MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0943%/8h= −103.3% APRnext payment −$1.18 per $10,000 · paid last 24h −0.181%

Price spread now: Pacifica against Deribit+0.009%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.489%−$49 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.009%, 7d avg −0.043%

Together, before fees−0.559%+ Points / potential airdropPacifica: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.052% dearer against Deribit than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.043%): +$5 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 5 days (−0.489% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSTR_USDC-PERPETUAL	162.63	0.1043	pay 0.0130% / 1h	37m 12s	$277K	$437K	10x
Short	Pacifica MSTR	162.64	0.0100	get 0.0013% / 1h	37m 12s	$100K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.009%Rate

Funding earned: −$198.02
Price spread: +0.009% → −0.043%: $5.19
Slippage, 4 orders: −$22.75
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$230.57
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from Deribit: live order book, 6 min ago; Pacifica: live order book, 70 min ago.

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, 6 min ago	6.44 bp	9.9 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit
Sell Pacifica live order book, 70 min ago	0.67 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit

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	−0.0930%	8h	162.83	+0.123%	$28.6M	$119.0M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.65	+0.012%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.28	+0.400%	$2.7M	$78K	10x	as long as short
edgeX MSTRUSDC	+0.0016%	4h	162.56	−0.045%	$45K	$5.4M	10x	as long as short
Aster MSTRUSDT	+0.0026%	8h	162.57	−0.038%	$1.7M	$8.7M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.42	−0.129%	$504K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.126%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.78	+0.092%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.26	−0.228%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.59	−0.025%	$376K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	162.58	−0.031%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.45	−0.111%	$854K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	162.60	−0.018%	$1.3M	$7.2M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	162.64	+0.009%	$100K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	162.57	−0.037%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.65	+0.012%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.65	+0.012%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.61	−0.012%	$135	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0139%	8h	162.59	−0.025%	$20.7M	$100.0M	50x	as long as short
Lighter MSTR	+0.0144%	1h	162.54	−0.055%	$3.5M	$2.0M	10x	as long as short
Variational Omni MSTR	+0.0144%	8h	162.76	+0.078%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−0.683%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0154%	8h	162.58	−0.032%	$65	—	5x	as long as short
Binance MSTRUSDT	+0.0225%	8h	162.59	−0.025%	$83.6M	$627.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0235%	8h	162.80	+0.107%	$78K	$867K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0259%	1h	162.53	−0.061%	$53.9M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.62	−0.009%	$55K	$223K	10x	as long as short
Nado MSTR-PERP	+0.0340%	1h	162.44	−0.117%	$130K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0345%	8h	162.61	−0.012%	$1.0M	$2.1M	20x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	162.66	+0.018%	$261K	$436K	10x	as long as short
Bybit MSTRUSDT	+0.0383%	8h	162.59	−0.025%	$16.8M	$41.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUALlong	+0.1043%	1h	162.63	long leg	$277K	$437K	10x