Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.5% APRnext payment +$1.32 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against Orderly−0.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 163.18 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $2K | $13K | 10x |
| Short | Binance MSTRUSDT | 163.15 | 0.0232 | get 0.0232% / 8h | 1h 27m | $83.9M | $627.5M | 50x |
Orderly PERP_MSTR_USDC_mythos
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $27.77
- Price spread: −0.018% → 0.000%
- −$1.84
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $9.93
- Costs to cover
- 0.160%
- Break-even
- 4.5 days
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 2 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 0.61 bp | 6.2 bp −$6 | 10.8 bp −$108 | 36.4 bp −$3,637 | 132.7 bp −$66.3K |
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 | −0.0940% | 8h | 163.32 | +0.086% | $28.7M | $118.7M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.17 | −0.006% | $4.7M | $19.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.07 | −0.067% | $2.7M | $79K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.94 | −0.147% | $508K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.775% | $8K | $26K | 30x | as long as short |
| Aster MSTRUSDT | +0.0036% | 8h | 163.09 | −0.052% | $1.8M | $8.7M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.92 | −0.159% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.69 | −0.300% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.97 | −0.129% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.07 | −0.067% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Aster MSTRUSDT
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.82 | −0.221% | $849K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0057% | 1h | 163.04 | −0.086% | $1.3M | $7.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.05 | −0.077% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.97 | −0.129% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.70 | −0.294% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 163.18 | long leg | $2K | $13K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.12 | −0.037% | $135 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0150% | 8h | 163.14 | −0.025% | $20.7M | $100.3M | 50x | as long as short |
| Variational Omni MSTR | +0.0151% | 8h | 162.75 | −0.266% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.06 | −0.074% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.017% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0166% | 8h | 163.01 | −0.102% | $65 | — | 5x | as long as short |
| Binance MSTRUSDTshort | +0.0232% | 8h | 163.15 | −0.018% | $83.9M | $627.5M | 50x | |
| GRVT MSTR_USDT_Perp | +0.0242% | 8h | 162.87 | −0.190% | $77K | $878K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0278% | 1h | 163.03 | −0.092% | $54.1M | $37.4M | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 162.77 | −0.251% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0352% | 8h | 163.17 | −0.006% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0354% | 1h | 162.89 | −0.178% | $130K | $157K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.12 | −0.037% | $264K | $428K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0385% | 8h | 163.15 | −0.018% | $16.8M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0496% | 4h | 162.92 | −0.162% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1039% | 1h | 163.12 | −0.037% | $277K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Lighter MSTR
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
Phoenix MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL