MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0129%/8h= +14.1% APRnext payment +$1.29 per $10,000 · paid last 24h +0.010%

Price spread now: Binance against OKX−0.032%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.032%, 7d avg +0.022%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.054% cheaper against OKX than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.022%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSTR-USDT-SWAP	164.46	0.0032	pay 0.0032% / 8h	3h 46m	$20.7M	$99.6M	50x
Short	Binance MSTRUSDT	164.41	0.0161	get 0.0161% / 8h	3h 46m	$86.8M	$615.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.032%Rate

Funding earned: $26.99
Price spread: −0.032% → +0.022%: −$5.42
Slippage, 4 orders: −$5.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.87
Costs to cover: 0.254%
Break-even: 8.0 days

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	0.30 bp	7.6 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.30 bp	6.0 bp −$6	9.5 bp −$95	31.1 bp −$3,113	83.5 bp −$41.8K

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	−0.0882%	8h	164.57	+0.067%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.46	0.000%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.45	−0.006%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.49	+0.018%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.22	−0.143%	$593K	$1.9M	10x	as long as short
OKX MSTR-USDT-SWAPlong	+0.0032%	8h	164.46	long leg	$20.7M	$99.6M	50x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.967%	$8K	$26K	30x	as long as short
Lighter MSTR	+0.0040%	1h	164.36	−0.061%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.53	+0.043%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.39	−0.043%	—	$1.7M	25x	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	+0.0050%	1h	164.47	+0.006%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.38	−0.049%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.26	−0.122%	$855K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.43	−0.018%	$1.4M	$7.3M	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	164.47	+0.004%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.36	−0.060%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.36	−0.061%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−0.134%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.49	+0.018%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.42	−0.024%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.35	−0.066%	$66	—	5x	as long as short
Binance MSTRUSDTshort	+0.0161%	8h	164.41	−0.032%	$86.8M	$615.8M	50x
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.207%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.40	−0.037%	$75K	$803K	10x	as long as short
edgeX MSTRUSDC	+0.0198%	4h	164.28	−0.110%	$49K	$5.3M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.44	−0.015%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0246%	1h	164.27	−0.116%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0247%	1h	164.38	−0.049%	$54.8M	$37.0M	10x	as long as short
BloFin MSTR-USDT	+0.0282%	8h	164.38	−0.049%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0339%	8h	164.43	−0.018%	$16.8M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.38	−0.049%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0541%	1h	164.47	+0.006%	$280K	$438K	10x	as long as short