MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0105%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.036%

Price spread now: Deribit against RISEx+0.030%7-day average +0.013% · 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−$30as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.235%+$23 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.030%, 7d avg +0.013%

Together, before fees+0.222%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	168.83	0.0001	pay 0.0000% / 1h	23m 39s	$275K	$441K	10x
Short	Deribit MSTR_USDC-PERPETUAL	168.88	0.0105	get 0.0013% / 1h	23m 39s	$287K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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 RISExbpFee DeribitbpOrdersPrice spread, now +0.030%Rate

Funding earned: $21.95
Price spread: +0.030% → +0.013%: $1.67
Slippage, 4 orders: −$18.3
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$7.67
Costs to cover: 0.313%
Break-even: 9.4 days

Slippage from RISEx: live order book, 55 min ago; Deribit: live order book, 55 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 RISEx live order book, 55 min ago	1.18 bp	4.2 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Deribit live order book, 55 min ago	6.49 bp	12.9 bp −$13	15.8 bp −$158	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
Nado MSTR-PERP	−0.0019%	1h	168.90	+0.041%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.79	−0.025%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.79	−0.024%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.01	+0.104%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.05	+0.130%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDClong	+0.0001%	1h	168.83	long leg	$275K	$441K	10x
OKX MSTR-USDT-SWAP	+0.0009%	8h	168.81	−0.012%	$21.9M	$106.3M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.73	−0.059%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.69	−0.082%	$583K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0043%	8h	168.78	−0.030%	$28.7M	$120.0M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	169.03	+0.118%	—	$2.1M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0048%	8h	169.09	+0.156%	$77K	$879K	10x	as long as short
QFEX MSTR-USD	+0.0049%	1h	168.83	0.000%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.85	+0.012%	$394K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.84	+0.006%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.65	−0.107%	$779K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0060%	8h	168.76	−0.039%	$88.8M	$628.9M	50x	as long as short
BloFin MSTR-USDT	+0.0064%	8h	168.97	+0.083%	$1.1M	$1.9M	20x	as long as short
Bybit MSTRUSDT	+0.0083%	8h	168.79	−0.024%	$15.1M	$40.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.047%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.73	−0.060%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.74	−0.053%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.94	+0.065%	$4K	$354K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.88	+0.030%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.225%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.84	+0.007%	$140	—	10x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0105%	1h	168.88	+0.030%	$287K	$438K	10x
Paradex MSTR-USD-PERP	+0.0116%	8h	168.78	−0.027%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0164%	1h	168.74	−0.053%	$57.0M	$37.2M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.01	+0.106%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0290%	4h	168.94	+0.066%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	168.86	+0.018%	$27K	$129K	10x	as long as short