MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0861%/8h= −94.2% APRnext payment −$1.08 per $10,000 · paid last 24h −0.203%

Price spread now: Vest against Deribit+0.012%7-day average −0.981% · you sell dearer than you buy

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

Long on Deribit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.503%−$50 on $10k

Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.012%, 7d avg −0.981%

Together, before fees−0.720%+ Points / potential airdropVest: Active · farm board−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.994% dearer against Deribit than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.981%): +$99 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSTR_USDC-PERPETUAL	164.52	0.0906	pay 0.0113% / 1h	20m 03s	$280K	$438K	10x
Short	Vest MSTR-USD-PERP	164.54	0.0046	get 0.0006% / 1h	20m 03s	—	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$180.71
Price spread: +0.012% → −0.981%: $99.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$90.35
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Deribit: live order book, 49 min ago; Vest: 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, 49 min ago	7.19 bp	10.7 bp −$11	12.5 bp −$125	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 31 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	−0.1046%	8h	164.73	+0.128%	$27.5M	$115.6M	25x	as long as short
Gate MSTR_USDT	−0.0155%	8h	164.44	−0.049%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.50	−0.010%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.61	+0.055%	$20.9M	$100.6M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.54	+0.011%	$269K	$447K	10x	as long as short
Variational Omni MSTR	0.0000%	8h	164.70	+0.112%	$1.2M	$2.1M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.71	+0.115%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.41	−0.064%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.90	+0.231%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	164.54	+0.012%	—	$1.8M	25x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.72	+0.122%	$910K	$4.6M	10x	as long as short
Binance MSTRUSDT	+0.0060%	8h	164.61	+0.052%	$87.8M	$624.4M	50x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.52	0.000%	$1.4M	$8.2M	10x	as long as short
SoDEX MSTR-USD	+0.0064%	1h	164.46	−0.036%	$43K	$3K	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.36	−0.097%	$3.5M	$1.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0092%	1h	164.49	−0.018%	$383K	$2.7M	10x	as long as short
edgeX MSTRUSDC	+0.0093%	4h	164.97	+0.271%	$48K	$5.4M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.54	+0.013%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.49	−0.018%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.85	+0.201%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.43	−0.055%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.46	−0.037%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0148%	8h	165.00	+0.291%	$79K	$810K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.40	−0.073%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0173%	8h	164.49	−0.018%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0244%	1h	164.46	−0.036%	$55.2M	$36.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.930%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0371%	1h	164.36	−0.098%	$111K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.99	+0.288%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0385%	8h	164.59	+0.043%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUALlong	+0.0906%	1h	164.52	long leg	$280K	$438K	10x