MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.004%

Price spread now: Coinbase International against SoDEX−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 SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	166.25	0.0050	pay 0.0006% / 1h	57m 54s	$44K	$3K	10x
Short	Coinbase International MSTR-PERP-INTX	166.23	0.0112	get 0.0014% / 1h	57m 54s	$1.4M	$642K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.012%Rate

Funding earned: $13.02
Price spread: −0.012% → 0.000%: −$1.2
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$6.18
Costs to cover: 0.180%
Break-even: 10.3 days

Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	6.91 bp	12.6 bp −$13	15.6 bp −$156	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
Gate MSTR_USDT	0.0000%	8h	166.11	−0.084%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.00	−0.150%	$31.3M	$113.2M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.11	−0.084%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.89	−0.219%	$539K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.54	+0.174%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.18	−0.042%	$384K	$2.5M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	166.25	long leg	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.56	+0.186%	$926K	$3.5M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	166.37	+0.072%	$1.3M	$6.8M	10x	as long as short
Nado MSTR-PERP	+0.0086%	1h	166.23	−0.012%	$127K	$143K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	166.36	+0.064%	$102K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.04	−0.126%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.50	+0.150%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.40	+0.090%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.37	+0.071%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0112%	1h	166.23	−0.012%	$1.4M	$642K	10x
Paradex MSTR-USD-PERP	+0.0186%	8h	166.35	+0.060%	$67	—	5x	as long as short
Aster MSTRUSDT	+0.0192%	8h	166.01	−0.144%	$1.8M	$8.6M	50x	as long as short
Lighter MSTR	+0.0264%	1h	166.22	−0.018%	$3.5M	$1.7M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0276%	8h	166.07	−0.108%	$21.7M	$92.3M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0304%	1h	165.95	−0.180%	$54.9M	$36.2M	10x	as long as short
Variational Omni MSTR	+0.0308%	8h	166.59	+0.207%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0385%	8h	165.95	−0.182%	$86.5M	$589.2M	50x	as long as short
edgeX MSTRUSDC	+0.0420%	4h	166.79	+0.325%	$49K	$5.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	162.61	−2.189%	$7K	$26K	30x	as long as short
Phoenix MSTR	+0.0460%	1h	166.84	+0.358%	$56K	$215K	10x	as long as short
BloFin MSTR-USDT	+0.0507%	8h	166.49	+0.144%	$1.1M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0563%	8h	166.04	−0.126%	$17.1M	$40.3M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0593%	1h	166.31	+0.036%	$283K	$280K	10x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.45	+0.120%	$271K	$382K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0669%	8h	166.65	+0.241%	$82K	$844K	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.47	+0.132%	$26K	$102K	10x	as long as short