MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.020%

Price spread now: SoDEX against QFEX−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 QFEX 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	169.21	0.0035	pay 0.0004% / 1h	53m 00s	$1.5M	$10.0M	10x
Short	SoDEX MSTR-USD	169.19	0.0050	get 0.0006% / 1h	53m 00s	$45K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against QFEX. 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 QFEXbpFee SoDEXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $3.07
Price spread: −0.012% → 0.000%: −$1.18
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.11
Costs to cover: 0.180%
Break-even: 43.7 days

Slippage unknown: QFEX: live order book, 11 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 QFEX live order book, 11 min ago	1.48 bp	6.5 bp −$6	8.0 bp −$80	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
Nado MSTR-PERP	−0.0082%	1h	169.17	−0.026%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.21	0.000%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.09	−0.071%	$15.2M	$39.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.06	−0.089%	$21.9M	$104.0M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.17	−0.024%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.13	−0.047%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.249%	$1.2M	$2.4M	—	as long as short
Bitget MSTRUSDT	+0.0019%	8h	169.18	−0.018%	$28.6M	$115.4M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.17	−0.024%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.97	−0.142%	$579K	$1.7M	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-USDlong	+0.0035%	1h	169.21	long leg	$1.5M	$10.0M	10x
Arcus MSTR-USD	+0.0040%	1h	169.51	+0.177%	$27K	$121K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.39	+0.106%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.19	−0.012%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	169.19	−0.012%	$45K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.23	+0.012%	$765K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0069%	8h	169.25	+0.024%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0075%	8h	169.11	−0.058%	$89.3M	$622.6M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.272%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0094%	8h	169.23	+0.013%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.24	+0.018%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.22	+0.006%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.62	+0.242%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.26	+0.030%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.40	+0.114%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0109%	1h	169.11	−0.059%	$57.1M	$35.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.077%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	−0.025%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.29	+0.047%	$276K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0567%	4h	169.82	+0.359%	$48K	$5.5M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0570%	8h	169.80	+0.349%	$78K	$871K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0696%	1h	169.37	+0.095%	$288K	$438K	10x	as long as short