Funding you earn now, next payment 06:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h −0.014%
Price spread now: SoDEX against Injective−3.272%62s7-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
=Together, before fees—needs both histories
Funding pays, the price is against you. SoDEX is 3.272% cheaper against Injective than usual: you would sell low and buy high (spread −3.272% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$327 on $10k: about 15 months of funding at the current rate (+$1 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MSTR/USDC PERP | 169.34 | 0.0033 | pay 0.0004% / 1h | 51m 36s | $8K | $26K | 30x |
| Short | SoDEX MSTR-USD | 163.80 | 0.0058 | get 0.0007% / 1h | 51m 36s | $43K | $3K | 10x |
Injective MSTR/USDC PERP
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Injective. 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
- $5.24
- Price spread: −3.272% → 0.000%
- −$327.15
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$329.93
- Costs to cover
- 0.080%
- Break-even
- 447.4 days
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell SoDEX no order-book sample | — | — | — | — | — |
Injective and 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 | 163.96 | −3.177% | $27.1M | $116.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.77 | −3.287% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.86 | −3.236% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.00 | −3.153% | $2.8M | $77K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0003% | 4h | 163.64 | −3.367% | $48K | $5.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.60 | −3.387% | $596K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERPlong | +0.0033% | 1h | 169.34 | long leg | $8K | $26K | 30x | |
| Arcus MSTR-USD | +0.0040% | 1h | 163.81 | −3.266% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.50 | −3.449% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.76 | −3.295% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
edgeX MSTRUSDC
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.71 | −3.325% | $830K | $4.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.80 | −3.272% | $1.4M | $7.2M | 10x | as long as short |
| SoDEX MSTR-USDshort | +0.0058% | 1h | 163.80 | −3.272% | $43K | $3K | 10x | |
| OKX MSTR-USDT-SWAP | +0.0058% | 8h | 163.80 | −3.272% | $20.6M | $99.4M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.83 | −3.254% | $266K | $446K | 10x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 163.78 | −3.283% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.71 | −3.327% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.69 | −3.336% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.61 | −3.384% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.77 | −3.289% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.81 | −3.266% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0105% | 8h | 163.74 | −3.309% | $65 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0153% | 8h | 163.82 | −3.260% | $83K | $824K | 10x | as long as short |
| Binance MSTRUSDT | +0.0167% | 8h | 163.73 | −3.313% | $85.7M | $619.6M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −3.407% | $1.4M | $1.1M | 10x | as long as short |
| Lighter MSTR | +0.0192% | 1h | 163.71 | −3.325% | $3.5M | $1.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0282% | 8h | 163.70 | −3.331% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0324% | 1h | 163.64 | −3.364% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0329% | 8h | 163.82 | −3.260% | $16.7M | $41.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0349% | 1h | 163.77 | −3.289% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.69 | −3.335% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1278% | 1h | 163.88 | −3.224% | $279K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
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
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
Lighter MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL