MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0404%/8h= +44.3% APRnext payment +$0.51 per $10,000 · paid last 24h +0.161%

Price spread now: Deribit against Injective−0.348%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.348% cheaper against Injective than usual: you would sell low and buy high (spread −0.348% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 2.9 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.34	0.0235	pay 0.0029% / 1h	26m 55s	$8K	$26K	30x
Short	Deribit MSTR_USDC-PERPETUAL	168.75	0.0640	get 0.0080% / 1h	26m 55s	$287K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee DeribitbpOrdersPrice spread, now −0.348%Rate

Funding earned: $84.9
Price spread: −0.348% → 0.000%: −$34.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $43.04
Costs to cover: 0.070%
Break-even: 3.5 days

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 47 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 47 min ago	7.40 bp	11.5 bp −$11	14.6 bp −$146	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 32 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
Nado MSTR-PERP	−0.0041%	1h	168.46	−0.522%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.73	−0.359%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.66	−0.402%	$21.7M	$100.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.65	−0.407%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.70	−0.378%	$28.4M	$113.7M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.68	−0.390%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.69	−0.384%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.81	−0.313%	$2.8M	$66K	10x	as long as short
BloFin MSTR-USDT	+0.0028%	8h	168.61	−0.431%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0029%	8h	168.67	−0.394%	$88.9M	$614.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	168.61	−0.431%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.51	−0.490%	$581K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.58	−0.449%	$1.4M	$9.2M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.75	−0.348%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.70	−0.378%	—	$1.8M	25x	as long as short
Bybit MSTRUSDT	+0.0046%	8h	168.68	−0.390%	$15.1M	$39.2M	50x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.60	−0.437%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.62	−0.425%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.59	−0.443%	$756K	$5.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.520%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	168.53	−0.477%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.61	−0.429%	$104K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.59	−0.443%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.87	−0.278%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.72	−0.366%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.71	−0.373%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0202%	1h	168.56	−0.461%	$56.8M	$35.4M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0235%	1h	169.34	long leg	$8K	$26K	30x
Phoenix MSTR	+0.0259%	1h	168.64	−0.416%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.71	−0.372%	$275K	$433K	10x	as long as short
edgeX MSTRUSDC	+0.0424%	4h	168.75	−0.348%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0640%	1h	168.75	−0.348%	$287K	$438K	10x