MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0549%/8h= −60.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.180%

Price spread now: Aevo against Deribit−0.085%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Aevo

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

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Aevo is 0.085% cheaper against Deribit than usual: you would sell low and buy high (−$8 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	Deribit MSTR_USDC-PERPETUAL	166.31	0.0653	pay 0.0082% / 1h	13m 52s	$283K	$329K	10x
Short	Aevo MSTR-PERP	166.17	0.0104	get 0.0013% / 1h	13m 52s	$138	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.085%Rate

Funding earned: −$115.24
Price spread: −0.085% → 0.000%: −$8.48
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$146.71
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 20 min ago; Aevo: no order-book sample. 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 Deribit live order book, 20 min ago	6.76 bp	10.3 bp −$10	12.3 bp −$123	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	166.05	−0.156%	$4.9M	$19.1M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.98	−0.198%	$31.1M	$114.4M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.09	−0.132%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.79	−0.315%	$539K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−2.225%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	166.20	−0.066%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.36	+0.030%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.05	−0.156%	$384K	$2.6M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.58	−0.439%	$917K	$3.6M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	166.03	−0.168%	$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	165.95	−0.218%	$102K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.03	−0.168%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.97	−0.806%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.19	−0.072%	$3K	$13K	10x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	166.17	−0.085%	$138	—	10x
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	166.12	−0.114%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0168%	8h	165.89	−0.250%	$1.8M	$8.6M	50x	as long as short
Lighter MSTR	+0.0176%	1h	165.97	−0.204%	$3.5M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0177%	1h	165.94	−0.224%	$127K	$143K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0190%	8h	166.06	−0.149%	$66	—	5x	as long as short
OKX MSTR-USDT-SWAP	+0.0263%	8h	166.01	−0.180%	$21.2M	$93.4M	50x	as long as short
Variational Omni MSTR	+0.0279%	8h	165.48	−0.498%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0364%	8h	166.00	−0.186%	$86.6M	$595.3M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0381%	1h	165.92	−0.235%	$54.7M	$36.4M	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	165.53	−0.466%	$270K	$388K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	164.61	−1.024%	$56K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0479%	8h	165.69	−0.373%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0605%	8h	166.06	−0.150%	$17.6M	$39.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0651%	8h	164.64	−1.002%	$81K	$859K	10x	as long as short
Deribit MSTR_USDC-PERPETUALlong	+0.0653%	1h	166.31	long leg	$283K	$329K	10x
edgeX MSTRUSDC	+0.0801%	4h	165.05	−0.760%	$47K	$5.4M	10x	as long as short
SoDEX MSTR-USD	+0.0985%	1h	165.96	−0.210%	$44K	$3K	10x	as long as short