Funding you earn now, next payment 09:00 UTC−0.0350%/8h= −38.4% APRnext payment −$0.44 per $10,000 · paid last 24h −0.059%
Price spread now: SoDEX against RISEx−0.034%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and SoDEX is 0.034% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 163.07 | 0.0400 | pay 0.0050% / 1h | 37m 48s | $268K | $417K | 10x |
| Short | SoDEX MSTR-USD | 163.02 | 0.0050 | get 0.0006% / 1h | 37m 48s | $43K | $3K | 10x |
RISEx MSTR/USDC
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against RISEx. 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
- −$73.56
- Price spread: −0.034% → 0.000%
- −$3.37
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$90.93
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 60 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 RISEx live order book, 60 min ago | 0.61 bp | 3.6 bp −$4 | 5.2 bp −$52 | 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 | −0.0112% | 8h | 163.16 | +0.052% | $30.4M | $118.4M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.09 | +0.009% | $4.7M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.08 | +0.003% | $2.7M | $86K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.80 | −0.168% | $593K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.842% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.12 | +0.028% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.84 | −0.144% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.94 | −0.083% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USDshort | +0.0050% | 1h | 163.02 | −0.034% | $43K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.89 | −0.113% | $904K | $3.7M | 10x | as long as short |
Bitget 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 | +0.0061% | 1h | 163.03 | −0.028% | $1.3M | $7.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.00 | −0.049% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.99 | −0.052% | $2.3M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.04 | −0.021% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.07 | −0.003% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.06 | −0.008% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.279% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0129% | 8h | 163.04 | −0.024% | $1.8M | $8.7M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0174% | 8h | 162.98 | −0.059% | $65 | — | 5x | as long as short |
| Lighter MSTR | +0.0184% | 1h | 163.02 | −0.034% | $3.5M | $1.7M | 10x | as long as short |
| Nado MSTR-PERP | +0.0191% | 1h | 162.85 | −0.140% | $125K | $165K | 3x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0235% | 8h | 163.07 | −0.003% | $20.8M | $98.9M | 50x | as long as short |
| Variational Omni MSTR | +0.0241% | 8h | 163.15 | +0.045% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0323% | 8h | 163.05 | −0.015% | $84.5M | $619.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0376% | 4h | 163.24 | +0.100% | $47K | $5.4M | 10x | as long as short |
| RISEx MSTR/USDClong | +0.0400% | 1h | 163.07 | long leg | $268K | $417K | 10x | |
| BloFin MSTR-USDT | +0.0442% | 8h | 163.14 | +0.040% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0448% | 1h | 163.01 | −0.040% | $53.7M | $37.5M | 10x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 163.24 | +0.101% | $55K | $223K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0610% | 8h | 163.12 | +0.028% | $17.1M | $41.2M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0689% | 8h | 163.37 | +0.181% | $80K | $848K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1101% | 1h | 163.01 | −0.040% | $277K | $430K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Paradex MSTR-USD-PERP
Lighter MSTR
Nado MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
edgeX MSTRUSDC
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Bybit MSTRUSDT
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL