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 15:00 UTC+0.0305%/8h
paid, last 24h+0.161%paid, last 3 days+0.536%to open and closeno order book
Long on Variational OmniShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MSTR165.680.0350pay 0.0350% / 8h1h 32m$1.3M$2.1M—
ShortDeribit MSTR_USDC-PERPETUAL165.990.0654get 0.0082% / 1h32m 26s$282K$450K10x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$64.03
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$57.03
Break-even
0.8 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 23 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.184%
Avg gap 7d
+0.027%
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 Variational Omni RFQ quote, 3 min ago2.99 bpdoesn't fit15.3 bp −$153doesn't fitdoesn't fit
Sell Deribit live order book, 23 min ago3.31 bp17.0 bp −$17doesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MSTR/USDC PERP−0.0440%1h$12K$123K30xas long as short
Gate MSTR_USDT0.0000%8h$5.0M$18.5M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$30K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$493K$2.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.3M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$419K$1.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$840K$4.3M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$8.9M10xas long as short
Nado MSTR-PERP+0.0073%1h$155K$245K3xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$101K$176K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$132K$2.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Paradex MSTR-USD-PERP+0.0116%8h$66—5xas long as short
KuCoin MSTRUSDTM+0.0130%8h$3.2M$2.1M20xas long as short
Lighter MSTR+0.0152%1h$3.5M$2.9M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0160%1h$1.5M$1.2M10xas long as short
tradeXYZ xyz:MSTR+0.0178%1h$56.7M$29.7M10xas long as short
Bybit MSTRUSDT+0.0203%8h$15.8M$41.4M50xas long as short
Phoenix MSTR+0.0320%1h$53K$334K10xas long as short
Variational Omni MSTRlong+0.0350%8h$1.3M$2.1M—
OKX MSTR-USDT-SWAP+0.0366%8h$21.9M$96.3M50xas long as short
Bitget MSTRUSDT+0.0407%8h$28.7M$105.8M25xas long as short
Binance MSTRUSDT+0.0419%8h$85.8M$475.4M50xas long as short
Aster MSTRUSDT+0.0450%8h$1.6M$4.9M50xas long as short
edgeX MSTRUSDC+0.0481%4h$61K$4.1M10xas long as short
BloFin MSTR-USDT+0.0545%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDC+0.0566%1h$193K$391K10xas long as short
Deribit MSTR_USDC-PERPETUALshort+0.0654%1h$282K$450K10x
Arcus MSTR-USD+0.0991%1h$26K$123K10xas long as short