Funding you earn now, next payment 00:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.041%
Price spread now: Binance against BloFin+0.024%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$300.295% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 2 days (all we have)−0.220%−$22 · spread now +0.024%, 7d avg −0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.043% dearer against BloFin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 169.02 | 0.0007 | pay 0.0007% / 8h | 1h 46m | $1.1M | $1.8M | 20x |
| Short | Binance MSTRUSDT | 169.06 | 0 | get 0.0000% / 8h | 1h 46m | $88.3M | $629.3M | 50x |
BloFin MSTR-USDT
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$1.5
- Price spread: +0.024% → −0.019%
- $4.29
- Slippage, 4 orders
- −$7.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.74
- Costs to cover
- 0.295%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 12 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 BloFin live order book, 6 min ago | 1.77 bp | 8.0 bp −$8 | 10.0 bp −$100 | 22.8 bp −$2,277 | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.29 bp | 6.7 bp −$7 | 11.0 bp −$110 | 30.1 bp −$3,013 | 145.4 bp −$72.7K |
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 | −0.0083% | 1h | 169.09 | +0.039% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.03 | +0.007% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDTshort | 0.0000% | 8h | 169.06 | +0.024% | $88.3M | $629.3M | 50x | |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.02 | 0.000% | $22.0M | $106.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.10 | +0.047% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.03 | +0.006% | $4.8M | $19.3M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.20 | +0.107% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.23 | +0.125% | $74K | $935K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.01 | −0.006% | $2.9M | $60K | 10x | as long as short |
| BloFin MSTR-USDTlong | +0.0007% | 8h | 169.02 | long leg | $1.1M | $1.8M | 20x |
Nado MSTR-PERP
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 168.93 | −0.053% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.99 | −0.019% | $585K | $1.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.07 | +0.030% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.12 | +0.059% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.01 | −0.006% | $403K | $2.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 168.96 | −0.035% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.09 | +0.041% | $753K | $5.1M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0051% | 8h | 169.02 | 0.000% | $28.8M | $119.8M | 25x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | −0.053% | $1.5M | $1.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0079% | 8h | 169.09 | +0.043% | $68 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.0082% | 8h | 169.08 | +0.035% | $15.2M | $40.9M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.04 | +0.009% | $103K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.04 | +0.012% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.02 | 0.000% | $4K | $661K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.07 | +0.030% | $3K | $12K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0103% | 1h | 169.10 | +0.047% | $56.9M | $38.0M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.06 | +0.021% | $140 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0223% | 1h | 169.07 | +0.030% | $287K | $439K | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.12 | +0.057% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.25 | +0.136% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.16 | +0.083% | $27K | $134K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0654% | 4h | 169.21 | +0.114% | $48K | $5.4M | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Bitget MSTRUSDT
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Bybit MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
tradeXYZ xyz:MSTR
Aevo MSTR-PERP
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
edgeX MSTRUSDC