MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.030%

Price spread now: Binance against Orderly+0.038%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Binance

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

The price spread pays, funding is against you. Binance is 0.038% dearer against Orderly than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSTR_USDC_mythos	164.18	0.0100	pay 0.0100% / 8h	5h 37m	$3K	$8K	10x
Short	Binance MSTRUSDT	164.24	0.0090	get 0.0090% / 8h	5h 37m	$88.1M	$619.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: −$2.18
Price spread: +0.038% → 0.000%: $3.84
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.34
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 6 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.30 bp	6.3 bp −$6	10.0 bp −$100	29.9 bp −$2,990	69.0 bp −$34.5K

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	−0.1280%	8h	164.33	+0.091%	$27.6M	$114.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.13	−0.030%	$1.7M	$8.4M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.23	+0.030%	$20.8M	$99.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.23	+0.030%	$4.6M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.20	+0.012%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0021%	8h	164.09	−0.053%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.10	−0.049%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.08	−0.058%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.143%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.31	+0.079%	$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	164.09	−0.055%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.14	−0.024%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.14	−0.024%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.11	−0.043%	$880K	$4.2M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.26	+0.049%	$1.4M	$7.7M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0079%	1h	164.10	−0.049%	$54.9M	$36.6M	10x	as long as short
Binance MSTRUSDTshort	+0.0090%	8h	164.24	+0.038%	$88.1M	$619.0M	50x
Pacifica MSTR	+0.0100%	1h	164.25	+0.045%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.12	−0.037%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.32	+0.085%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	164.18	long leg	$3K	$8K	10x
Aevo MSTR-PERP	+0.0104%	1h	164.18	+0.001%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0138%	8h	164.21	+0.018%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0157%	8h	164.40	+0.134%	$77K	$763K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.055%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0209%	1h	164.20	+0.009%	$122K	$149K	3x	as long as short
BloFin MSTR-USDT	+0.0210%	8h	164.27	+0.055%	$1.0M	$1.9M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.28	+0.061%	$269K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	164.35	+0.101%	$55K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0342%	8h	164.29	+0.067%	$17.1M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0664%	1h	164.20	+0.012%	$279K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0857%	4h	164.20	+0.009%	$49K	$5.4M	10x	as long as short