MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0232%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.158%

Price spread now: Deribit 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 Deribit

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: +$7 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	169.13	0.0050	pay 0.0006% / 1h	54m 59s	$45K	$3K	10x
Short	Deribit MSTR_USDC-PERPETUAL	169.11	0.0282	get 0.0035% / 1h	54m 59s	$288K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.012%Rate

Funding earned: $48.82
Price spread: −0.012% → 0.000%: −$1.18
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $32.64
Costs to cover: 0.150%
Break-even: 2.3 days

Slippage unknown: SoDEX: no order-book sample; Deribit: live order book, 19 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 Deribit live order book, 19 min ago	7.40 bp	11.5 bp −$11	14.6 bp −$146	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
Nado MSTR-PERP	−0.0087%	1h	169.14	+0.006%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.20	+0.043%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.29	+0.095%	$15.2M	$39.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.32	+0.112%	$21.9M	$104.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.28	+0.089%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.18	+0.030%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.297%	$1.2M	$2.4M	—	as long as short
Lighter MSTR	+0.0032%	1h	169.00	−0.077%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.48	+0.205%	$581K	$1.7M	10x	as long as short
Bitget MSTRUSDT	+0.0033%	8h	169.28	+0.089%	$28.6M	$115.6M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	169.39	+0.154%	$1.5M	$10.2M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.69	+0.331%	$27K	$122K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.47	+0.201%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.51	+0.225%	$398K	$2.7M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	169.13	long leg	$45K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.73	+0.355%	$765K	$5.1M	10x	as long as short
Binance MSTRUSDT	+0.0073%	8h	169.25	+0.071%	$89.4M	$623.4M	50x	as long as short
BloFin MSTR-USDT	+0.0080%	8h	169.12	−0.006%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.225%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0094%	8h	169.44	+0.186%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.45	+0.187%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.12	−0.006%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.62	+0.290%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.10	−0.018%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.21	+0.046%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0117%	1h	169.50	+0.219%	$57.2M	$37.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.49	+0.213%	$8K	$21K	30x	as long as short
Phoenix MSTR	+0.0260%	1h	169.47	+0.203%	$57K	$384K	10x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0282%	1h	169.11	−0.012%	$288K	$438K	10x
RISEx MSTR/USDC	+0.0349%	1h	169.44	+0.183%	$276K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0567%	4h	169.82	+0.407%	$48K	$5.5M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0570%	8h	169.80	+0.396%	$78K	$871K	10x	as long as short