MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0552%/8h= +60.4% APRnext payment +$0.69 per $10,000 · paid last 24h +0.180%

Price spread now: Deribit against Aevo−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Deribit is 0.048% cheaper against Aevo than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	165.80	0.0104	pay 0.0013% / 1h	12m 57s	$138	—	10x
Short	Deribit MSTR_USDC-PERPETUAL	165.72	0.0656	get 0.0082% / 1h	12m 57s	$282K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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 AevobpFee DeribitbpOrdersPrice spread, now −0.048%Rate

Funding earned: $115.91
Price spread: −0.048% → 0.000%: −$4.85
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $88.07
Costs to cover: 0.230%
Break-even: 1.7 days

Slippage unknown: Aevo: no order-book sample; Deribit: live order book, 21 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 Aevo no order-book sample	—	—	—	—	—
Sell Deribit live order book, 21 min ago	6.76 bp	10.3 bp −$10	12.3 bp −$123	doesn't fit	doesn't fit

Aevo: 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
Gate MSTR_USDT	0.0000%	8h	166.08	+0.169%	$4.9M	$19.1M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.06	+0.157%	$31.2M	$114.3M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.73	−0.042%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.77	−0.016%	$539K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−1.924%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	166.07	+0.163%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.23	+0.259%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.78	−0.012%	$383K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.05	+0.151%	$917K	$3.6M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	165.97	+0.102%	$1.4M	$6.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.88	+0.051%	$101K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.84	+0.024%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.60	−0.121%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.79	−0.006%	$3K	$13K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	165.80	long leg	$138	—	10x
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	166.12	+0.193%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0171%	8h	165.91	+0.067%	$1.8M	$8.6M	50x	as long as short
Lighter MSTR	+0.0176%	1h	165.70	−0.061%	$3.5M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0177%	1h	165.75	−0.028%	$127K	$143K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0188%	8h	165.94	+0.086%	$66	—	5x	as long as short
OKX MSTR-USDT-SWAP	+0.0262%	8h	166.10	+0.181%	$21.2M	$93.1M	50x	as long as short
Variational Omni MSTR	+0.0279%	8h	165.48	−0.193%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0364%	8h	166.04	+0.143%	$86.7M	$595.8M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0380%	1h	165.96	+0.096%	$54.8M	$36.4M	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	166.03	+0.136%	$271K	$387K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	164.61	−0.720%	$56K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0484%	8h	165.83	+0.018%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0589%	8h	166.09	+0.175%	$17.6M	$39.6M	50x	as long as short
edgeX MSTRUSDC	+0.0630%	4h	165.48	−0.195%	$47K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0656%	1h	165.72	−0.048%	$282K	$313K	10x
GRVT MSTR_USDT_Perp	+0.0686%	8h	165.75	−0.032%	$82K	$848K	10x	as long as short
SoDEX MSTR-USD	+0.1044%	1h	165.74	−0.036%	$44K	$3K	10x	as long as short