MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0951%/8h= +104.2% APRnext payment +$9.51 per $10,000 · paid last 24h +0.015%

Price spread now: OKX against Bitget−0.146%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 7 days+0.137%+$14 · spread now −0.146%, 7d avg −0.006%

Together, before fees+0.224%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.140% cheaper against Bitget than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.006%). If the spread goes back, that is −$14 on $10k: about 12 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.087% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.51 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	Bitget MSTRUSDT	164.61	−0.0943	get 0.0943% / 8h	4h 16m	$27.8M	$115.1M	25x
Short	OKX MSTR-USDT-SWAP	164.37	0.0008	get 0.0008% / 8h	4h 16m	$20.6M	$99.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.146%Rate

Funding earned: $199.74
Price spread: −0.146% → −0.006%: −$13.97
Slippage, 4 orders: −$8.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $155.49
Costs to cover: 0.303%
Break-even: 1.6 days

Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	0.61 bp	8.4 bp −$8	13.2 bp −$132	34.3 bp −$3,427	doesn't fit
Sell OKX live order book, 3 min ago	0.30 bp	6.5 bp −$6	11.7 bp −$117	54.7 bp −$5,473	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 MSTRUSDTlong	−0.0943%	8h	164.61	long leg	$27.8M	$115.1M	25x
Aster MSTRUSDT	0.0000%	8h	164.44	−0.102%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.43	−0.109%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.41	−0.121%	$2.8M	$74K	10x	as long as short
OKX MSTR-USDT-SWAPshort	+0.0008%	8h	164.37	−0.146%	$20.6M	$99.4M	50x
Lighter MSTR	+0.0032%	1h	164.34	−0.164%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.25	−0.216%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.873%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.47	−0.085%	$267K	$448K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.53	−0.049%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.31	−0.182%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.37	−0.146%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.37	−0.146%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.34	−0.164%	$856K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.43	−0.109%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0075%	8h	164.40	−0.125%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.41	−0.120%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.35	−0.158%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.31	−0.182%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.36	−0.152%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.38	−0.137%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	164.42	−0.117%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0140%	8h	164.41	−0.121%	$87.3M	$616.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0159%	8h	164.50	−0.069%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.298%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.27	−0.205%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0229%	1h	164.33	−0.170%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0242%	1h	164.32	−0.174%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0258%	8h	164.53	−0.049%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0350%	8h	164.43	−0.109%	$17.0M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0500%	4h	164.46	−0.091%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0785%	1h	164.44	−0.103%	$280K	$438K	10x	as long as short