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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0512%/8h= +56.1% APRpaid last 24h +0.004%
Price spread now: edgeX against Deribit−0.058%75s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.421% of the position
Long on DeribitShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.460%−$46 on $10k
Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.058%, 7d avg −0.035%
Together, before fees−0.445%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.023% cheaper against Deribit than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.035%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 5 days funding on this pair cost −0.460%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit MSTR_USDC-PERPETUAL163.470.0485pay 0.0061% / 1h51m 45s$278K$435K10x
ShortedgeX MSTRUSDC163.380.0997get 0.0498% / 4h3h 51m$47K$5.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$107.59
Price spread: −0.058% → −0.035%
−$2.28
Slippage, 4 orders
−$26.15
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$63.16
Costs to cover
0.421%
Break-even
2.9 days
Slippage from Deribit: live order book, 47 min ago; edgeX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 47 min ago6.72 bp10.2 bp −$1011.9 bp −$119doesn't fitdoesn't fit
Sell edgeX live order book, 2 min ago5.20 bp10.4 bp −$1017.5 bp −$175doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0279%8h163.88+0.251%$30.1M$118.6M25xas long as short
Gate MSTR_USDT0.0000%8h163.65+0.110%$4.7M$18.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.50+0.018%$2.8M$85K10xas long as short
Lighter MSTR+0.0032%1h163.73+0.159%$3.5M$1.7M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.60+0.082%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.591%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.94+0.288%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.59+0.073%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.48+0.006%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.60+0.080%$892K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0053%1h163.43−0.024%$43K$3K10xas long as short
QFEX MSTR-USD+0.0061%1h163.70+0.141%$1.4M$7.1M10xas long as short
Nado MSTR-PERP+0.0099%1h163.53+0.035%$125K$165K3xas long as short
Pacifica MSTR+0.0100%1h163.72+0.152%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.54+0.043%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.28−0.116%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.54+0.043%$3K$13K10xas long as short
Aster MSTRUSDT+0.0102%8h163.66+0.116%$1.8M$8.7M50xas long as short
Aevo MSTR-PERP+0.0104%1h163.46−0.006%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.520%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0134%8h163.73+0.160%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0213%8h163.82+0.214%$20.9M$99.6M50xas long as short
Variational Omni MSTR+0.0215%8h163.64+0.103%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0297%8h163.72+0.152%$84.3M$619.0M50xas long as short
tradeXYZ xyz:MSTR+0.0363%1h163.79+0.196%$54.1M$37.4M10xas long as short
RISEx MSTR/USDC+0.0400%1h163.73+0.162%$269K$417K10xas long as short
BloFin MSTR-USDT+0.0411%8h163.76+0.177%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0459%8h163.78+0.190%$17.2M$41.4M50xas long as short
Phoenix MSTR+0.0460%1h163.66+0.119%$56K$223K10xas long as short
Deribit MSTR_USDC-PERPETUALlong+0.0485%1h163.47long leg$278K$435K10x
GRVT MSTR_USDT_Perp+0.0761%8h163.46−0.006%$80K$858K10xas long as short
edgeX MSTRUSDCshort+0.0997%4h163.38−0.058%$47K$5.3M10x