MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0291%/8h= −31.8% APRnext payment −$0.36 per $10,000 · paid last 24h −0.048%

Price spread now: SoDEX against Phoenix+0.097%7-day average — · you sell dearer than you buy

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

Long on Phoenix 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

The price spread pays, funding is against you. SoDEX is 0.097% dearer against Phoenix than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MSTR	163.69	0.0362	pay 0.0045% / 1h	51m 02s	$56K	$226K	10x
Short	SoDEX MSTR-USD	163.85	0.0071	get 0.0009% / 1h	51m 02s	$43K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phoenix. 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 PhoenixbpFee SoDEXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$61.06
Price spread: +0.097% → 0.000%: $9.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$66.4
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 59 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 Phoenix live order book, 59 min ago	3.65 bp	11.4 bp −$11	23.7 bp −$237	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	164.02	+0.200%	$27.1M	$116.9M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.85	+0.095%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.95	+0.158%	$4.6M	$19.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.05	+0.219%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.65	−0.026%	$596K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.450%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.81	+0.072%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.54	−0.093%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.75	+0.035%	$379K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.71	+0.011%	$830K	$4.0M	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	+0.0054%	1h	163.70	+0.005%	$1.4M	$7.2M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0062%	8h	163.91	+0.133%	$20.6M	$99.5M	50x	as long as short
SoDEX MSTR-USDshort	+0.0071%	1h	163.85	+0.097%	$43K	$3K	10x
RISEx MSTR/USDC	+0.0088%	1h	163.83	+0.084%	$266K	$446K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.71	+0.009%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.72	+0.017%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.59	−0.062%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.83	+0.084%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0103%	8h	163.88	+0.113%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.85	+0.095%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0105%	8h	163.74	+0.027%	$65	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0160%	8h	163.86	+0.103%	$79K	$838K	10x	as long as short
Binance MSTRUSDT	+0.0167%	8h	163.84	+0.090%	$85.8M	$619.6M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.57	−0.075%	$1.4M	$1.1M	10x	as long as short
Lighter MSTR	+0.0208%	1h	163.82	+0.078%	$3.5M	$1.9M	10x	as long as short
BloFin MSTR-USDT	+0.0287%	8h	163.93	+0.145%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0329%	8h	163.91	+0.133%	$16.7M	$41.2M	50x	as long as short
Nado MSTR-PERP	+0.0338%	1h	163.66	−0.022%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0353%	1h	163.81	+0.072%	$54.5M	$37.1M	10x	as long as short
Phoenix MSTRlong	+0.0362%	1h	163.69	long leg	$56K	$226K	10x
edgeX MSTRUSDC	+0.0496%	4h	163.67	−0.015%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1155%	1h	163.88	+0.115%	$279K	$438K	10x	as long as short