −0.163% | $868K | $4.1M | 10x | as long as short |
| Variational Omni MSTR | +0.0051% | 8h | 164.95 | +0.083% | $1.2M | $2.1M | — | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.69 | −0.072% | $1.4M | $7.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.63 | −0.110% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.63 | −0.108% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.58 | −0.139% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.58 | −0.139% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.56 | −0.149% | $137 | — | 10x | as long as short |
| Binance MSTRUSDTshort | +0.0123% | 8h | 164.58 | −0.139% | $87.9M | $617.5M | 50x | |
| Paradex MSTR-USD-PERP | +0.0143% | 8h | 164.62 | −0.112% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perplong | +0.0159% | 8h | 164.81 | long leg | $78K | $770K | 10x | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.77 | −0.023% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0191% | 4h | 164.83 | +0.011% | $49K | $5.4M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.75 | −0.034% | $56K | $226K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0239% | 8h | 164.83 | +0.013% | $1.0M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0258% | 1h | 164.64 | −0.102% | $54.9M | $36.9M | 10x | as long as short |
| Nado MSTR-PERP | +0.0311% | 1h | 164.65 | −0.094% | $122K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0360% | 8h | 164.70 | −0.066% | $17.1M | $40.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0966% | 1h | 164.71 | −0.060% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Variational Omni MSTR
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
Phoenix MSTR
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL