Funding you earn now, next payment 08:00 UTC+0.0159%/8h= +17.4% APRnext payment +$1.59 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against Orderly−0.005%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 163.52 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $2K | $13K | 10x |
| Short | Binance MSTRUSDT | 163.51 | 0.0259 | get 0.0259% / 8h | 1h 00m | $84.0M | $625.1M | 50x |
Orderly PERP_MSTR_USDC_mythos
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- $33.44
- Price spread: −0.005% → 0.000%
- −$0.46
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $16.97
- Costs to cover
- 0.160%
- Break-even
- 3.4 days
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 14 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 0.31 bp | 6.0 bp −$6 | 9.2 bp −$92 | 31.4 bp −$3,143 | 140.6 bp −$70.3K |
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 | −0.0587% | 8h | 163.61 | +0.055% | $29.2M | $118.7M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.60 | +0.049% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.54 | +0.012% | $2.8M | $80K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.34 | −0.107% | $507K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.559% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.63 | +0.067% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.32 | −0.122% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.45 | −0.043% | $378K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.37 | −0.092% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.41 | −0.067% | $846K | $3.8M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0057% | 1h | 163.34 | −0.110% | $1.3M | $7.2M | 10x | as long as short |
| Aster MSTRUSDT | +0.0063% | 8h | 163.32 | −0.121% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.33 | −0.115% | $100K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.44 | −0.049% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.55 | +0.018% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 163.52 | long leg | $2K | $13K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.52 | −0.003% | $136 | — | 10x | as long as short |
| Lighter MSTR | +0.0112% | 1h | 163.40 | −0.073% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.223% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0169% | 8h | 163.34 | −0.112% | $65 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0179% | 8h | 163.52 | 0.000% | $20.8M | $100.1M | 50x | as long as short |
| Variational Omni MSTR | +0.0187% | 8h | 163.34 | −0.112% | $1.2M | $2.1M | — | as long as short |
| Binance MSTRUSDTshort | +0.0259% | 8h | 163.51 | −0.005% | $84.0M | $625.1M | 50x | |
| tradeXYZ xyz:MSTR | +0.0265% | 1h | 163.51 | −0.006% | $54.1M | $37.8M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0272% | 8h | 163.63 | +0.065% | $76K | $865K | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 163.78 | +0.160% | $56K | $223K | 10x | as long as short |
| Nado MSTR-PERP | +0.0364% | 1h | 163.36 | −0.095% | $131K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0378% | 8h | 163.40 | −0.073% | $1.0M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.38 | −0.088% | $266K | $425K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0405% | 8h | 163.59 | +0.043% | $17.1M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0964% | 4h | 163.73 | +0.127% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1097% | 1h | 163.51 | −0.006% | $278K | $437K | 10x | as long as short |
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Lighter MSTR
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
tradeXYZ xyz:MSTR
GRVT MSTR_USDT_Perp
Phoenix MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL