MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0272%/8h= −29.8% APRnext payment −$2.72 per $10,000 · paid last 24h −0.012%

Price spread now: Orderly against Bybit+0.012%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 50 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	Bybit MSTRUSDT	164.00	0.0372	pay 0.0372% / 8h	2h 04m	$16.9M	$41.9M	50x
Short	Orderly PERP_MSTR_USDC_mythos	164.02	0.0100	get 0.0100% / 8h	2h 04m	$2K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.012%Rate

Funding earned: −$57.1
Price spread: +0.012% → 0.000%: $1.22
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$72.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	1.22 bp	10.1 bp −$10	14.9 bp −$149	128.5 bp −$12.8K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1014%	8h	164.15	+0.091%	$28.4M	$119.0M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.01	+0.006%	$4.7M	$19.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.77	−0.140%	$2.8M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0018%	8h	163.89	−0.070%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.81	−0.116%	$511K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.256%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERP	+0.0033%	1h	164.12	+0.073%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.03	+0.018%	$26K	$113K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.01	+0.006%	$378K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.92	−0.049%	$853K	$4.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0054%	1h	163.90	−0.061%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.97	−0.018%	$264K	$442K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.86	−0.085%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.93	−0.043%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.94	−0.037%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythosshort	+0.0100%	8h	164.02	+0.012%	$2K	$13K	10x
Aevo MSTR-PERP	+0.0104%	1h	163.98	−0.014%	$136	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0122%	8h	163.96	−0.024%	$20.8M	$101.1M	50x	as long as short
Lighter MSTR	+0.0128%	1h	163.90	−0.061%	$3.5M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0144%	8h	163.95	−0.028%	$66	—	5x	as long as short
Variational Omni MSTR	+0.0147%	8h	164.18	+0.107%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−1.512%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0220%	8h	163.93	−0.044%	$84.1M	$629.0M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0236%	1h	163.86	−0.085%	$54.3M	$37.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0236%	8h	164.07	+0.045%	$79K	$854K	10x	as long as short
Nado MSTR-PERP	+0.0333%	1h	163.95	−0.032%	$131K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0341%	8h	163.97	−0.018%	$1.0M	$2.1M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0360%	1h	163.92	−0.049%	$279K	$438K	10x	as long as short
Phoenix MSTR	+0.0362%	1h	163.88	−0.073%	$56K	$226K	10x	as long as short
Bybit MSTRUSDTlong	+0.0372%	8h	164.00	long leg	$16.9M	$41.9M	50x
SoDEX MSTR-USD	+0.0416%	1h	163.97	−0.018%	$43K	$3K	10x	as long as short
edgeX MSTRUSDC	+0.0838%	4h	164.00	+0.002%	$46K	$5.4M	10x	as long as short