MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0282%/8h= +30.9% APRnext payment +$2.82 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against Binance−0.003%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.003%, 7d avg −0.023%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	162.86	0.0325	pay 0.0325% / 8h	7h 33m	$84.4M	$617.9M	50x
Short	Bybit MSTRUSDT	162.85	0.0607	get 0.0607% / 8h	7h 33m	$17.1M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.003%Rate

Funding earned: $59.21
Price spread: −0.003% → −0.023%: $1.99
Slippage, 4 orders: −$8.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $31.41
Costs to cover: 0.298%
Break-even: 3.3 days

Slippage from Binance: live order book, 11 min ago; Bybit: 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 Binance live order book, 11 min ago	0.31 bp	5.9 bp −$6	9.6 bp −$96	32.4 bp −$3,241	148.0 bp −$74.0K
Sell Bybit live order book, 5 min ago	0.92 bp	8.6 bp −$9	14.6 bp −$146	103.6 bp −$10.4K	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	−0.0051%	8h	162.89	+0.021%	$30.6M	$118.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.85	−0.003%	$4.7M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.85	−0.003%	$2.7M	$86K	10x	as long as short
edgeX MSTRUSDC	+0.0032%	4h	162.99	+0.084%	$47K	$5.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.78	−0.046%	$593K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.982%	$8K	$25K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.98	+0.077%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.78	−0.046%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.83	−0.015%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.83	−0.015%	$43K	$3K	10x	as long as short

Show 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	162.95	+0.058%	$902K	$3.7M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	162.90	+0.028%	$1.3M	$7.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.82	−0.020%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.88	+0.015%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.87	+0.009%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.88	+0.015%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.92	+0.042%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.62	−0.144%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0130%	8h	162.93	+0.047%	$1.8M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0177%	8h	162.87	+0.010%	$65	—	5x	as long as short
Lighter MSTR	+0.0184%	1h	162.85	−0.003%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0190%	1h	162.79	−0.041%	$125K	$157K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0235%	8h	162.84	−0.009%	$20.8M	$98.2M	50x	as long as short
Variational Omni MSTR	+0.0245%	8h	163.03	+0.106%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDTlong	+0.0325%	8h	162.86	long leg	$84.4M	$617.9M	50x
RISEx MSTR/USDC	+0.0400%	1h	162.89	+0.023%	$268K	$402K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0435%	1h	162.81	−0.028%	$53.6M	$37.5M	10x	as long as short
BloFin MSTR-USDT	+0.0445%	8h	162.87	+0.009%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0460%	1h	163.06	+0.125%	$55K	$223K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0487%	1h	162.85	−0.003%	$277K	$430K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0522%	8h	163.04	+0.114%	$84K	$846K	10x	as long as short
Bybit MSTRUSDTshort	+0.0607%	8h	162.85	−0.003%	$17.1M	$41.2M	50x