Funding you earn now, next payment 06:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h +0.010%
Price spread now: SoDEX against GRVT−0.006%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MSTR_USDT_Perp | 163.86 | 0.0160 | pay 0.0160% / 8h | 2h 51m | $79K | $838K | 10x |
| Short | SoDEX MSTR-USD | 163.85 | 0.0071 | get 0.0009% / 1h | 51m 07s | $43K | $3K | 10x |
GRVT MSTR_USDT_Perp
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.7
- Price spread: −0.006% → 0.000%
- −$0.61
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$36.31
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 62 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 GRVT live order book, 62 min ago | 1.22 bp | 11.8 bp −$12 | 15.6 bp −$156 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0980% | 8h | 164.01 | +0.092% | $27.1M | $116.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.85 | −0.006% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.95 | +0.055% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.05 | +0.116% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.65 | −0.128% | $596K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.344% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.81 | −0.031% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.54 | −0.195% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.75 | −0.067% | $379K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.71 | −0.092% | $830K | $4.0M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 163.70 | −0.098% | $1.4M | $7.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0062% | 8h | 163.90 | +0.024% | $20.6M | $99.5M | 50x | as long as short |
| SoDEX MSTR-USDshort | +0.0071% | 1h | 163.85 | −0.006% | $43K | $3K | 10x | |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.83 | −0.018% | $266K | $446K | 10x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 163.78 | −0.048% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.71 | −0.094% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.72 | −0.085% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.59 | −0.165% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.83 | −0.018% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.85 | −0.008% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0105% | 8h | 163.74 | −0.076% | $65 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perplong | +0.0160% | 8h | 163.86 | long leg | $79K | $838K | 10x | |
| Binance MSTRUSDT | +0.0167% | 8h | 163.89 | +0.016% | $85.8M | $619.7M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.177% | $1.4M | $1.1M | 10x | as long as short |
| Lighter MSTR | +0.0208% | 1h | 163.82 | −0.024% | $3.5M | $1.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0287% | 8h | 163.93 | +0.043% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0329% | 8h | 163.97 | +0.067% | $16.7M | $41.2M | 50x | as long as short |
| Nado MSTR-PERP | +0.0338% | 1h | 163.66 | −0.125% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0353% | 1h | 163.81 | −0.031% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.69 | −0.103% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0496% | 4h | 163.67 | −0.118% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1155% | 1h | 163.88 | +0.012% | $279K | $438K | 10x | as long as short |
QFEX MSTR-USD
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
Lighter MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Nado MSTR-PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL