MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0242%/8h= −26.4% APRnext payment −$2.42 per $10,000 · paid last 24h −0.052%

Price spread now: Orderly against BloFin−0.178%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.178% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	163.17	0.0342	pay 0.0342% / 8h	1h 44m	$1.0M	$2.1M	20x
Short	Orderly PERP_MSTR_USDC_mythos	162.88	0.0100	get 0.0100% / 8h	1h 44m	$2K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now −0.178%Rate

Funding earned: −$50.72
Price spread: −0.178% → 0.000%: −$17.77
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$86.5
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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	0.31 bp	8.0 bp −$8	10.6 bp −$106	23.8 bp −$2,377	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0892%	8h	163.14	−0.018%	$28.7M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.01	−0.098%	$4.7M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.39	+0.135%	$2.8M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0024%	8h	162.95	−0.133%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.71	−0.282%	$501K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.781%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.12	−0.031%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.68	−0.300%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.91	−0.159%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.90	−0.165%	$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	162.77	−0.245%	$841K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.99	−0.110%	$1.3M	$7.3M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.97	−0.121%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.92	−0.153%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.74	−0.264%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythosshort	+0.0100%	8h	162.88	−0.178%	$2K	$13K	10x
Aevo MSTR-PERP	+0.0104%	1h	162.89	−0.172%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0131%	8h	162.96	−0.129%	$20.7M	$100.4M	50x	as long as short
Lighter MSTR	+0.0136%	1h	162.92	−0.153%	$3.5M	$2.0M	10x	as long as short
Variational Omni MSTR	+0.0147%	8h	162.88	−0.180%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0150%	8h	162.94	−0.139%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−1.011%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0223%	8h	162.94	−0.141%	$83.7M	$628.5M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0230%	1h	162.91	−0.159%	$54.0M	$37.3M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0232%	8h	163.04	−0.080%	$79K	$876K	10x	as long as short
Phoenix MSTR	+0.0328%	1h	163.25	+0.048%	$55K	$223K	10x	as long as short
Nado MSTR-PERP	+0.0329%	1h	162.89	−0.174%	$130K	$157K	3x	as long as short
BloFin MSTR-USDTlong	+0.0342%	8h	163.17	long leg	$1.0M	$2.1M	20x
Bybit MSTRUSDT	+0.0381%	8h	162.93	−0.147%	$16.8M	$41.8M	50x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.99	−0.110%	$262K	$437K	10x	as long as short
edgeX MSTRUSDC	+0.0561%	4h	163.08	−0.053%	$46K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0856%	1h	162.92	−0.153%	$277K	$437K	10x	as long as short