Funding you earn now, next payment 08:00 UTC+0.0223%/8h= +24.4% APRnext payment +$2.23 per $10,000 · paid last 24h +0.032%
Price spread now: BloFin against OKX+0.332%53s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 4 days (all we have)−0.373%−$37 · spread now +0.332%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.330% dearer against OKX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MSTR-USDT-SWAP | 162.67 | 0.0090 | pay 0.0090% / 8h | 2h 34m | $20.7M | $99.7M | 50x |
| Short | BloFin MSTR-USDT | 163.21 | 0.0313 | get 0.0313% / 8h | 2h 34m | $1.0M | $2.1M | 20x |
OKX MSTR-USDT-SWAP
BloFin MSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $46.85
- Price spread: +0.332% → +0.002%
- $33.04
- Slippage, 4 orders
- −$5.61
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $52.28
- Costs to cover
- 0.276%
- Break-even
- from the start
Slippage from OKX: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago | 0.31 bp | 6.2 bp −$6 | 10.8 bp −$108 | 50.7 bp −$5,066 | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.31 bp | 6.3 bp −$6 | 10.8 bp −$108 | 29.2 bp −$2,924 | 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 | −0.1060% | 8h | 162.95 | +0.172% | $27.0M | $117.7M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 162.72 | +0.030% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 162.80 | +0.080% | $4.6M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.14 | +0.289% | $2.7M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.61 | −0.037% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.100% | $8K | $26K | 30x | as long as short |
| Vest MSTR-USD-PERP | +0.0040% | 1h | 162.50 | −0.105% | — | $1.8M | 25x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.08 | +0.252% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.68 | +0.006% | $376K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.14 | +0.289% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.88 | +0.129% | $856K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 162.84 | +0.105% | $1.4M | $7.2M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 162.84 | +0.103% | $264K | $443K | 10x | as long as short |
| OKX MSTR-USDT-SWAPlong | +0.0090% | 8h | 162.67 | long leg | $20.7M | $99.7M | 50x | |
| Pacifica MSTR | +0.0100% | 1h | 162.83 | +0.099% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.70 | +0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.88 | +0.129% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.65 | −0.012% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.67 | +0.002% | $135 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0124% | 8h | 163.00 | +0.203% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0150% | 8h | 162.76 | +0.054% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 162.54 | −0.080% | $1.4M | $1.1M | 10x | as long as short |
| Lighter MSTR | +0.0192% | 1h | 162.77 | +0.061% | $3.4M | $1.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.0194% | 8h | 162.67 | 0.000% | $84.4M | $624.7M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0200% | 8h | 163.11 | +0.268% | $79K | $831K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0208% | 4h | 162.93 | +0.161% | $48K | $5.4M | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.0313% | 8h | 163.21 | +0.332% | $1.0M | $2.1M | 20x | |
| Phoenix MSTR | +0.0362% | 1h | 163.10 | +0.264% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0364% | 8h | 162.76 | +0.055% | $16.6M | $41.3M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0370% | 1h | 162.72 | +0.031% | $54.2M | $37.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0379% | 1h | 162.64 | −0.017% | $130K | $156K | 3x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0858% | 1h | 162.66 | −0.006% | $277K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Lighter MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC
Phoenix MSTR
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Deribit MSTR_USDC-PERPETUAL