MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.033%

Price spread now: Extended against SoDEX−0.075%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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.075% cheaper against SoDEX than usual: you would sell low and buy high (−$7 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	SoDEX MSTR-USD	169.45	0.0050	pay 0.0006% / 1h	7m 42s	$44K	$3K	10x
Short	Extended MSTR_24_5-USD	169.32	0.0032	get 0.0004% / 1h	7m 42s	$588K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$3.78
Price spread: −0.075% → 0.000%: −$7.46
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$24.24
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Extended: 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 Extended live order book, 1 min ago	1.77 bp	5.4 bp −$5	32.2 bp −$322	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	−0.0068%	1h	169.35	−0.060%	$139K	$98K	3x	as long as short
BloFin MSTR-USDT	−0.0027%	8h	169.57	+0.071%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.44	−0.007%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.50	+0.030%	$88.6M	$630.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.42	−0.018%	$22.1M	$107.4M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.50	+0.027%	$277K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.41	−0.024%	$4.8M	$19.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.48	+0.018%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.53	+0.046%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.48	+0.018%	$2.9M	$59K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.44	−0.006%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	169.32	−0.075%	$588K	$1.9M	10x
QFEX MSTR-USD	+0.0039%	1h	169.48	+0.018%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.59	+0.083%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.201%	$1.5M	$1.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.42	−0.018%	$407K	$2.6M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	169.45	long leg	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.30	−0.089%	$752K	$5.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0057%	1h	169.44	−0.006%	$56.8M	$38.3M	10x	as long as short
Bitget MSTRUSDT	+0.0068%	8h	169.48	+0.018%	$28.8M	$120.0M	25x	as long as short
Paradex MSTR-USD-PERP	+0.0085%	8h	169.42	−0.017%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0089%	8h	169.47	+0.012%	$15.2M	$41.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.43	−0.010%	$104K	$121K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.38	−0.041%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.47	+0.012%	$4K	$856K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.44	−0.006%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.43	−0.012%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.66	+0.126%	$57K	$396K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.58	+0.077%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.61	+0.094%	$13K	$22K	30x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0517%	1h	169.55	+0.059%	$288K	$439K	10x	as long as short
edgeX MSTRUSDC	+0.0635%	4h	169.48	+0.017%	$48K	$5.4M	10x	as long as short