MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h +0.011%

Price spread now: SoDEX against Coinbase International−0.065%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.065% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	168.46	0.0088	pay 0.0011% / 1h	33m 58s	$1.4M	$1.1M	10x
Short	SoDEX MSTR-USD	168.35	0.0050	get 0.0006% / 1h	33m 58s	$44K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Coinbase International. 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 Coinbase InternationalbpFee SoDEXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$7.98
Price spread: −0.065% → 0.000%: −$6.53
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$32.51
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 min ago; SoDEX: no order-book sample. 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 Coinbase International live order book, 5 min ago	1.78 bp	6.8 bp −$7	14.3 bp −$143	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0057%	1h	168.15	−0.181%	$139K	$90K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.48	+0.013%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.36	−0.059%	$21.7M	$101.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.36	−0.059%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.37	−0.053%	$28.4M	$114.1M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.67	+0.124%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.69	+0.137%	$85K	$860K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.45	−0.006%	$2.8M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.33	−0.077%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.15	−0.184%	$582K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	168.36	−0.059%	$1.4M	$9.4M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.66	+0.119%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.30	−0.095%	—	$1.7M	25x	as long as short
Binance MSTRUSDT	+0.0046%	8h	168.38	−0.047%	$88.8M	$616.0M	50x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.29	−0.101%	$395K	$2.7M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	168.35	−0.065%	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.17	−0.172%	$761K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0077%	8h	168.43	−0.018%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0088%	1h	168.46	long leg	$1.4M	$1.1M	10x
Bybit MSTRUSDT	+0.0089%	8h	168.34	−0.071%	$15.1M	$39.3M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0090%	8h	168.35	−0.064%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.38	−0.048%	$104K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.42	−0.024%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.66	+0.119%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.42	−0.024%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.41	−0.031%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0212%	1h	168.29	−0.101%	$56.8M	$35.3M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.522%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.74	+0.165%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.38	−0.047%	$274K	$434K	10x	as long as short
edgeX MSTRUSDC	+0.0572%	4h	168.81	+0.209%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1058%	1h	168.36	−0.059%	$286K	$438K	10x	as long as short