MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0364%/8h= +39.9% APRnext payment +$3.64 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against Gate−0.074%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.074%, 7d avg −0.011%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.063% cheaper against Gate than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.011%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.64 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	Gate MSTR_USDT	162.93	0	get 0.0000% / 8h	2h 34m	$4.6M	$19.5M	50x
Short	Bybit MSTRUSDT	162.81	0.0364	get 0.0364% / 8h	2h 34m	$16.6M	$41.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.074%Rate

Funding earned: $76.53
Price spread: −0.074% → −0.011%: −$6.26
Slippage, 4 orders: −$18.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $25.38
Costs to cover: 0.449%
Break-even: 4.7 days

Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 9 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 Gate live order book, 4 min ago	1.23 bp	10.3 bp −$10	32.3 bp −$323	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	0.92 bp	11.5 bp −$12	16.6 bp −$166	124.0 bp −$12.4K	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	−0.1060%	8h	163.06	+0.080%	$27.0M	$117.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	162.75	−0.113%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	162.93	long leg	$4.6M	$19.5M	50x
Phemex MSTRUSDT	0.0000%	4h	163.14	+0.129%	$2.7M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.61	−0.196%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.934%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERP	+0.0040%	1h	162.50	−0.264%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.08	+0.092%	$26K	$109K	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.14	+0.129%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.88	−0.031%	$856K	$3.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0051%	1h	163.09	+0.098%	$377K	$2.7M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.84	−0.055%	$1.4M	$7.2M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.84	−0.056%	$264K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0090%	8h	162.75	−0.110%	$20.7M	$99.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	162.83	−0.061%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.74	−0.117%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.88	−0.031%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.17	+0.147%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.18	+0.151%	$135	—	10x	as long as short
Variational Omni MSTR	+0.0124%	8h	163.00	+0.043%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0150%	8h	162.76	−0.105%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	162.54	−0.239%	$1.4M	$1.1M	10x	as long as short
Lighter MSTR	+0.0192%	1h	162.77	−0.098%	$3.4M	$1.9M	10x	as long as short
Binance MSTRUSDT	+0.0194%	8h	162.72	−0.129%	$84.4M	$624.7M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0200%	8h	163.11	+0.108%	$79K	$831K	10x	as long as short
edgeX MSTRUSDC	+0.0208%	4h	162.93	+0.001%	$48K	$5.4M	10x	as long as short
BloFin MSTR-USDT	+0.0313%	8h	163.21	+0.172%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0362%	1h	163.10	+0.104%	$55K	$226K	10x	as long as short
Bybit MSTRUSDTshort	+0.0364%	8h	162.81	−0.074%	$16.6M	$41.3M	50x
tradeXYZ xyz:MSTR	+0.0371%	1h	162.77	−0.098%	$54.2M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0379%	1h	162.64	−0.176%	$130K	$156K	3x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1284%	1h	163.22	+0.178%	$278K	$438K	10x	as long as short