MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0586%/8h= +64.2% APRnext payment +$5.86 per $10,000 · paid last 24h +0.006%

Price spread now: GRVT against Orderly−0.422%50s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.422% cheaper against Orderly than usual: you would sell low and buy high (spread −0.422% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$42 on $10k: about 2.4 days of funding at the current rate (+$18 a day). The two prices were read 50 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	166.45	0.0100	pay 0.0100% / 8h	7h 11m	$3K	$13K	10x
Short	GRVT MSTR_USDT_Perp	165.75	0.0686	get 0.0686% / 8h	7h 11m	$82K	$848K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.422%Rate

Funding earned: $123.06
Price spread: −0.422% → 0.000%: −$42.17
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $65.89
Costs to cover: 0.150%
Break-even: 3.3 days

Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 22 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 GRVT live order book, 22 min ago	1.53 bp	10.3 bp −$10	12.1 bp −$121	doesn't fit	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
Gate MSTR_USDT	0.0000%	8h	166.77	+0.192%	$4.9M	$19.1M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.68	+0.138%	$31.3M	$114.3M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.25	−0.120%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.40	−0.029%	$540K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−2.307%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	166.70	+0.150%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.91	+0.276%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.41	−0.024%	$385K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.51	+0.036%	$925K	$3.6M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	166.64	+0.114%	$1.4M	$6.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	166.67	+0.132%	$102K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.51	+0.036%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.87	−0.348%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	166.45	long leg	$3K	$13K	10x
Aevo MSTR-PERP	+0.0104%	1h	166.48	+0.016%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	166.12	−0.198%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0174%	8h	166.76	+0.184%	$1.8M	$8.6M	50x	as long as short
Lighter MSTR	+0.0176%	1h	166.73	+0.168%	$3.5M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0177%	1h	166.53	+0.045%	$128K	$143K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0188%	8h	166.75	+0.180%	$67	—	5x	as long as short
OKX MSTR-USDT-SWAP	+0.0262%	8h	166.71	+0.156%	$21.4M	$93.1M	50x	as long as short
Variational Omni MSTR	+0.0279%	8h	165.48	−0.582%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0366%	8h	166.75	+0.180%	$87.0M	$594.1M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0381%	1h	166.71	+0.156%	$55.0M	$36.4M	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	166.67	+0.132%	$272K	$387K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	165.92	−0.319%	$56K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0484%	8h	165.83	−0.372%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0594%	8h	166.71	+0.156%	$17.6M	$39.6M	50x	as long as short
edgeX MSTRUSDC	+0.0630%	4h	165.48	−0.584%	$47K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perpshort	+0.0686%	8h	165.75	−0.422%	$82K	$848K	10x
Deribit MSTR_USDC-PERPETUAL	+0.0832%	1h	166.58	+0.078%	$283K	$309K	10x	as long as short
SoDEX MSTR-USD	+0.1107%	1h	166.34	−0.066%	$44K	$3K	10x	as long as short