MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.020%

Price spread now: Orderly against OKX−0.042%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.042% cheaper against OKX than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSTR-USDT-SWAP	164.71	0	get 0.0000% / 8h	5h 33m	$20.8M	$99.5M	50x
Short	Orderly PERP_MSTR_USDC_mythos	164.64	0.0100	get 0.0100% / 8h	5h 33m	$3K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now −0.042%Rate

Funding earned: $21
Price spread: −0.042% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.75
Costs to cover: 0.160%
Break-even: 6.7 days

Slippage unknown: OKX: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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	0.30 bp	6.4 bp −$6	10.5 bp −$105	63.4 bp −$6,336	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1270%	8h	164.80	+0.055%	$27.7M	$114.3M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.61	−0.060%	$1.8M	$8.4M	50x	as long as short
OKX MSTR-USDT-SWAPlong	0.0000%	8h	164.71	long leg	$20.8M	$99.5M	50x
Gate MSTR_USDT	0.0000%	8h	164.83	+0.073%	$4.6M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.63	−0.049%	$2.8M	$71K	10x	as long as short
Variational Omni MSTR	+0.0029%	8h	164.54	−0.101%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.59	−0.073%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.50	−0.131%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.811%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.48	−0.140%	$26K	$112K	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	164.47	−0.146%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.54	−0.103%	$384K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.66	−0.030%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.34	−0.225%	$855K	$4.2M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.53	−0.109%	$1.4M	$7.6M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0079%	1h	164.56	−0.091%	$55.0M	$36.6M	10x	as long as short
Binance MSTRUSDT	+0.0097%	8h	164.75	+0.023%	$88.3M	$618.5M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.72	+0.004%	$101K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.57	−0.085%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.28	−0.261%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythosshort	+0.0100%	8h	164.64	−0.042%	$3K	$8K	10x
Aevo MSTR-PERP	+0.0104%	1h	164.63	−0.046%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	164.67	−0.026%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0158%	8h	164.48	−0.139%	$77K	$763K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.376%	$1.4M	$1.1M	10x	as long as short
BloFin MSTR-USDT	+0.0215%	8h	164.57	−0.085%	$1.0M	$1.9M	20x	as long as short
Nado MSTR-PERP	+0.0220%	1h	164.46	−0.149%	$122K	$149K	3x	as long as short
edgeX MSTRUSDC	+0.0283%	4h	164.31	−0.246%	$49K	$5.4M	10x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.58	−0.076%	$269K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	164.24	−0.286%	$55K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0350%	8h	164.80	+0.055%	$17.2M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0844%	1h	164.70	−0.006%	$280K	$438K	10x	as long as short