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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0218%/8h= +23.8% APRpaid last 24h −0.013%
Price spread now: GRVT against SoDEX−0.079%74s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on GRVT
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 airdropGRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. GRVT is 0.079% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 29 hours of funding at the current rate (+$7 a day). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MSTR-USD163.760.0050pay 0.0006% / 1h5m 58s$43K$3K10x
ShortGRVT MSTR_USDT_Perp163.630.0268get 0.0268% / 8h1h 05m$76K$865K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$45.7
Price spread: −0.079% → 0.000%
−$7.94
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$20.76
Costs to cover
0.170%
Break-even
3.8 days
Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 37 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample—————
Sell GRVT live order book, 37 min ago1.54 bp10.0 bp −$1015.4 bp −$154doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0645%8h163.95+0.116%$29.2M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.90+0.085%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.74−0.012%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.60−0.095%$508K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.407%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.69−0.043%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.64−0.073%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.68−0.049%$379K$2.7M10xas long as short
SoDEX MSTR-USDlong+0.0050%1h163.76long leg$43K$3K10x
Ondo Perps MSTR-USD.P+0.0050%1h163.34−0.256%$847K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.77+0.006%$1.3M$7.2M10xas long as short
Aster MSTRUSDT+0.0058%8h163.69−0.044%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.76+0.001%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.71−0.031%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.44−0.195%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.73−0.018%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.79+0.020%$136—10xas long as short
Lighter MSTR+0.0112%1h163.74−0.012%$3.5M$2.0M10xas long as short
edgeX MSTRUSDC+0.0141%4h163.56−0.119%$46K$5.4M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.368%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0166%8h163.78+0.014%$66—5xas long as short
OKX MSTR-USDT-SWAP+0.0173%8h163.85+0.055%$20.9M$100.4M50xas long as short
Variational Omni MSTR+0.0177%8h163.46−0.180%$1.2M$2.1M—as long as short
tradeXYZ xyz:MSTR+0.0243%1h163.73−0.018%$54.2M$37.1M10xas long as short
Binance MSTRUSDT+0.0254%8h163.82+0.037%$84.2M$625.5M50xas long as short
GRVT MSTR_USDT_Perpshort+0.0268%8h163.63−0.079%$76K$865K10x
Phoenix MSTR+0.0328%1h163.52−0.147%$56K$223K10xas long as short
Nado MSTR-PERP+0.0357%1h163.68−0.046%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0373%8h163.74−0.012%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.83+0.043%$267K$426K10xas long as short
Bybit MSTRUSDT+0.0395%8h163.85+0.055%$17.2M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0911%1h163.81+0.031%$279K$437K10xas long as short