MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0330%/8h= −36.1% APRnext payment −$3.30 per $10,000 · paid last 24h −0.068%

Price spread now: Bitget against Binance+0.041%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.041%, 7d avg −0.014%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.055% dearer against Binance than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.073% in total) that is about 5.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	162.47	0.0318	pay 0.0318% / 8h	7h 29m	$84.2M	$617.8M	50x
Short	Bitget MSTRUSDT	162.54	−0.0012	pay 0.0012% / 8h	7h 29m	$30.5M	$118.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$69.32
Price spread: +0.041% → −0.014%: $5.47
Slippage, 4 orders: −$9.04
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.89
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Bitget: live order book, 5 min ago.

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 Binance live order book, 15 min ago	0.31 bp	5.9 bp −$6	9.6 bp −$96	32.4 bp −$3,241	148.0 bp −$74.0K
Sell Bitget live order book, 5 min ago	0.31 bp	8.6 bp −$9	12.9 bp −$129	38.4 bp −$3,840	doesn't fit

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 MSTRUSDTshort	−0.0012%	8h	162.54	+0.041%	$30.5M	$118.2M	25x
Gate MSTR_USDT	0.0000%	8h	162.52	+0.028%	$4.7M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.52	+0.028%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.25	−0.140%	$590K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	+0.084%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.53	+0.034%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.31	−0.101%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.38	−0.058%	$375K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.46	−0.009%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.37	−0.064%	$901K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0061%	1h	162.45	−0.015%	$1.3M	$7.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.40	−0.046%	$99K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.43	−0.027%	$2.3M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.55	+0.047%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.50	+0.016%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.50	+0.016%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.26	−0.132%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0124%	8h	162.44	−0.019%	$1.7M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0170%	8h	162.44	−0.020%	$65	—	5x	as long as short
Lighter MSTR	+0.0176%	1h	162.46	−0.009%	$3.4M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0182%	1h	162.30	−0.109%	$124K	$157K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0230%	8h	162.51	+0.022%	$20.8M	$97.6M	50x	as long as short
Variational Omni MSTR	+0.0240%	8h	162.69	+0.132%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDTlong	+0.0318%	8h	162.47	long leg	$84.2M	$617.8M	50x
GRVT MSTR_USDT_Perp	+0.0342%	8h	162.74	+0.164%	$84K	$846K	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	162.48	+0.001%	$267K	$398K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0414%	1h	162.40	−0.046%	$53.5M	$37.6M	10x	as long as short
BloFin MSTR-USDT	+0.0438%	8h	162.55	+0.047%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0460%	1h	162.62	+0.088%	$55K	$223K	10x	as long as short
Bybit MSTRUSDT	+0.0544%	8h	162.51	+0.022%	$17.0M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0859%	1h	162.48	+0.004%	$276K	$430K	10x	as long as short
edgeX MSTRUSDC	+0.0901%	4h	162.71	+0.147%	$46K	$5.4M	10x	as long as short