data as of
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Funding arb /

MSTR

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 14:00 UTC−0.0100%/8h
paid, last 24h−0.196%paid, last 4 days−0.423%to open and close $10k−$37
Long on DeribitShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit MSTR_USDC-PERPETUAL165.320.0598pay 0.0075% / 1h33m 05s$281K$493K10x
ShortBitget MSTRUSDT165.030.0498get 0.0498% / 8h2h 33m$32.2M$85.8M25x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$20.91
Slippage, 4 orders
−$18.5
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$58.4
Break-even
never at this rate
Slippage from Deribit: live order book, 27 min ago; Bitget: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.175%
Avg gap 7d
−0.012%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 27 min ago5.42 bp8.9 bp −$911.9 bp −$119doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago0.30 bp8.1 bp −$813.3 bp −$13332.0 bp −$3,204doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$5.0M$16.8M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$26K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$496K$2.1M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$943K25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$410K$1.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$927K$4.0M10xas long as short
QFEX MSTR-USD+0.0070%1h$1.3M$8.6M10xas long as short
Pacifica MSTR+0.0100%1h$101K$177K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$131K$2.3M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$4K$10K10xas long as short
Lighter MSTR+0.0104%1h$3.5M$2.5M10xas long as short
Aevo MSTR-PERP+0.0104%1h$137—10xas long as short
KuCoin MSTRUSDTM+0.0145%8h$2.5M$1.4M20xas long as short
Paradex MSTR-USD-PERP+0.0149%8h$66—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0176%1h$1.5M$1.1M10xas long as short
Bybit MSTRUSDT+0.0211%8h$15.7M$33.1M50xas long as short
Nado MSTR-PERP+0.0252%1h$154K$254K3xas long as short
Phoenix MSTR+0.0342%1h$53K$230K10xas long as short
Variational Omni MSTR+0.0412%8h$1.4M$1.8M—as long as short
tradeXYZ xyz:MSTR+0.0429%1h$58.5M$21.2M10xas long as short
Injective MSTR/USDC PERP+0.0440%1h$13K$130K30xas long as short
OKX MSTR-USDT-SWAP+0.0451%8h$21.6M$74.2M50xas long as short
edgeX MSTRUSDC+0.0486%4h$32K$3.0M10xas long as short
Bitget MSTRUSDTshort+0.0498%8h$32.2M$85.8M25x
Binance MSTRUSDT+0.0513%8h$86.1M$362.1M50xas long as short
Arcus MSTR-USD+0.0549%1h$30K$99K10xas long as short
Aster MSTRUSDT+0.0552%8h$1.9M$3.5M50xas long as short
Deribit MSTR_USDC-PERPETUALlong+0.0598%1h$281K$493K10x
BloFin MSTR-USDT+0.0666%8h$1.1M$1.2M20xas long as short
RISEx MSTR/USDC+0.0870%1h$184K$257K10xas long as short