MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0148%/8h= +16.2% APRnext payment +$1.48 per $10,000 · paid last 24h +0.015%

Price spread now: Bybit against GRVT−0.064%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

costs, in and out, $10k−$370.370% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.064%, 7d avg −0.016%

Together, before fees+0.016%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.048% cheaper against GRVT than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.016%). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.109% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MSTR_USDT_Perp	162.80	0.0235	pay 0.0235% / 8h	1h 37m	$78K	$867K	10x
Short	Bybit MSTRUSDT	162.70	0.0383	get 0.0383% / 8h	1h 37m	$16.8M	$41.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.064%Rate

Funding earned: $31
Price spread: −0.064% → −0.016%: −$4.79
Slippage, 4 orders: −$16.96
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.75
Costs to cover: 0.370%
Break-even: 9.4 days

Slippage from GRVT: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	1.54 bp	9.4 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.62 bp	9.3 bp −$9	13.6 bp −$136	115.5 bp −$11.5K	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	−0.0930%	8h	162.92	+0.071%	$28.6M	$119.0M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.71	−0.058%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.27	+0.286%	$2.7M	$78K	10x	as long as short
edgeX MSTRUSDC	+0.0016%	4h	162.56	−0.152%	$45K	$5.4M	10x	as long as short
Aster MSTRUSDT	+0.0026%	8h	162.61	−0.117%	$1.7M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.44	−0.224%	$504K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.015%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.78	−0.015%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.26	−0.334%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.59	−0.131%	$376K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	162.56	−0.150%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.45	−0.217%	$854K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.60	−0.125%	$1.3M	$7.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.64	−0.098%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.55	−0.156%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.65	−0.095%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.56	−0.150%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.56	−0.148%	$135	—	10x	as long as short
Lighter MSTR	+0.0136%	1h	162.58	−0.138%	$3.5M	$2.0M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0137%	8h	162.74	−0.039%	$20.7M	$100.1M	50x	as long as short
Variational Omni MSTR	+0.0144%	8h	162.76	−0.029%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.789%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0154%	8h	162.58	−0.139%	$65	—	5x	as long as short
Binance MSTRUSDT	+0.0225%	8h	162.66	−0.088%	$83.6M	$627.8M	50x	as long as short
GRVT MSTR_USDT_Perplong	+0.0235%	8h	162.80	long leg	$78K	$867K	10x
tradeXYZ xyz:MSTR	+0.0257%	1h	162.59	−0.131%	$53.9M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.62	−0.116%	$55K	$223K	10x	as long as short
Nado MSTR-PERP	+0.0340%	1h	162.44	−0.223%	$130K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0344%	8h	162.66	−0.088%	$1.0M	$2.1M	20x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.66	−0.088%	$261K	$436K	10x	as long as short
Bybit MSTRUSDTshort	+0.0383%	8h	162.70	−0.064%	$16.8M	$41.8M	50x
Deribit MSTR_USDC-PERPETUAL	+0.0858%	1h	162.58	−0.138%	$276K	$437K	10x	as long as short