MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h +0.075%

Price spread now: Arcus against SoDEX+0.030%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Arcus

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. Arcus is 0.030% dearer against SoDEX than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	165.52	0.0080	pay 0.0010% / 1h	11m 48s	$44K	$3K	10x
Short	Arcus MSTR-USD	165.57	0.0040	get 0.0005% / 1h	11m 48s	$27K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$8.29
Price spread: +0.030% → 0.000%: $3.02
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$17.77
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Arcus: live order book, 51 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 Arcus live order book, 51 min ago	6.68 bp	12.6 bp −$13	37.7 bp −$377	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	−0.0932%	8h	165.65	+0.079%	$27.8M	$114.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.46	−0.035%	$1.9M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.58	+0.036%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.50	−0.012%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0001%	8h	165.57	+0.030%	$20.8M	$100.1M	50x	as long as short
Lighter MSTR	+0.0032%	1h	165.50	−0.012%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.39	−0.079%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.308%	$8K	$26K	30x	as long as short
Variational Omni MSTR	+0.0040%	8h	165.67	+0.092%	$1.2M	$2.1M	—	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	165.57	+0.030%	$27K	$110K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.68	+0.097%	—	$1.7M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	165.45	−0.042%	$55.1M	$36.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.50	−0.012%	$383K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.39	−0.079%	$882K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	165.53	+0.006%	$1.4M	$7.5M	10x	as long as short
SoDEX MSTR-USDlong	+0.0080%	1h	165.52	long leg	$44K	$3K	10x
Pacifica MSTR	+0.0100%	1h	165.46	−0.037%	$101K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.44	−0.048%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.40	−0.072%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.52	0.000%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.54	+0.013%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0109%	8h	165.57	+0.028%	$88.2M	$616.6M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0134%	8h	165.57	+0.032%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0161%	8h	165.55	+0.016%	$75K	$749K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	165.51	−0.006%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0216%	1h	165.51	−0.004%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0228%	8h	165.53	+0.006%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.58	+0.036%	$271K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.57	+0.028%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0343%	8h	165.64	+0.072%	$17.3M	$40.6M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0536%	1h	165.49	−0.018%	$281K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0965%	4h	165.49	−0.019%	$51K	$5.4M	10x	as long as short