MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1032%/8h= +113.0% APRnext payment +$10.32 per $10,000 · paid last 24h +0.002%

Price spread now: Gate against Bitget−0.085%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 7 days+0.079%+$8 · spread now −0.085%, 7d avg +0.002%

Together, before fees+0.339%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.087% cheaper against Bitget than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.002%). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.260% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.32 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	Bitget MSTRUSDT	164.43	−0.1169	get 0.1169% / 8h	6h 00m	$27.5M	$114.8M	25x
Short	Gate MSTR_USDT	164.29	−0.0137	pay 0.0137% / 8h	6h 00m	$4.6M	$19.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: $216.72
Price spread: −0.085% → +0.002%: −$8.68
Slippage, 4 orders: −$20.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $160.72
Costs to cover: 0.473%
Break-even: 1.8 days

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	0.30 bp	8.9 bp −$9	15.0 bp −$150	21.5 bp −$2,147	doesn't fit
Sell Gate live order book, 4 min ago	2.13 bp	13.8 bp −$14	40.8 bp −$408	doesn't fit	doesn't fit

MSTR on 31 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 MSTRUSDTlong	−0.1169%	8h	164.43	long leg	$27.5M	$114.8M	25x
Gate MSTR_USDTshort	−0.0137%	8h	164.29	−0.085%	$4.6M	$19.2M	50x
Aster MSTRUSDT	0.0000%	8h	164.26	−0.106%	$1.2M	$7.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.31	−0.073%	$20.8M	$99.2M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.40	−0.018%	$269K	$447K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.31	−0.073%	$2.8M	$69K	10x	as long as short
Variational Omni MSTR	+0.0016%	8h	164.41	−0.014%	$1.2M	$2.0M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.21	−0.134%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.16	−0.167%	$594K	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.53	+0.061%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.26	−0.103%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.29	−0.085%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.28	−0.091%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.25	−0.109%	$895K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.37	−0.036%	$1.4M	$7.9M	10x	as long as short
Binance MSTRUSDT	+0.0085%	8h	164.22	−0.128%	$87.6M	$619.0M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.38	−0.030%	$100K	$86K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.19	−0.146%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.40	−0.018%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.28	−0.091%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.28	−0.093%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0154%	8h	164.38	−0.032%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.31	−0.073%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0183%	1h	164.21	−0.134%	$55.0M	$36.6M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0202%	8h	164.53	+0.062%	$79K	$760K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0298%	1h	164.31	−0.073%	$279K	$438K	10x	as long as short
Nado MSTR-PERP	+0.0329%	1h	164.32	−0.068%	$122K	$149K	3x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.986%	$8K	$26K	30x	as long as short
Bybit MSTRUSDT	+0.0350%	8h	164.31	−0.073%	$17.0M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.51	+0.046%	$55K	$219K	10x	as long as short
edgeX MSTRUSDC	+0.0780%	4h	164.55	+0.073%	$50K	$5.5M	10x	as long as short