MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.56 per $10,000 · paid last 24h −0.014%

Price spread now: Bitget against Orderly+0.089%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 Bitget

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. Bitget is 0.089% dearer against Orderly than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSTR_USDC_mythos	169.41	0.0100	pay 0.0100% / 8h	55m 16s	$3K	$11K	10x
Short	Bitget MSTRUSDT	169.56	0.0044	get 0.0044% / 8h	55m 16s	$28.8M	$120.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$11.76
Price spread: +0.089% → 0.000%: $8.85
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.91
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.30 bp	7.4 bp −$7	11.1 bp −$111	27.4 bp −$2,744	doesn't fit

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
BloFin MSTR-USDT	−0.0009%	8h	169.56	+0.089%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.18	−0.134%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.55	+0.081%	$89.5M	$629.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.55	+0.083%	$22.1M	$106.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.49	+0.047%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.38	−0.016%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.32	−0.054%	$83K	$875K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.52	+0.065%	$2.9M	$64K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.52	+0.062%	$276K	$442K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.30	−0.065%	$583K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDTshort	+0.0044%	8h	169.56	+0.089%	$28.8M	$120.6M	25x
Vest MSTR-USD-PERP	+0.0046%	1h	169.58	+0.100%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.49	+0.047%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.45	+0.024%	$393K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.33	−0.047%	$781K	$5.2M	10x	as long as short
Nado MSTR-PERP	+0.0062%	1h	169.34	−0.039%	$140K	$97K	3x	as long as short
Bybit MSTRUSDT	+0.0079%	8h	169.57	+0.094%	$15.2M	$40.6M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.09	−0.189%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.47	+0.035%	$105K	$104K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.25	−0.094%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	−0.207%	$4K	$394K	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	169.41	long leg	$3K	$11K	10x
Paradex MSTR-USD-PERP	+0.0102%	8h	169.43	+0.013%	$68	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.195%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.44	+0.018%	$141	—	10x	as long as short
Lighter MSTR	+0.0144%	1h	169.50	+0.053%	$3.6M	$2.4M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0155%	1h	169.46	+0.030%	$57.2M	$37.6M	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.20	−0.124%	$57K	$392K	10x	as long as short
SoDEX MSTR-USD	+0.0270%	1h	169.53	+0.071%	$45K	$3K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.53	+0.071%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0980%	4h	169.29	−0.071%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1049%	1h	169.59	+0.106%	$288K	$439K	10x	as long as short