MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0122%/8h= −13.3% APRnext payment −$1.22 per $10,000 · paid last 24h −0.068%

Price spread now: Bitget against Binance+0.031%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.031%, 7d avg −0.014%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.045% dearer against Binance than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.014%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.073% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	167.62	0.0333	pay 0.0333% / 8h	3h 23m	$88.1M	$499.2M	50x
Short	Bitget MSTRUSDT	167.67	0.0211	get 0.0211% / 8h	3h 23m	$32.0M	$99.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$25.54
Price spread: +0.031% → −0.014%: $4.48
Slippage, 4 orders: −$6.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.62
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 9 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 Binance live order book, 13 min ago	0.30 bp	5.9 bp −$6	8.6 bp −$86	24.0 bp −$2,403	98.6 bp −$49.3K
Sell Bitget live order book, 9 min ago	0.30 bp	8.1 bp −$8	12.6 bp −$126	46.2 bp −$4,615	doesn't fit

MSTR on 32 exchanges

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
Extended MSTR_24_5-USD	−0.0544%	1h	167.46	−0.092%	$1.4M	$2.8M	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	167.68	+0.037%	$4.8M	$17.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.65	+0.019%	$2.8M	$86K	10x	as long as short
Nado MSTR-PERP	+0.0021%	1h	167.61	−0.008%	$141K	$139K	3x	as long as short
Lighter MSTR	+0.0032%	1h	167.58	−0.023%	$3.6M	$1.7M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	165.22	−1.431%	$7K	$28K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.83	+0.127%	—	$1.6M	25x	as long as short
Bybit MSTRUSDT	+0.0047%	8h	167.63	+0.007%	$15.0M	$39.0M	50x	as long as short
QFEX MSTR-USD	+0.0048%	1h	167.61	−0.005%	$1.3M	$5.4M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	167.61	−0.005%	$385K	$2.5M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	167.59	−0.017%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	167.61	−0.005%	$672K	$3.5M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	167.10	−0.309%	$1.4M	$395K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0072%	8h	167.56	−0.035%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	167.54	−0.048%	$103K	$64K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	167.56	−0.035%	$2.4M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	167.66	+0.025%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.62	+0.001%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	167.63	+0.009%	$139	$100	10x	as long as short
tradeXYZ xyz:MSTR	+0.0146%	1h	167.57	−0.029%	$55.5M	$32.6M	10x	as long as short
Aster MSTRUSDT	+0.0179%	8h	167.58	−0.023%	$1.8M	$5.8M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0194%	8h	167.65	+0.019%	$22.1M	$76.1M	50x	as long as short
RISEx MSTR/USDC	+0.0198%	1h	167.63	+0.010%	$305K	$322K	10x	as long as short
Bitget MSTRUSDTshort	+0.0211%	8h	167.67	+0.031%	$32.0M	$99.0M	25x
GRVT MSTR_USDT_Perp	+0.0223%	8h	167.76	+0.082%	$87K	$971K	10x	as long as short
Variational Omni MSTR	+0.0249%	8h	167.80	+0.108%	$1.2M	$1.6M	—	as long as short
Phoenix MSTR	+0.0273%	1h	167.52	−0.059%	$56K	$215K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0287%	1h	167.60	−0.011%	$285K	$163K	10x	as long as short
Binance MSTRUSDTlong	+0.0333%	8h	167.62	long leg	$88.1M	$499.2M	50x
BloFin MSTR-USDT	+0.0455%	8h	167.66	+0.025%	$1.1M	$1.8M	20x	as long as short
edgeX MSTRUSDC	+0.0661%	4h	167.67	+0.031%	$54K	$4.4M	10x	as long as short
Arcus MSTR-USD	+0.0765%	1h	167.70	+0.049%	$28K	$69K	10x	as long as short