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 17:00 UTC−0.0532%/8h
paid, last 24h−0.157%paid, last 3 days−0.532%to open and closeno order book
Long on DeribitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit MSTR_USDC-PERPETUAL166.360.0773pay 0.0097% / 1h46m 24s$283K$453K10x
ShortVariational Omni MSTR166.510.0241get 0.0241% / 8h7h 46m$1.3M$2.2M—

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$111.69
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$118.69
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 64 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.090%
Avg gap 7d
−0.023%
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, 64 min ago5.36 bp8.9 bp −$911.6 bp −$116doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago2.95 bpdoesn't fit7.2 bp −$72doesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.8M$18.7M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$38K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$499K$2.2M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.3M$9.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$409K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$889K$4.5M10xas long as short
Lighter MSTR+0.0080%1h$3.6M$2.8M10xas long as short
Pacifica MSTR+0.0100%1h$101K$153K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin MSTRUSDTM+0.0100%8h$2.5M$2.6M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$130K$1.9M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Paradex MSTR-USD-PERP+0.0110%8h$66—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Nado MSTR-PERP+0.0152%1h$125K$257K3xas long as short
tradeXYZ xyz:MSTR+0.0172%1h$56.7M$31.3M10xas long as short
Phoenix MSTR+0.0226%1h$54K$380K10xas long as short
Variational Omni MSTRshort+0.0241%8h$1.3M$2.2M—
OKX MSTR-USDT-SWAP+0.0268%8h$22.2M$101.0M50xas long as short
RISEx MSTR/USDC+0.0277%1h$292K$477K10xas long as short
Aster MSTRUSDT+0.0304%8h$1.3M$6.0M50xas long as short
Binance MSTRUSDT+0.0312%8h$89.4M$555.0M50xas long as short
Injective MSTR/USDC PERP+0.0312%1h$12K$93K30xas long as short
Bitget MSTRUSDT+0.0321%8h$28.9M$111.0M25xas long as short
Bybit MSTRUSDT+0.0410%8h$15.5M$43.1M50xas long as short
BloFin MSTR-USDT+0.0433%8h$1.1M$1.4M20xas long as short
Arcus MSTR-USD+0.0612%1h$26K$126K10xas long as short
edgeX MSTRUSDC+0.0769%4h$44K$4.9M10xas long as short
Deribit MSTR_USDC-PERPETUALlong+0.0773%1h$283K$453K10x