Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0594%/8h= +65.0% APRnext payment +$0.74 per $10,000 · paid last 24h +0.147%
Price spread now: Deribit against tradeXYZ+0.055%7-day average +0.076% · 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−$44as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Long on tradeXYZShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.475%+$48 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.055%, 7d avg +0.076%
Together, before fees+0.461%+ Points / potential airdroptradeXYZ: Active · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.076%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$18 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR163.730.0256pay 0.0032% / 1h17m 53s$54.2M$37.2M10x
ShortDeribit MSTR_USDC-PERPETUAL163.820.0850get 0.0106% / 1h17m 53s$279K$437K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against tradeXYZ. 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
$124.74
Price spread: +0.055% → +0.076%
−$2.1
Slippage, 4 orders
−$16.43
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$81.21
Costs to cover
0.414%
Break-even
2.4 days
Slippage from tradeXYZ: live order book, 12 min ago; Deribit: live order book, 26 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 12 min ago0.31 bp11.0 bp −$1113.7 bp −$137doesn't fitdoesn't fit
Sell Deribit live order book, 26 min ago6.44 bp11.2 bp −$1112.7 bp −$127doesn't fitdoesn't fit

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−0.0798%8h163.96+0.140%$29.2M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.86+0.079%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.91+0.110%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.61−0.073%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.426%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.730.000%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.67−0.037%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.66−0.043%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.54−0.116%$840K$3.9M10xas long as short
Aster MSTRUSDT+0.0054%8h163.66−0.045%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.72−0.006%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.75+0.010%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.68−0.031%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.62−0.067%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.78+0.031%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.79+0.038%$136—10xas long as short
Lighter MSTR+0.0136%1h163.74+0.006%$3.5M$2.0M10xas long as short
SoDEX MSTR-USD+0.0141%1h163.75+0.012%$43K$3K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.350%$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0165%8h163.82+0.055%$20.8M$100.8M50xas long as short
Variational Omni MSTR+0.0166%8h163.76+0.016%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0170%8h163.69−0.026%$65—5xas long as short
Binance MSTRUSDT+0.0250%8h163.80+0.043%$84.1M$627.2M50xas long as short
tradeXYZ xyz:MSTRlong+0.0256%1h163.73long leg$54.2M$37.2M10x
GRVT MSTR_USDT_Perp+0.0259%8h163.42−0.189%$83K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.43−0.183%$55K$223K10xas long as short
Nado MSTR-PERP+0.0367%1h163.60−0.082%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0370%8h163.75+0.012%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.81+0.046%$266K$427K10xas long as short
Bybit MSTRUSDT+0.0392%8h163.80+0.043%$17.2M$42.0M50xas long as short
edgeX MSTRUSDC+0.0831%4h163.42−0.188%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUALshort+0.0850%1h163.82+0.055%$279K$437K10x