Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h −0.040%
Price spread now: Bybit against BloFin−0.055%112s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.055%, 7d avg 0.000%
=Funding pays, the price is against you. Bybit is 0.055% cheaper against BloFin than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of 0.000%). If the spread goes back, that is −$5 on $10k: about 4.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.183%, so the current rate has only just turned in your favour. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 163.93 | 0.0287 | pay 0.0287% / 8h | 2h 49m | $1.0M | $2.1M | 20x |
| Short | Bybit MSTRUSDT | 163.84 | 0.0333 | get 0.0333% / 8h | 2h 49m | $16.7M | $41.2M | 50x |
BloFin MSTR-USDT
Bybit MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $9.67
- Price spread: −0.055% → 0.000%
- −$5.48
- Slippage, 4 orders
- −$13.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$32.72
- Costs to cover
- 0.369%
- Break-even
- 30.7 days
Slippage from BloFin: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 1.83 bp | 8.8 bp −$9 | 10.9 bp −$109 | 17.5 bp −$1,746 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.83 bp | 9.2 bp −$9 | 13.9 bp −$139 | 122.3 bp −$12.2K | 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 | −0.0973% | 8h | 163.93 | 0.000% | $27.0M | $117.0M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.76 | −0.105% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.89 | −0.024% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.01 | +0.049% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.56 | −0.223% | $596K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.300% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.85 | −0.049% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.48 | −0.275% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.69 | −0.146% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.77 | −0.098% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow 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 | 163.71 | −0.134% | $830K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.71 | −0.134% | $1.4M | $7.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0063% | 8h | 163.83 | −0.061% | $20.6M | $99.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.77 | −0.098% | $266K | $446K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.74 | −0.115% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.66 | −0.165% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.69 | −0.146% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.74 | −0.116% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0103% | 8h | 163.88 | −0.033% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.76 | −0.101% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0111% | 8h | 163.71 | −0.135% | $65 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0168% | 8h | 163.91 | −0.013% | $79K | $838K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.220% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0171% | 8h | 163.72 | −0.127% | $85.7M | $619.5M | 50x | as long as short |
| Lighter MSTR | +0.0224% | 1h | 163.72 | −0.128% | $3.5M | $1.9M | 10x | as long as short |
| BloFin MSTR-USDTlong | +0.0287% | 8h | 163.93 | long leg | $1.0M | $2.1M | 20x | |
| Bybit MSTRUSDTshort | +0.0333% | 8h | 163.84 | −0.055% | $16.7M | $41.2M | 50x | |
| Nado MSTR-PERP | +0.0342% | 1h | 163.60 | −0.199% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0349% | 1h | 163.72 | −0.128% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.90 | −0.018% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0496% | 4h | 163.67 | −0.160% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0973% | 1h | 163.74 | −0.116% | $278K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
Lighter MSTR
Nado MSTR-PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL