Funding you earn now, next payment 08:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.009%
Price spread now: Binance against OKX−0.006%7-day average −0.005% · 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−$24as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 2 days (all we have)−0.036%−$4 · spread now −0.006%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MSTR-USDT-SWAP | 169.49 | 0 | get 0.0000% / 8h | 7h 59m | $21.9M | $105.8M | 50x |
| Short | Binance MSTRUSDT | 169.48 | 0.0065 | get 0.0065% / 8h | 7h 59m | $89.4M | $628.7M | 50x |
OKX MSTR-USDT-SWAP
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $13.59
- Price spread: −0.006% → −0.005%
- −$0.11
- Slippage, 4 orders
- −$3.4
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$9.92
- Costs to cover
- 0.234%
- Break-even
- 12.1 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 15 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 OKX live order book, 5 min ago | 0.29 bp | 6.2 bp −$6 | 11.5 bp −$115 | 71.0 bp −$7,099 | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.30 bp | 5.6 bp −$6 | 8.8 bp −$88 | 24.6 bp −$2,457 | 113.8 bp −$56.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | 0.0000% | 8h | 169.31 | −0.104% | $1.3M | $6.1M | 50x | as long as short |
| Bybit MSTRUSDT | 0.0000% | 8h | 169.56 | +0.041% | $15.2M | $40.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAPlong | 0.0000% | 8h | 169.49 | long leg | $21.9M | $105.8M | 50x | |
| Gate MSTR_USDT | 0.0000% | 8h | 169.47 | −0.012% | $4.7M | $18.7M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.44 | −0.028% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.43 | −0.035% | $2.9M | $66K | 10x | as long as short |
| Nado MSTR-PERP | +0.0027% | 1h | 169.51 | +0.011% | $140K | $97K | 3x | as long as short |
| Bitget MSTRUSDT | +0.0031% | 8h | 169.49 | 0.000% | $28.7M | $117.6M | 25x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 169.43 | −0.035% | $3.6M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.48 | −0.008% | $581K | $1.7M | 10x | as long as short |
Aster MSTRUSDT
Bybit MSTRUSDT
Gate MSTR_USDT
Variational Omni MSTR
Phemex MSTRUSDT
Nado MSTR-PERP
Bitget MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-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 | 169.73 | +0.142% | — | $2.1M | 25x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0046% | 8h | 169.55 | +0.037% | $77K | $871K | 10x | as long as short |
| QFEX MSTR-USD | +0.0049% | 1h | 169.50 | +0.006% | $1.5M | $10.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0050% | 1h | 169.49 | 0.000% | $57.2M | $36.9M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.49 | 0.000% | $400K | $2.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.45 | −0.024% | $45K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.23 | −0.153% | $764K | $5.2M | 10x | as long as short |
| Binance MSTRUSDTshort | +0.0065% | 8h | 169.48 | −0.006% | $89.4M | $628.7M | 50x | |
| BloFin MSTR-USDT | +0.0085% | 8h | 169.47 | −0.012% | $1.1M | $1.9M | 20x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0088% | 1h | 168.75 | −0.437% | $1.4M | $1.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0093% | 8h | 169.54 | +0.031% | $68 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.56 | +0.039% | $105K | $87K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.40 | −0.053% | $2.5M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.29 | −0.118% | $4K | $223K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.40 | −0.053% | $3K | $9K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.56 | +0.040% | $141 | — | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0235% | 1h | 168.88 | −0.360% | $13K | $21K | 30x | as long as short |
| Phoenix MSTR | +0.0260% | 1h | 169.45 | −0.024% | $57K | $384K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0349% | 1h | 169.57 | +0.047% | $276K | $440K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0400% | 1h | 169.40 | −0.053% | $288K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0455% | 4h | 169.46 | −0.019% | $48K | $5.5M | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 169.50 | +0.006% | $27K | $129K | 10x | as long as short |
Vest MSTR-USD-PERP
GRVT MSTR_USDT_Perp
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
BloFin MSTR-USDT
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Injective MSTR/USDC PERP
Phoenix MSTR
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC
Arcus MSTR-USD