MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0250%/8h= +27.4% APRnext payment +$2.50 per $10,000 · paid last 24h +0.052%

Price spread now: BloFin against Orderly+0.197%52s7-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 BloFin

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.197% dearer against Orderly than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Orderly PERP_MSTR_USDC_mythos	162.63	0.0100	pay 0.0100% / 8h	1h 32m	$2K	$13K	10x
Short	BloFin MSTR-USDT	162.95	0.0350	get 0.0350% / 8h	1h 32m	$1.0M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.197%Rate

Funding earned: $52.48
Price spread: +0.197% → 0.000%: $19.68
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $54.15
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; BloFin: 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 BloFin live order book, 6 min ago	0.62 bp	9.5 bp −$9	12.7 bp −$127	26.5 bp −$2,649	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
Bitget MSTRUSDT	−0.0952%	8h	162.85	+0.135%	$28.6M	$118.8M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.71	+0.049%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.91	+0.172%	$2.7M	$78K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.48	−0.092%	$508K	$2.0M	10x	as long as short
Aster MSTRUSDT	+0.0033%	8h	162.72	+0.053%	$1.8M	$8.7M	50x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.126%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.76	+0.080%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.33	−0.184%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.58	−0.031%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.70	+0.043%	$43K	$3K	10x	as long as short

Show 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	162.58	−0.031%	$852K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.61	−0.012%	$1.3M	$7.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.69	+0.035%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.67	+0.025%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.41	−0.135%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	162.63	long leg	$2K	$13K	10x
Aevo MSTR-PERP	+0.0104%	1h	162.62	−0.004%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0147%	8h	162.65	+0.012%	$20.7M	$100.1M	50x	as long as short
Variational Omni MSTR	+0.0149%	8h	162.56	−0.045%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.683%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0162%	8h	162.66	+0.016%	$65	—	5x	as long as short
Lighter MSTR	+0.0168%	1h	162.72	+0.055%	$3.5M	$2.0M	10x	as long as short
Binance MSTRUSDT	+0.0231%	8h	162.61	−0.012%	$83.7M	$627.4M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0238%	8h	162.63	−0.003%	$83K	$878K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0285%	1h	162.57	−0.037%	$53.9M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.69	+0.034%	$55K	$223K	10x	as long as short
BloFin MSTR-USDTshort	+0.0350%	8h	162.95	+0.197%	$1.0M	$2.1M	20x
Nado MSTR-PERP	+0.0355%	1h	162.58	−0.032%	$130K	$157K	3x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.64	+0.006%	$261K	$436K	10x	as long as short
Bybit MSTRUSDT	+0.0382%	8h	162.63	0.000%	$16.8M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0711%	4h	162.63	−0.001%	$45K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1103%	1h	162.84	+0.129%	$277K	$437K	10x	as long as short