MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0291%/8h= +31.9% APRnext payment +$0.36 per $10,000 · paid last 24h +0.015%

Price spread now: Injective against SoDEX+3.011%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 Injective

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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Injective is 3.011% dearer against SoDEX than usual: you sell high and buy low: +$301 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	164.39	0.0050	pay 0.0006% / 1h	0m 54s	$43K	$3K	10x
Short	Injective MSTR/USDC PERP	169.34	0.0341	get 0.0043% / 1h	0m 54s	$8K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +3.011%Rate

Funding earned: $61.16
Price spread: +3.011% → 0.000%: $301.11
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $354.26
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—

SoDEX and Injective: 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 31 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	−0.1162%	8h	164.55	+0.097%	$27.6M	$114.9M	25x	as long as short
Gate MSTR_USDT	−0.0148%	8h	164.40	+0.006%	$4.6M	$19.2M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.35	−0.026%	$1.2M	$7.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.41	+0.012%	$20.8M	$99.3M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.44	+0.030%	$269K	$447K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.52	+0.079%	$2.8M	$69K	10x	as long as short
Variational Omni MSTR	+0.0016%	8h	164.41	+0.010%	$1.2M	$2.0M	—	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.28	−0.064%	$594K	$1.9M	10x	as long as short
Lighter MSTR	+0.0040%	1h	164.38	−0.006%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.55	+0.097%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.38	−0.006%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.38	−0.006%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	164.39	long leg	$43K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.33	−0.036%	$895K	$4.4M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.45	+0.036%	$1.4M	$7.9M	10x	as long as short
Binance MSTRUSDT	+0.0086%	8h	164.39	−0.003%	$87.7M	$619.6M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.43	+0.024%	$101K	$86K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.36	−0.018%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.40	+0.006%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.41	+0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.43	+0.027%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0157%	8h	164.38	−0.007%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.31	−0.049%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0185%	1h	164.37	−0.012%	$55.1M	$36.6M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0202%	8h	164.53	+0.086%	$79K	$760K	10x	as long as short
Nado MSTR-PERP	+0.0332%	1h	164.37	−0.013%	$122K	$149K	3x	as long as short
Injective MSTR/USDC PERPshort	+0.0341%	1h	169.34	+3.011%	$8K	$26K	30x
Bybit MSTRUSDT	+0.0355%	8h	164.46	+0.043%	$17.0M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.51	+0.071%	$55K	$219K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0541%	1h	164.45	+0.036%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0780%	4h	164.55	+0.097%	$50K	$5.5M	10x	as long as short