MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.012%

Price spread now: Bitget against GRVT+0.069%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 3 days (all we have)−0.359%−$36 · spread now +0.069%, 7d avg −0.013%

Together, before fees−0.331%+ Points / potential airdropGRVT: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.082% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MSTR_USDT_Perp	169.18	0	get 0.0000% / 8h	1h 43m	$74K	$935K	10x
Short	Bitget MSTRUSDT	169.30	0.0046	get 0.0046% / 8h	1h 43m	$28.9M	$119.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: $9.66
Price spread: +0.069% → −0.013%: $8.18
Slippage, 4 orders: −$18.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.24
Costs to cover: 0.391%
Break-even: 22.4 days

Slippage from GRVT: live order book, 39 min ago; Bitget: live order book, 5 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, 39 min ago	1.47 bp	12.3 bp −$12	22.4 bp −$224	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.30 bp	8.0 bp −$8	11.1 bp −$111	17.2 bp −$1,717	54.5 bp −$27.2K

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
Nado MSTR-PERP	−0.0093%	1h	169.14	−0.028%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0012%	8h	169.16	−0.014%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.20	+0.010%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.26	+0.048%	$88.4M	$628.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.27	+0.051%	$22.1M	$106.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.23	+0.029%	$276K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.26	+0.046%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.03	−0.091%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perplong	0.0000%	8h	169.18	long leg	$74K	$935K	10x
Phemex MSTRUSDT	0.0000%	4h	169.19	+0.004%	$2.9M	$60K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.21	+0.016%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.12	−0.037%	$585K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.24	+0.034%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.24	+0.034%	—	$2.1M	25x	as long as short
Bitget MSTRUSDTshort	+0.0046%	8h	169.30	+0.069%	$28.9M	$119.6M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	169.13	−0.031%	$401K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.18	−0.002%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.93	−0.149%	$752K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.93	−0.149%	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0076%	8h	169.19	+0.007%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0077%	8h	169.31	+0.075%	$15.2M	$40.8M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0087%	1h	169.19	+0.004%	$57.0M	$38.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.21	+0.015%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.10	−0.049%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.18	−0.002%	$4K	$619K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.17	−0.008%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.17	−0.007%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.00	−0.109%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.25	+0.040%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0400%	4h	169.14	−0.022%	$48K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.28	+0.057%	$27K	$134K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0460%	1h	169.22	+0.022%	$288K	$439K	10x	as long as short