MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.012%

Price spread now: OKX against Orderly+0.035%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 OKX

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. OKX is 0.035% dearer against Orderly than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSTR_USDC_mythos	169.56	0.0100	pay 0.0100% / 8h	2h 14m	$3K	$12K	10x
Short	OKX MSTR-USDT-SWAP	169.62	0	get 0.0000% / 8h	2h 14m	$22.1M	$107.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21
Price spread: +0.035% → 0.000%: $3.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.29 bp	7.4 bp −$7	15.6 bp −$156	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
Nado MSTR-PERP	−0.0046%	1h	169.49	−0.039%	$140K	$98K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.62	+0.035%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.55	−0.007%	$88.7M	$630.4M	50x	as long as short
OKX MSTR-USDT-SWAPshort	0.0000%	8h	169.62	+0.035%	$22.1M	$107.6M	50x
RISEx MSTR/USDC	0.0000%	1h	169.57	+0.006%	$278K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.54	−0.012%	$4.8M	$19.6M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.78	+0.128%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.74	+0.104%	$83K	$948K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	0.0000%	1h	169.61	+0.029%	$288K	$438K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.58	+0.012%	$2.9M	$58K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MSTR-USDT	+0.0022%	8h	169.44	−0.071%	$1.1M	$1.8M	20x	as long as short
Lighter MSTR	+0.0032%	1h	169.60	+0.024%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.50	−0.034%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.59	+0.018%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.73	+0.100%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.265%	$1.5M	$1.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.52	−0.024%	$419K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.56	0.000%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.45	−0.065%	$779K	$5.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0054%	1h	169.53	−0.018%	$56.7M	$38.3M	10x	as long as short
Bitget MSTRUSDT	+0.0081%	8h	169.58	+0.012%	$28.9M	$119.9M	25x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	169.53	−0.020%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.52	−0.021%	$104K	$121K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.47	−0.053%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.53	−0.018%	$4K	$871K	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	169.56	long leg	$3K	$12K	10x
Aevo MSTR-PERP	+0.0104%	1h	169.56	0.000%	$141	—	10x	as long as short
Bybit MSTRUSDT	+0.0105%	8h	169.61	+0.029%	$15.2M	$41.2M	50x	as long as short
Phoenix MSTR	+0.0184%	1h	169.80	+0.143%	$57K	$396K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.66	+0.059%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.029%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0552%	4h	169.67	+0.063%	$48K	$5.5M	10x	as long as short