MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h +0.023%

Price spread now: tradeXYZ against SoDEX−0.060%52s7-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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.060% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$9 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	166.25	0.0050	pay 0.0006% / 1h	57m 22s	$44K	$3K	10x
Short	tradeXYZ xyz:MSTR	166.15	0.0346	get 0.0043% / 1h	57m 22s	$54.9M	$36.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.060%Rate

Funding earned: $62.12
Price spread: −0.060% → 0.000%: −$6.02
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $30.11
Costs to cover: 0.260%
Break-even: 3.6 days

Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago	0.90 bp	10.5 bp −$11	12.0 bp −$120	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
Gate MSTR_USDT	0.0000%	8h	166.31	+0.036%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.33	+0.048%	$31.4M	$112.8M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.11	−0.084%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.98	−0.163%	$539K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.25	0.000%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.09	−0.096%	$384K	$2.5M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	166.25	long leg	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.71	−0.325%	$926K	$3.5M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	166.09	−0.096%	$1.3M	$6.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.05	−0.123%	$102K	$88K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	166.08	−0.102%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.50	+0.150%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.18	−0.042%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.16	−0.057%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	166.23	−0.012%	$1.4M	$642K	10x	as long as short
Nado MSTR-PERP	+0.0132%	1h	166.08	−0.105%	$127K	$143K	3x	as long as short
Lighter MSTR	+0.0176%	1h	166.02	−0.138%	$3.5M	$1.7M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0184%	8h	166.00	−0.151%	$66	—	5x	as long as short
Aster MSTRUSDT	+0.0189%	8h	166.11	−0.082%	$1.8M	$8.6M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0280%	8h	166.27	+0.012%	$21.7M	$92.1M	50x	as long as short
Variational Omni MSTR	+0.0308%	8h	166.59	+0.207%	$1.2M	$1.8M	—	as long as short
tradeXYZ xyz:MSTRshort	+0.0346%	1h	166.15	−0.060%	$54.9M	$36.2M	10x
Binance MSTRUSDT	+0.0381%	8h	166.10	−0.088%	$86.6M	$588.9M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	162.61	−2.189%	$7K	$26K	30x	as long as short
Phoenix MSTR	+0.0460%	1h	166.84	+0.358%	$56K	$215K	10x	as long as short
BloFin MSTR-USDT	+0.0507%	8h	166.49	+0.144%	$1.1M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0570%	8h	166.23	−0.012%	$17.2M	$40.2M	50x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.10	−0.088%	$271K	$382K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0669%	8h	166.65	+0.241%	$82K	$844K	10x	as long as short
edgeX MSTRUSDC	+0.0709%	4h	166.62	+0.225%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0894%	1h	166.24	−0.006%	$283K	$276K	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.20	−0.030%	$26K	$102K	10x	as long as short