MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.022%

Price spread now: Binance against BloFin−0.006%61s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as 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−$280.282% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.006%, 7d avg −0.018%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 61 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	BloFin MSTR-USDT	164.48	0.0260	pay 0.0260% / 8h	4h 14m	$1.0M	$2.0M	20x
Short	Binance MSTRUSDT	164.47	0.0140	get 0.0140% / 8h	4h 14m	$87.3M	$615.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.006%Rate

Funding earned: −$25.11
Price spread: −0.006% → −0.018%: $1.15
Slippage, 4 orders: −$6.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.13
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Binance: live order book, 15 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 BloFin live order book, 4 min ago	0.91 bp	9.1 bp −$9	9.7 bp −$97	19.1 bp −$1,909	50.5 bp −$25.2K
Sell Binance live order book, 15 min ago	0.30 bp	6.1 bp −$6	10.4 bp −$104	25.7 bp −$2,567	73.2 bp −$36.6K

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 MSTRUSDT	−0.0944%	8h	164.60	+0.073%	$27.8M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.46	−0.012%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.48	0.000%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.45	−0.018%	$2.8M	$74K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0009%	8h	164.46	−0.012%	$20.6M	$99.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.37	−0.067%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.27	−0.128%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.955%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.50	+0.012%	$267K	$448K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.52	+0.024%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.33	−0.091%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.41	−0.043%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.43	−0.030%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.28	−0.122%	$856K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.48	0.000%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0077%	8h	164.39	−0.057%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.45	−0.020%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.38	−0.061%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.38	−0.061%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.44	−0.024%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.45	−0.020%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0133%	8h	164.48	−0.003%	$66	—	5x	as long as short
Binance MSTRUSDTshort	+0.0140%	8h	164.47	−0.006%	$87.3M	$615.9M	50x
GRVT MSTR_USDT_Perp	+0.0160%	8h	164.59	+0.067%	$76K	$780K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.219%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.27	−0.126%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0227%	1h	164.38	−0.061%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0241%	1h	164.39	−0.054%	$121K	$148K	3x	as long as short
BloFin MSTR-USDTlong	+0.0260%	8h	164.48	long leg	$1.0M	$2.0M	20x
Bybit MSTRUSDT	+0.0350%	8h	164.49	+0.006%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0602%	1h	164.46	−0.012%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0731%	4h	164.47	−0.004%	$49K	$5.4M	10x	as long as short