Funding you earn now, next payment 03:00 UTC−0.0625%/8h= −68.4% APRnext payment −$0.78 per $10,000 · paid last 24h −0.187%
Price spread now: Pacifica against Deribit−0.028%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.375% of the position
Funding, last 5 days (all we have)−0.439%−$44 on $10k
+Price spread, last 3 days (all we have)−0.040%−$4 · spread now −0.028%, 7d avg −0.045%
=Together, before fees−0.479%+ Points / potential airdropPacifica: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$19 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 | 164.25 | 0.0725 | pay 0.0091% / 1h | 54m 18s | $279K | $438K | 10x |
| Short | Pacifica MSTR | 164.20 | 0.0100 | get 0.0013% / 1h | 54m 18s | $100K | $85K | 10x |
Deribit MSTR_USDC-PERPETUAL
Pacifica MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$131.26
- Price spread: −0.028% → −0.045%
- $1.67
- Slippage, 4 orders
- −$22.51
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$167.11
- Costs to cover
- 0.375%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 9 min ago; Pacifica: live order book, 8 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, 9 min ago | 5.77 bp | 9.3 bp −$9 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 8 min ago | 0.73 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1215% | 8h | 164.43 | +0.110% | $27.5M | $114.4M | 25x | as long as short |
| Gate MSTR_USDT | −0.0074% | 8h | 164.18 | −0.043% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.20 | −0.030% | $1.2M | $7.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.22 | −0.018% | $20.8M | $99.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.22 | −0.018% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0014% | 8h | 164.41 | +0.096% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.16 | −0.055% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.10 | −0.088% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.099% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.33 | +0.049% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.06 | −0.116% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.09 | −0.097% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.20 | −0.030% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.12 | −0.079% | $887K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.24 | −0.006% | $1.4M | $7.8M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0077% | 1h | 164.08 | −0.104% | $55.0M | $36.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0083% | 8h | 164.20 | −0.030% | $87.7M | $618.1M | 50x | as long as short |
| Pacifica MSTRshort | +0.0100% | 1h | 164.20 | −0.028% | $100K | $85K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.16 | −0.055% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.14 | −0.067% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.20 | −0.030% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.20 | −0.031% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 164.19 | −0.034% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0178% | 8h | 164.25 | +0.002% | $77K | $772K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.097% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0201% | 4h | 164.18 | −0.045% | $50K | $5.4M | 10x | as long as short |
| Nado MSTR-PERP | +0.0218% | 1h | 164.20 | −0.033% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.23 | −0.012% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0338% | 8h | 164.24 | −0.006% | $17.0M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.16 | −0.054% | $55K | $227K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | +0.0725% | 1h | 164.25 | long leg | $279K | $438K | 10x |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Binance MSTRUSDT
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR