MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0242%/8h= +26.5% APRnext payment +$2.42 per $10,000 · paid last 24h +0.032%

Price spread now: BloFin against OKX+0.134%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.134%, 7d avg +0.003%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.131% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSTR-USDT-SWAP	164.10	0.0037	pay 0.0037% / 8h	3h 42m	$20.6M	$99.4M	50x
Short	BloFin MSTR-USDT	164.32	0.0278	get 0.0278% / 8h	3h 42m	$1.0M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.134%Rate

Funding earned: $50.8
Price spread: +0.134% → +0.003%: $13.14
Slippage, 4 orders: −$6.74
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $35.19
Costs to cover: 0.287%
Break-even: 2.2 days

Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 5 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 OKX live order book, 1 min ago	0.30 bp	6.1 bp −$6	10.1 bp −$101	69.6 bp −$6,956	doesn't fit
Sell BloFin live order book, 5 min ago	0.61 bp	7.9 bp −$8	10.3 bp −$103	24.3 bp −$2,427	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
Bitget MSTRUSDT	−0.0885%	8h	164.28	+0.110%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.24	+0.083%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.20	+0.061%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.32	+0.134%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.91	−0.113%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.193%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAPlong	+0.0037%	8h	164.10	long leg	$20.6M	$99.4M	50x
edgeX MSTRUSDC	+0.0038%	4h	164.50	+0.241%	$49K	$5.3M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.40	+0.183%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.97	−0.079%	—	$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	164.00	−0.061%	$379K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.28	+0.110%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.27	+0.104%	$855K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.10	0.000%	$1.4M	$7.3M	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.09	−0.006%	$3.5M	$1.9M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.14	+0.025%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.22	+0.073%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.28	+0.110%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.30	+0.122%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0101%	8h	164.45	+0.211%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.34	+0.143%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	164.08	−0.011%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.02	−0.048%	$86.7M	$615.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0167%	8h	164.42	+0.194%	$75K	$803K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.21	+0.067%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.10	+0.003%	$266K	$445K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0245%	1h	164.06	−0.024%	$54.6M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0256%	1h	164.09	−0.009%	$121K	$148K	3x	as long as short
BloFin MSTR-USDTshort	+0.0278%	8h	164.32	+0.134%	$1.0M	$2.0M	20x
Bybit MSTRUSDT	+0.0332%	8h	164.11	+0.006%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.53	+0.263%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1030%	1h	164.33	+0.140%	$279K	$438K	10x	as long as short