MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h +0.035%

Price spread now: Binance against Bitget+0.035%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$290.295% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 2 days (all we have)−0.069%−$7 · spread now +0.035%, 7d avg −0.020%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.056% dearer against Bitget than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.020%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.062%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MSTRUSDT	169.28	0.0035	pay 0.0035% / 8h	1h 19m	$28.8M	$119.5M	25x
Short	Binance MSTRUSDT	169.34	0	get 0.0000% / 8h	1h 19m	$89.4M	$629.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: −$7.35
Price spread: +0.035% → −0.020%: $5.59
Slippage, 4 orders: −$7.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.24
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Binance: 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 Bitget live order book, 4 min ago	0.59 bp	8.9 bp −$9	13.8 bp −$138	24.9 bp −$2,489	doesn't fit
Sell Binance live order book, 9 min ago	0.30 bp	6.2 bp −$6	8.8 bp −$88	26.9 bp −$2,694	119.1 bp −$59.6K

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
Nado MSTR-PERP	−0.0079%	1h	169.23	−0.028%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.18	−0.059%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDTshort	0.0000%	8h	169.34	+0.035%	$89.4M	$629.2M	50x
OKX MSTR-USDT-SWAP	0.0000%	8h	169.34	+0.035%	$22.1M	$107.0M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.35	+0.044%	$276K	$442K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.26	−0.012%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.35	+0.044%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.29	+0.007%	$83K	$935K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.26	−0.012%	$2.9M	$62K	10x	as long as short
BloFin MSTR-USDT	+0.0020%	8h	169.47	+0.112%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.21	−0.041%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.20	−0.047%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDTlong	+0.0035%	8h	169.28	long leg	$28.8M	$119.5M	25x
QFEX MSTR-USD	+0.0042%	1h	169.37	+0.053%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.37	+0.053%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.30	+0.012%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.25	−0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.16	−0.071%	$782K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.366%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0063%	8h	169.33	+0.030%	$15.2M	$40.8M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0084%	8h	169.31	+0.019%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0092%	1h	169.24	−0.024%	$57.0M	$37.7M	10x	as long as short
edgeX MSTRUSDC	+0.0099%	4h	169.17	−0.066%	$47K	$5.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.26	−0.014%	$104K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.14	−0.083%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	−0.130%	$4K	$552K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.27	−0.006%	$3K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.28	+0.002%	$141	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	168.76	−0.306%	$56K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	+0.006%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.41	+0.077%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0696%	1h	169.28	0.000%	$288K	$439K	10x	as long as short