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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC−0.0200%/8h= −22.0% APRpaid last 24h −0.182%
Price spread now: Orderly against Deribit+0.086%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeribitShort on Orderly
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
The price spread pays, funding is against you. Orderly is 0.086% dearer against Deribit than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 34 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit MSTR_USDC-PERPETUAL163.580.0300pay 0.0038% / 1h55m 53s$278K$435K10x
ShortOrderly PERP_MSTR_USDC_mythos163.720.0100get 0.0100% / 8h7h 55m$3K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$42.1
Price spread: +0.086% → 0.000%
$8.56
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$46.54
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 43 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 43 min ago6.72 bp10.2 bp −$1011.9 bp −$119doesn't fitdoesn't fit
Sell Orderly no order-book sample—————
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0343%8h163.28−0.183%$29.7M$119.0M25xas long as short
Gate MSTR_USDT0.0000%8h163.32−0.159%$4.7M$18.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.65+0.043%$2.8M$85K10xas long as short
Lighter MSTR+0.0032%1h163.580.000%$3.5M$1.7M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.27−0.188%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.521%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.81+0.141%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.73+0.092%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.63+0.031%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.72+0.086%$898K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.75+0.104%$1.4M$7.1M10xas long as short
Aster MSTRUSDT+0.0089%8h163.41−0.102%$1.8M$8.7M50xas long as short
Nado MSTR-PERP+0.0093%1h163.70+0.072%$125K$165K3xas long as short
Pacifica MSTR+0.0100%1h163.76+0.108%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.46−0.073%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.45−0.079%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythosshort+0.0100%8h163.72+0.086%$3K$13K10x
Aevo MSTR-PERP+0.0104%1h163.71+0.077%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.587%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0129%8h163.76+0.109%$66—5xas long as short
OKX MSTR-USDT-SWAP+0.0211%8h163.25−0.202%$20.8M$99.5M50xas long as short
Variational Omni MSTR+0.0215%8h163.64+0.035%$1.2M$2.0M—as long as short
tradeXYZ xyz:MSTR+0.0281%1h163.54−0.024%$54.0M$37.7M10xas long as short
Binance MSTRUSDT+0.0283%8h163.29−0.177%$84.1M$619.9M50xas long as short
SoDEX MSTR-USD+0.0298%1h163.64+0.037%$43K$3K10xas long as short
Deribit MSTR_USDC-PERPETUALlong+0.0300%1h163.58long leg$278K$435K10x
Phoenix MSTR+0.0357%1h163.79+0.127%$56K$223K10xas long as short
Bybit MSTRUSDT+0.0382%8h163.28−0.183%$17.1M$41.4M50xas long as short
BloFin MSTR-USDT+0.0398%8h163.94+0.220%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0400%1h163.75+0.104%$269K$417K10xas long as short
GRVT MSTR_USDT_Perp+0.0485%8h163.68+0.061%$80K$858K10xas long as short
edgeX MSTRUSDC+0.0936%4h163.43−0.091%$47K$5.3M10xas long as short