MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h −0.112%

Price spread now: RISEx against Deribit+0.003%7-day average −0.011% · 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−$27as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.309%−$31 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.003%, 7d avg −0.011%

Together, before fees−0.351%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSTR_USDC-PERPETUAL	162.97	0.0610	pay 0.0076% / 1h	17m 42s	$277K	$437K	10x
Short	RISEx MSTR/USDC	162.97	0.0493	get 0.0062% / 1h	17m 42s	$268K	$419K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$24.51
Price spread: +0.003% → −0.011%: $1.42
Slippage, 4 orders: −$15.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$51.36
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Deribit: live order book, 21 min ago; RISEx: live order book, 20 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, 21 min ago	6.72 bp	10.2 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit
Sell RISEx live order book, 20 min ago	0.61 bp	3.6 bp −$4	4.4 bp −$44	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	−0.0457%	8h	163.12	+0.092%	$29.4M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.05	+0.049%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.03	+0.037%	$2.7M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.81	−0.095%	$591K	$2.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.909%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.05	+0.049%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.84	−0.080%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.92	−0.031%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.01	+0.025%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.86	−0.067%	$896K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0067%	1h	162.96	−0.006%	$1.3M	$7.1M	10x	as long as short
Lighter MSTR	+0.0072%	1h	162.90	−0.043%	$3.5M	$2.0M	10x	as long as short
Aster MSTRUSDT	+0.0077%	8h	162.93	−0.023%	$1.8M	$8.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	162.96	−0.004%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.91	−0.037%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.77	−0.123%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.98	+0.006%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.99	+0.010%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	162.83	−0.086%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	162.90	−0.041%	$65	—	5x	as long as short
Nado MSTR-PERP	+0.0195%	1h	162.96	−0.005%	$125K	$165K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0201%	8h	162.99	+0.012%	$20.8M	$99.8M	50x	as long as short
Variational Omni MSTR	+0.0203%	8h	162.78	−0.119%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0272%	8h	162.95	−0.010%	$83.8M	$620.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0272%	8h	162.86	−0.066%	$78K	$849K	10x	as long as short
Phoenix MSTR	+0.0357%	1h	162.90	−0.041%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0392%	8h	163.07	+0.061%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0409%	8h	162.98	+0.006%	$17.1M	$41.7M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0460%	1h	162.94	−0.018%	$53.8M	$37.7M	10x	as long as short
RISEx MSTR/USDCshort	+0.0493%	1h	162.97	+0.003%	$268K	$419K	10x
Deribit MSTR_USDC-PERPETUALlong	+0.0610%	1h	162.97	long leg	$277K	$437K	10x
edgeX MSTRUSDC	+0.0886%	4h	162.82	−0.090%	$46K	$5.4M	10x	as long as short