MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0424%/8h= −46.4% APRnext payment −$0.53 per $10,000 · paid last 24h −0.171%

Price spread now: SoDEX against Deribit−0.012%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSTR_USDC-PERPETUAL	165.96	0.0474	pay 0.0059% / 1h	55m 44s	$282K	$276K	10x
Short	SoDEX MSTR-USD	165.94	0.0050	get 0.0006% / 1h	55m 44s	$44K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. 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 DeribitbpFee SoDEXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$88.95
Price spread: −0.012% → 0.000%: −$1.21
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$105.16
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 38 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 Deribit live order book, 38 min ago	6.76 bp	10.3 bp −$10	12.3 bp −$123	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
Ondo Perps MSTR-USD.P	−0.0082%	1h	165.18	−0.470%	$923K	$3.5M	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.56	−0.241%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.02	−0.566%	$31.1M	$112.8M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.90	−0.036%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.62	−0.205%	$535K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.03	+0.042%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.90	−0.036%	$384K	$2.5M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	165.94	−0.012%	$44K	$3K	10x
QFEX MSTR-USD	+0.0076%	1h	165.97	+0.006%	$1.3M	$6.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.13	−0.503%	$101K	$88K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	165.32	−0.386%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.50	+0.325%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.10	+0.084%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.13	+0.103%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	165.85	−0.066%	$1.4M	$637K	10x	as long as short
Nado MSTR-PERP	+0.0121%	1h	165.99	+0.015%	$127K	$142K	3x	as long as short
Lighter MSTR	+0.0136%	1h	164.96	−0.603%	$3.5M	$1.7M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0181%	8h	164.97	−0.597%	$66	—	5x	as long as short
Aster MSTRUSDT	+0.0189%	8h	165.31	−0.393%	$1.8M	$8.6M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0225%	1h	164.95	−0.609%	$54.5M	$36.3M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0277%	8h	165.08	−0.530%	$21.5M	$91.5M	50x	as long as short
Variational Omni MSTR	+0.0298%	8h	165.92	−0.023%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0374%	8h	165.07	−0.535%	$86.1M	$588.2M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	162.61	−2.019%	$7K	$26K	30x	as long as short
Phoenix MSTR	+0.0460%	1h	166.84	+0.533%	$56K	$215K	10x	as long as short
Deribit MSTR_USDC-PERPETUALlong	+0.0474%	1h	165.96	long leg	$282K	$276K	10x
Bybit MSTRUSDT	+0.0491%	8h	165.19	−0.464%	$17.0M	$40.3M	50x	as long as short
BloFin MSTR-USDT	+0.0501%	8h	166.52	+0.337%	$1.1M	$2.1M	20x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.17	+0.124%	$271K	$382K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0669%	8h	166.65	+0.416%	$82K	$844K	10x	as long as short
edgeX MSTRUSDC	+0.0709%	4h	166.62	+0.400%	$49K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	165.13	−0.500%	$26K	$102K	10x	as long as short