Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.041%
Price spread now: BloFin against Binance+0.065%51s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 2 days (all we have)+0.076%+$8 · spread now +0.065%, 7d avg +0.019%
=The price spread pays, funding is against you. BloFin is 0.046% dearer against Binance than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.019%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.234%, so the current rate has only just turned against you. The two prices were read 51 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 | Binance MSTRUSDT | 169.26 | 0.0064 | pay 0.0064% / 8h | 40m 14s | $89.2M | $628.9M | 50x |
| Short | BloFin MSTR-USDT | 169.37 | 0.0046 | get 0.0046% / 8h | 40m 14s | $1.1M | $1.8M | 20x |
Binance MSTRUSDT
BloFin MSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$3.8
- Price spread: +0.065% → +0.019%
- $4.58
- Slippage, 4 orders
- −$5.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$26.82
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago | 0.29 bp | 6.1 bp −$6 | 8.7 bp −$87 | 27.7 bp −$2,771 | 119.6 bp −$59.8K |
| Sell BloFin live order book, 3 min ago | 0.59 bp | 8.3 bp −$8 | 9.9 bp −$99 | 18.7 bp −$1,867 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | 0.0000% | 8h | 169.36 | +0.059% | $1.3M | $6.1M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.22 | −0.024% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.42 | +0.097% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.42 | +0.095% | $2.9M | $65K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0001% | 1h | 169.28 | +0.012% | $276K | $442K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0025% | 8h | 169.24 | −0.012% | $22.1M | $106.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.41 | +0.089% | — | $2.1M | 25x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0046% | 8h | 169.45 | +0.112% | $77K | $879K | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.0046% | 8h | 169.37 | +0.065% | $1.1M | $1.8M | 20x | |
| QFEX MSTR-USD | +0.0049% | 1h | 169.28 | +0.012% | $1.5M | $10.2M | 10x | as long as short |
Aster MSTRUSDT
Gate MSTR_USDT
Variational Omni MSTR
Phemex MSTRUSDT
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Vest MSTR-USD-PERP
GRVT MSTR_USDT_Perp
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.22 | −0.024% | $389K | $2.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.19 | −0.041% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.19 | −0.041% | $782K | $5.2M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0056% | 1h | 169.17 | −0.055% | $583K | $1.8M | 10x | as long as short |
| Nado MSTR-PERP | +0.0061% | 1h | 169.19 | −0.044% | $139K | $97K | 3x | as long as short |
| Bitget MSTRUSDT | +0.0063% | 8h | 169.20 | −0.035% | $28.7M | $120.0M | 25x | as long as short |
| Binance MSTRUSDTlong | +0.0064% | 8h | 169.26 | long leg | $89.2M | $628.9M | 50x | |
| Coinbase International MSTR-PERP-INTX | +0.0096% | 1h | 169.32 | +0.035% | $1.5M | $1.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.27 | +0.005% | $105K | $87K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.22 | −0.024% | $2.5M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.22 | −0.024% | $4K | $357K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.19 | −0.041% | $3K | $11K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0104% | 1h | 169.08 | −0.106% | $13K | $21K | 30x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.21 | −0.027% | $140 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.0110% | 8h | 169.30 | +0.024% | $15.2M | $40.5M | 50x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 169.17 | −0.053% | $3.6M | $2.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 169.26 | +0.001% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0212% | 1h | 169.24 | −0.012% | $57.1M | $37.5M | 10x | as long as short |
| Phoenix MSTR | +0.0260% | 1h | 169.52 | +0.155% | $57K | $392K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0696% | 1h | 169.31 | +0.030% | $288K | $438K | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 169.37 | +0.065% | $27K | $129K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0778% | 4h | 169.65 | +0.230% | $47K | $5.5M | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Extended MSTR_24_5-USD
Nado MSTR-PERP
Bitget MSTRUSDT
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Injective MSTR/USDC PERP
Aevo MSTR-PERP
Bybit MSTRUSDT
Lighter MSTR
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD
edgeX MSTRUSDC