MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0178%/8h= −19.5% APRnext payment −$1.78 per $10,000 · paid last 24h +0.018%

Price spread now: Binance against Bybit−0.021%7-day average +0.026% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.021%, 7d avg +0.026%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.047% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSTRUSDT	164.49	0.0339	pay 0.0339% / 8h	3h 46m	$16.8M	$40.8M	50x
Short	Binance MSTRUSDT	164.46	0.0161	get 0.0161% / 8h	3h 46m	$86.9M	$615.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$37.34
Price spread: −0.021% → +0.026%: −$4.66
Slippage, 4 orders: −$9.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.1
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 13 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 Bybit live order book, 2 min ago	0.91 bp	8.9 bp −$9	15.4 bp −$154	135.5 bp −$13.5K	doesn't fit
Sell Binance live order book, 13 min ago	0.30 bp	6.0 bp −$6	9.5 bp −$95	31.1 bp −$3,113	83.5 bp −$41.8K

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	−0.0882%	8h	164.60	+0.067%	$27.9M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.43	−0.037%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.49	0.000%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.49	0.000%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.22	−0.161%	$593K	$1.9M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0033%	8h	164.46	−0.018%	$20.7M	$99.6M	50x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.949%	$8K	$26K	30x	as long as short
Lighter MSTR	+0.0040%	1h	164.36	−0.079%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.53	+0.024%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.31	−0.109%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.40	−0.055%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.38	−0.067%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.26	−0.140%	$855K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.43	−0.036%	$1.4M	$7.3M	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	164.47	−0.014%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.36	−0.078%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.36	−0.079%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−0.152%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.46	−0.018%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.42	−0.042%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.35	−0.084%	$66	—	5x	as long as short
Binance MSTRUSDTshort	+0.0161%	8h	164.46	−0.021%	$86.9M	$615.8M	50x
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.225%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.40	−0.055%	$75K	$803K	10x	as long as short
edgeX MSTRUSDC	+0.0198%	4h	164.28	−0.129%	$49K	$5.3M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.44	−0.033%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0246%	1h	164.27	−0.135%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0247%	1h	164.40	−0.055%	$54.8M	$37.0M	10x	as long as short
BloFin MSTR-USDT	+0.0282%	8h	164.38	−0.067%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDTlong	+0.0339%	8h	164.49	long leg	$16.8M	$40.8M	50x
Phoenix MSTR	+0.0340%	1h	164.38	−0.067%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0541%	1h	164.47	−0.012%	$280K	$438K	10x	as long as short