MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.033%

Price spread now: Bybit against Bitget0.000%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days−0.032%−$3 · spread now 0.000%, 7d avg −0.011%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSTRUSDT	169.42	0.0067	pay 0.0067% / 8h	2h 06m	$28.8M	$120.0M	25x
Short	Bybit MSTRUSDT	169.42	0.0088	get 0.0088% / 8h	2h 06m	$15.2M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $4.36
Price spread: 0.000% → −0.011%: $1.12
Slippage, 4 orders: −$20.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.19
Costs to cover: 0.437%
Break-even: 68.3 days

Slippage from Bitget: live order book, 3 min ago; Bybit: 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 Bitget live order book, 3 min ago	0.59 bp	10.4 bp −$10	13.8 bp −$138	31.6 bp −$3,163	doesn't fit
Sell Bybit live order book, 3 min ago	0.29 bp	11.3 bp −$11	18.5 bp −$185	126.1 bp −$12.6K	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
Nado MSTR-PERP	−0.0070%	1h	169.30	−0.073%	$139K	$98K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.38	−0.026%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.42	0.000%	$88.6M	$630.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.43	+0.006%	$22.1M	$107.5M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.40	−0.012%	$277K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.38	−0.024%	$4.8M	$19.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.48	+0.036%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.49	+0.040%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.41	−0.006%	$2.9M	$59K	10x	as long as short
BloFin MSTR-USDT	+0.0014%	8h	169.41	−0.006%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.39	−0.018%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.29	−0.077%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.41	−0.006%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.55	+0.077%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.183%	$1.5M	$1.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.34	−0.047%	$406K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.40	−0.012%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.30	−0.071%	$752K	$5.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0062%	1h	169.38	−0.024%	$56.8M	$38.4M	10x	as long as short
Bitget MSTRUSDTlong	+0.0067%	8h	169.42	long leg	$28.8M	$120.0M	25x
Paradex MSTR-USD-PERP	+0.0084%	8h	169.37	−0.030%	$68	—	5x	as long as short
Bybit MSTRUSDTshort	+0.0088%	8h	169.42	0.000%	$15.2M	$41.2M	50x
Pacifica MSTR	+0.0100%	1h	169.33	−0.055%	$103K	$121K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.29	−0.077%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.40	−0.012%	$4K	$854K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.41	−0.006%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.40	−0.013%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.49	+0.042%	$57K	$396K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0341%	1h	169.42	0.000%	$288K	$439K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.49	+0.041%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.112%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0756%	4h	169.48	+0.035%	$48K	$5.4M	10x	as long as short