MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.85 per $10,000 · paid last 24h +0.055%

Price spread now: BloFin against GRVT−0.084%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.292%+$29 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.084%, 7d avg −0.004%

Together, before fees+0.179%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.080% cheaper against GRVT than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.004%). If the spread goes back, that is −$8 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

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 44m	$78K	$770K	10x
Short	BloFin MSTR-USDT	164.67	0.0244	get 0.0244% / 8h	4h 44m	$1.0M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $17.9
Price spread: −0.084% → −0.004%: −$8.03
Slippage, 4 orders: −$9.67
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.79
Costs to cover: 0.307%
Break-even: 15.1 days

Slippage from GRVT: live order book, 14 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 GRVT live order book, 14 min ago	0.91 bp	6.0 bp −$6	12.3 bp −$123	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.91 bp	8.1 bp −$8	11.8 bp −$118	21.2 bp −$2,115	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	−0.0836%	8h	164.90	+0.055%	$27.7M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0044%	8h	164.81	+0.001%	$4.6M	$18.4M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.72	−0.056%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.76	−0.029%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0010%	8h	164.81	+0.001%	$20.6M	$99.9M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.63	−0.108%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.57	−0.142%	$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	164.71	−0.060%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.78	−0.017%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.65	−0.096%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.70	−0.066%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.69	−0.072%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.52	−0.175%	$866K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.68	−0.078%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTR	+0.0063%	8h	164.69	−0.069%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.68	−0.075%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.64	−0.102%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.45	−0.218%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.73	−0.048%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.72	−0.055%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0125%	8h	164.75	−0.037%	$88.1M	$617.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0141%	8h	164.60	−0.124%	$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
Phoenix MSTR	+0.0213%	1h	164.56	−0.152%	$56K	$226K	10x	as long as short
BloFin MSTR-USDTshort	+0.0244%	8h	164.67	−0.084%	$1.0M	$2.0M	20x
tradeXYZ xyz:MSTR	+0.0250%	1h	164.70	−0.066%	$55.0M	$36.9M	10x	as long as short
Nado MSTR-PERP	+0.0281%	1h	164.54	−0.162%	$122K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0367%	8h	164.84	+0.019%	$17.1M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0537%	4h	164.68	−0.081%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0722%	1h	164.71	−0.060%	$280K	$438K	10x	as long as short