Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.007%
Price spread now: Gate against Orderly−0.154%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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.154% cheaper against Orderly than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 162.28 | 0.0100 | pay 0.0100% / 8h | 2h 28m | $3K | $8K | 10x |
| Short | Gate MSTR_USDT | 162.03 | 0 | get 0.0000% / 8h | 2h 28m | $4.7M | $19.6M | 50x |
Orderly PERP_MSTR_USDC_mythos
Gate MSTR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21
- Price spread: −0.154% → 0.000%
- −$15.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$57.41
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago | 1.54 bp | 17.7 bp −$18 | 44.5 bp −$445 | doesn't fit | doesn't fit |
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 | −0.1165% | 8h | 162.24 | −0.025% | $26.9M | $117.8M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 162.02 | −0.163% | $1.7M | $8.6M | 50x | as long as short |
| Gate MSTR_USDTshort | 0.0000% | 8h | 162.03 | −0.154% | $4.7M | $19.6M | 50x | |
| Phemex MSTRUSDT | 0.0000% | 4h | 162.87 | +0.364% | $2.7M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 161.82 | −0.280% | $497K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.351% | $8K | $26K | 30x | as long as short |
| Vest MSTR-USD-PERP | +0.0034% | 1h | 161.94 | −0.210% | — | $1.8M | 25x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.44 | +0.099% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.25 | −0.018% | $374K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.21 | −0.043% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.18 | −0.062% | $867K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 162.31 | +0.018% | $1.4M | $7.2M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 161.95 | −0.203% | $263K | $443K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0092% | 8h | 161.94 | −0.210% | $20.4M | $99.5M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 161.98 | −0.185% | $99K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 161.95 | −0.203% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.29 | +0.006% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | +0.0100% | 8h | 162.28 | long leg | $3K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.29 | +0.007% | $135 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0124% | 8h | 162.32 | +0.025% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0149% | 8h | 161.92 | −0.221% | $65 | — | 5x | as long as short |
| Lighter MSTR | +0.0160% | 1h | 161.91 | −0.228% | $3.4M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 162.16 | −0.074% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0197% | 8h | 161.94 | −0.210% | $83.6M | $627.4M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0210% | 8h | 162.40 | +0.076% | $79K | $831K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0317% | 8h | 162.23 | −0.031% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0352% | 1h | 161.96 | −0.197% | $53.8M | $37.3M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 162.41 | +0.080% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0370% | 8h | 162.02 | −0.160% | $16.5M | $41.6M | 50x | as long as short |
| Nado MSTR-PERP | +0.0378% | 1h | 162.24 | −0.022% | $130K | $157K | 3x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0675% | 1h | 162.31 | +0.018% | $276K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0858% | 4h | 162.53 | +0.155% | $48K | $5.4M | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Variational Omni MSTR
Paradex MSTR-USD-PERP
Lighter MSTR
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Bybit MSTRUSDT
Nado MSTR-PERP
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC