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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.010%
Price spread now: SoDEX against Orderly+0.012%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MSTR_USDC_mythos163.670.0100pay 0.0100% / 8h1h 03m$2K$13K10x
ShortSoDEX MSTR-USD163.690.0050get 0.0006% / 1h3m 29s$43K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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

Funding earned
−$10.5
Price spread: +0.012% → 0.000%
$1.22
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$23.28
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell SoDEX no order-book sample—————
Orderly 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0605%8h163.89+0.134%$29.2M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.85+0.110%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.69+0.012%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.54−0.079%$507K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.464%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.77+0.061%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.63−0.024%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.60−0.043%$378K$2.7M10xas long as short
SoDEX MSTR-USDshort+0.0050%1h163.69+0.012%$43K$3K10x
Ondo Perps MSTR-USD.P+0.0050%1h163.41−0.159%$847K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.74+0.043%$1.3M$7.2M10xas long as short
Aster MSTRUSDT+0.0060%8h163.60−0.043%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.69+0.015%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.63−0.024%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.55−0.073%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythoslong+0.0100%8h163.67long leg$2K$13K10x
Aevo MSTR-PERP+0.0104%1h163.68+0.006%$136—10xas long as short
Lighter MSTR+0.0112%1h163.71+0.024%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.314%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0167%8h163.66−0.007%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0175%8h163.76+0.055%$20.9M$100.3M50xas long as short
Variational Omni MSTR+0.0182%8h163.75+0.047%$1.2M$2.1M—as long as short
tradeXYZ xyz:MSTR+0.0246%1h163.73+0.037%$54.1M$37.8M10xas long as short
Binance MSTRUSDT+0.0257%8h163.76+0.055%$84.2M$625.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0271%8h163.74+0.042%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.78+0.068%$56K$223K10xas long as short
Nado MSTR-PERP+0.0360%1h163.62−0.028%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0376%8h163.77+0.061%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.74+0.043%$266K$426K10xas long as short
Bybit MSTRUSDT+0.0399%8h163.77+0.061%$17.1M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0851%1h163.69+0.012%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0963%4h163.78+0.064%$46K$5.4M10xas long as short