Funding you earn now, next payment 08:00 UTC+0.0237%/8h= +25.9% APRnext payment +$2.37 per $10,000 · paid last 24h +0.032%
Price spread now: BloFin against OKX−0.030%53s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as 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−$300.295% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.030%, 7d avg +0.003%
=Funding pays, the price is against you. BloFin is 0.033% cheaper against OKX than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.003%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.197% in total) that is about 28 hours. The two prices were read 53 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 | OKX MSTR-USDT-SWAP | 164.09 | 0.0047 | pay 0.0047% / 8h | 3h 18m | $20.8M | $99.1M | 50x |
| Short | BloFin MSTR-USDT | 164.04 | 0.0284 | get 0.0284% / 8h | 3h 18m | $1.0M | $2.1M | 20x |
OKX MSTR-USDT-SWAP
BloFin MSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $49.74
- Price spread: −0.030% → +0.003%
- −$3.32
- Slippage, 4 orders
- −$7.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $16.91
- Costs to cover
- 0.295%
- Break-even
- 4.6 days
Slippage from OKX: live order book, 6 min ago; BloFin: live order book, 5 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, 6 min ago | 0.31 bp | 6.6 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.83 bp | 7.9 bp −$8 | 10.3 bp −$103 | 14.8 bp −$1,484 | 39.4 bp −$19.7K |
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 | −0.0946% | 8h | 164.22 | +0.079% | $27.2M | $116.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.03 | −0.037% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.10 | +0.006% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.17 | +0.049% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.06 | −0.018% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.93 | −0.101% | $601K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.199% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.07 | −0.012% | $26K | $110K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.80 | −0.177% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAPlong | +0.0047% | 8h | 164.09 | long leg | $20.8M | $99.1M | 50x |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.96 | −0.079% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.06 | −0.018% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.80 | −0.177% | $846K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.93 | −0.098% | $1.4M | $7.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0068% | 8h | 163.97 | −0.074% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.94 | −0.089% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.91 | −0.110% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.89 | −0.122% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.04 | −0.030% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0102% | 8h | 164.03 | −0.039% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.05 | −0.022% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0165% | 8h | 164.08 | −0.006% | $86.5M | $618.5M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0166% | 8h | 164.07 | −0.015% | $76K | $826K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | −0.128% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.99 | −0.064% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0252% | 1h | 163.88 | −0.125% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0263% | 1h | 164.03 | −0.037% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.0284% | 8h | 164.04 | −0.030% | $1.0M | $2.1M | 20x | |
| Bybit MSTRUSDT | +0.0323% | 8h | 164.12 | +0.018% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.02 | −0.045% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0400% | 4h | 163.93 | −0.100% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0726% | 1h | 164.12 | +0.018% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL