Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.95 per $10,000 · paid last 24h +0.020%
Price spread now: OKX against Orderly−0.055%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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.055% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 164.34 | 0.0100 | pay 0.0100% / 8h | 4h 36m | $3K | $8K | 10x |
| Short | OKX MSTR-USDT-SWAP | 164.25 | 0.0005 | get 0.0005% / 8h | 4h 36m | $20.6M | $99.6M | 50x |
Orderly PERP_MSTR_USDC_mythos
OKX MSTR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$19.91
- Price spread: −0.055% → 0.000%
- −$5.48
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$41.39
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 2 min ago | 0.30 bp | 7.4 bp −$7 | 13.2 bp −$132 | 60.4 bp −$6,041 | doesn't fit |
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 | −0.0883% | 8h | 164.47 | +0.079% | $27.7M | $115.1M | 25x | as long as short |
| Gate MSTR_USDT | −0.0036% | 8h | 164.30 | −0.024% | $4.6M | $18.5M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.31 | −0.020% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.41 | +0.043% | $2.8M | $72K | 10x | as long as short |
| OKX MSTR-USDT-SWAPshort | +0.0005% | 8h | 164.25 | −0.055% | $20.6M | $99.6M | 50x | |
| Lighter MSTR | +0.0032% | 1h | 164.32 | −0.012% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.13 | −0.128% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.042% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.40 | +0.033% | $267K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.59 | +0.152% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.23 | −0.067% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.22 | −0.073% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.35 | +0.006% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.08 | −0.158% | $866K | $4.1M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.38 | +0.024% | $1.4M | $7.5M | 10x | as long as short |
| Variational Omni MSTR | +0.0069% | 8h | 164.72 | +0.234% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.41 | +0.040% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.23 | −0.067% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.28 | −0.037% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 164.34 | long leg | $3K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.31 | −0.020% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0130% | 8h | 164.32 | −0.012% | $87.8M | $618.0M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0142% | 8h | 164.39 | +0.032% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0165% | 8h | 164.79 | +0.275% | $78K | $770K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.77 | +0.262% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.34 | −0.002% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0240% | 1h | 164.26 | −0.049% | $54.8M | $36.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0250% | 8h | 164.36 | +0.012% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0267% | 1h | 164.17 | −0.103% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0374% | 8h | 164.28 | −0.037% | $17.0M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0655% | 4h | 164.52 | +0.111% | $50K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0785% | 1h | 164.41 | +0.043% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL