Funding you earn now, next payment 08:00 UTC+0.0243%/8h= +26.6% APRnext payment +$2.43 per $10,000 · paid last 24h +0.012%
Price spread now: Bybit against Orderly+0.061%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 Bybit is 0.061% dearer against Orderly than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 164.30 | 0.0100 | pay 0.0100% / 8h | 5h 40m | $3K | $8K | 10x |
| Short | Bybit MSTRUSDT | 164.40 | 0.0343 | get 0.0343% / 8h | 5h 40m | $17.1M | $40.7M | 50x |
Orderly PERP_MSTR_USDC_mythos
Bybit MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- $51.01
- Price spread: +0.061% → 0.000%
- $6.09
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $40.09
- Costs to cover
- 0.170%
- Break-even
- 1.5 days
Slippage unknown: Orderly: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago | 0.30 bp | 8.0 bp −$8 | 14.4 bp −$144 | 127.8 bp −$12.8K | 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 | −0.1278% | 8h | 164.46 | +0.097% | $27.6M | $114.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.27 | −0.016% | $1.7M | $8.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.33 | +0.018% | $20.8M | $99.4M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.30 | 0.000% | $4.6M | $18.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.27 | −0.018% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0021% | 8h | 164.09 | −0.126% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.24 | −0.037% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.22 | −0.049% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.068% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.30 | 0.000% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.11 | −0.116% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.25 | −0.030% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.28 | −0.012% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.99 | −0.189% | $880K | $4.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.30 | 0.000% | $1.4M | $7.7M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0082% | 1h | 164.25 | −0.030% | $54.9M | $36.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0089% | 8h | 164.35 | +0.030% | $88.1M | $619.3M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.28 | −0.011% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.24 | −0.037% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.32 | +0.012% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 164.30 | long leg | $3K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.30 | −0.002% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 164.29 | −0.006% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0157% | 8h | 164.40 | +0.061% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.128% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0208% | 8h | 164.17 | −0.079% | $1.0M | $1.9M | 20x | as long as short |
| Nado MSTR-PERP | +0.0215% | 1h | 164.15 | −0.094% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.34 | +0.023% | $269K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.35 | +0.028% | $55K | $227K | 10x | as long as short |
| Bybit MSTRUSDTshort | +0.0343% | 8h | 164.40 | +0.061% | $17.1M | $40.7M | 50x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0725% | 1h | 164.33 | +0.018% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0772% | 4h | 164.34 | +0.027% | $49K | $5.4M | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
RISEx MSTR/USDC
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC