MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.007%

Price spread now: ApeX Omni against SoDEX−0.085%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on ApeX Omni

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

Funding pays, the price is against you. ApeX Omni is 0.085% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	164.38	0.0050	pay 0.0006% / 1h	46m 59s	$43K	$3K	10x
Short	ApeX Omni MSTRUSDT	164.24	0.0100	get 0.0013% / 1h	46m 59s	$6K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SoDEX. 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 SoDEXbpFee ApeX OmnibpOrdersPrice spread, now −0.085%Rate

Funding earned: $10.5
Price spread: −0.085% → 0.000%: −$8.52
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$16.02
Costs to cover: 0.180%
Break-even: 17.7 days

Slippage unknown: SoDEX: no order-book sample; ApeX Omni: live order book, 17 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 17 min ago	3.04 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit

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	−0.0885%	8h	164.59	+0.128%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.48	+0.062%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.47	+0.055%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.49	+0.067%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.26	−0.073%	$593K	$1.9M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0032%	8h	164.46	+0.049%	$20.7M	$99.6M	50x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.017%	$8K	$26K	30x	as long as short
Lighter MSTR	+0.0040%	1h	164.32	−0.037%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.54	+0.097%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.39	+0.006%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.47	+0.055%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	164.38	long leg	$43K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.40	+0.012%	$858K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.50	+0.073%	$1.4M	$7.3M	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	164.47	+0.052%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.51	+0.077%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.37	−0.006%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	164.24	−0.085%	$6K	$186K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.49	+0.067%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.42	+0.025%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.52	+0.083%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0161%	8h	164.44	+0.037%	$86.9M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.158%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.40	+0.012%	$75K	$803K	10x	as long as short
edgeX MSTRUSDC	+0.0198%	4h	164.28	−0.062%	$49K	$5.3M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.53	+0.088%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0245%	1h	164.44	+0.038%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0247%	1h	164.34	−0.024%	$54.7M	$37.0M	10x	as long as short
BloFin MSTR-USDT	+0.0282%	8h	164.38	0.000%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0339%	8h	164.43	+0.030%	$16.8M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.38	−0.001%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0541%	1h	164.47	+0.055%	$280K	$438K	10x	as long as short