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 19:00 UTC−0.0293%/8h
paid, last 24h−0.189%paid, last 4 days−0.608%to open and closeno order book
Long on DeribitShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit MSTR_USDC-PERPETUAL165.910.0293pay 0.0037% / 1h49m 25s$282K$488K10x
ShortPhemex MSTRUSDT165.850get 0.0000% / 4h1h 49m$2.8M$45K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$61.48
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$80.48
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 51 min ago; Phemex: live order book, 6 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.036%
Avg gap 7d
−0.008%
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, 51 min ago5.72 bp9.2 bp −$912.7 bp −$127doesn't fitdoesn't fit
Sell Phemex live order book, 6 min ago2.11 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
RISEx MSTR/USDC0.0000%1h$296K$469K10xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.5M50xas long as short
Phemex MSTRUSDTshort0.0000%4h$2.8M$45K10x
Lighter MSTR+0.0032%1h$3.5M$2.6M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$574K$2.1M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$400K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$779K$4.7M10xas long as short
QFEX MSTR-USD+0.0065%1h$1.4M$9.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$101K$153K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$4K$1.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Paradex MSTR-USD-PERP+0.0103%8h$66—5xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0104%1h$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0110%1h$56.3M$33.8M10xas long as short
Nado MSTR-PERP+0.0118%1h$124K$240K3xas long as short
Variational Omni MSTR+0.0135%8h$1.2M$2.4M—as long as short
OKX MSTR-USDT-SWAP+0.0147%8h$22.0M$102.1M50xas long as short
Aster MSTRUSDT+0.0171%8h$1.3M$6.1M50xas long as short
Binance MSTRUSDT+0.0184%8h$87.7M$597.7M50xas long as short
Injective MSTR/USDC PERP+0.0188%1h$12K$48K30xas long as short
Phoenix MSTR+0.0237%1h$55K$384K10xas long as short
Bitget MSTRUSDT+0.0240%8h$28.5M$112.9M25xas long as short
Deribit MSTR_USDC-PERPETUALlong+0.0293%1h$282K$488K10x
Bybit MSTRUSDT+0.0306%8h$15.4M$40.4M50xas long as short
BloFin MSTR-USDT+0.0308%8h$1.1M$1.6M20xas long as short
Arcus MSTR-USD+0.0553%1h$27K$119K10xas long as short
edgeX MSTRUSDC+0.0800%4h$44K$5.2M10xas long as short