MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h −0.023%

Price spread now: QFEX against SoDEX+0.006%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 QFEX

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: +$1 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	163.01	0.0050	pay 0.0006% / 1h	18m 15s	$43K	$3K	10x
Short	QFEX MSTR-USD	163.02	0.0067	get 0.0008% / 1h	18m 15s	$1.3M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $3.53
Price spread: +0.006% → 0.000%: $0.61
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$13.86
Costs to cover: 0.180%
Break-even: 34.5 days

Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 11 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 QFEX live order book, 11 min ago	1.23 bp	6.2 bp −$6	7.1 bp −$71	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
Bitget MSTRUSDT	−0.0458%	8h	163.18	+0.104%	$29.4M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.05	+0.025%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.03	+0.012%	$2.7M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.83	−0.110%	$591K	$2.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.883%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.03	+0.012%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.84	−0.104%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.92	−0.055%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	163.01	long leg	$43K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.86	−0.092%	$896K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USDshort	+0.0067%	1h	163.02	+0.006%	$1.3M	$7.1M	10x
Lighter MSTR	+0.0072%	1h	162.94	−0.043%	$3.5M	$2.0M	10x	as long as short
Aster MSTRUSDT	+0.0078%	8h	162.95	−0.034%	$1.8M	$8.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	163.03	+0.010%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.94	−0.043%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.77	−0.147%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.98	−0.018%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.99	−0.015%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	162.83	−0.110%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0147%	8h	163.03	+0.010%	$65	—	5x	as long as short
Nado MSTR-PERP	+0.0195%	1h	162.96	−0.029%	$125K	$165K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0201%	8h	163.02	+0.006%	$20.8M	$99.8M	50x	as long as short
Variational Omni MSTR	+0.0203%	8h	162.78	−0.143%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	+0.0272%	8h	162.86	−0.091%	$78K	$849K	10x	as long as short
Binance MSTRUSDT	+0.0272%	8h	162.96	−0.029%	$83.8M	$620.6M	50x	as long as short
Phoenix MSTR	+0.0357%	1h	162.90	−0.066%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0392%	8h	163.07	+0.037%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0409%	8h	163.00	−0.006%	$17.1M	$41.7M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0461%	1h	162.94	−0.043%	$53.8M	$37.7M	10x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	163.06	+0.034%	$268K	$419K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0610%	1h	162.97	−0.025%	$277K	$437K	10x	as long as short
edgeX MSTRUSDC	+0.0886%	4h	162.82	−0.115%	$46K	$5.4M	10x	as long as short