MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against Bybit−0.053%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.053%, 7d avg +0.012%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.066% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.158%, 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	Bybit MSTRUSDT	168.80	0.0039	pay 0.0039% / 8h	7h 29m	$15.2M	$39.2M	50x
Short	Gate MSTR_USDT	168.71	0	get 0.0000% / 8h	7h 29m	$4.7M	$18.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.053%Rate

Funding earned: −$8.25
Price spread: −0.053% → +0.012%: −$6.57
Slippage, 4 orders: −$22.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.59
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: 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 Bybit live order book, 4 min ago	0.89 bp	8.8 bp −$9	14.5 bp −$145	140.9 bp −$14.1K	doesn't fit
Sell Gate live order book, 4 min ago	2.67 bp	15.9 bp −$16	25.8 bp −$258	doesn't fit	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
Nado MSTR-PERP	−0.0045%	1h	168.63	−0.098%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.80	+0.002%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.72	−0.047%	$21.7M	$101.1M	50x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	168.71	−0.053%	$4.7M	$18.9M	50x
Bitget MSTRUSDT	0.0000%	8h	168.79	−0.006%	$28.4M	$113.9M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.68	−0.072%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.69	−0.065%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.77	−0.018%	$2.8M	$66K	10x	as long as short
BloFin MSTR-USDT	+0.0019%	8h	168.70	−0.059%	$1.1M	$1.9M	20x	as long as short
Lighter MSTR	+0.0032%	1h	168.69	−0.065%	$3.6M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	168.71	−0.053%	$579K	$1.8M	10x	as long as short
Binance MSTRUSDT	+0.0035%	8h	168.80	0.000%	$89.0M	$615.4M	50x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.70	−0.059%	$1.4M	$9.2M	10x	as long as short
Bybit MSTRUSDTlong	+0.0039%	8h	168.80	long leg	$15.2M	$39.2M	50x
Arcus MSTR-USD	+0.0040%	1h	168.67	−0.077%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.69	−0.065%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.65	−0.089%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.73	−0.041%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.59	−0.124%	$756K	$5.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.201%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0092%	8h	168.73	−0.043%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.75	−0.029%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.69	−0.065%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.29	−0.302%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.75	−0.030%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.73	−0.041%	$140	—	10x	as long as short
edgeX MSTRUSDC	+0.0123%	4h	168.59	−0.127%	$47K	$5.5M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0212%	1h	168.72	−0.047%	$56.9M	$35.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.320%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.25	−0.329%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.81	+0.004%	$275K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0521%	1h	168.76	−0.024%	$287K	$438K	10x	as long as short