MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0365%/8h= −39.9% APRnext payment −$0.46 per $10,000 · paid last 24h −0.060%

Price spread now: SoDEX against Arcus−0.036%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on SoDEX

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—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and SoDEX is 0.036% cheaper against Arcus than usual: you would sell low and buy high (−$4 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	Arcus MSTR-USD	167.47	0.0415	pay 0.0052% / 1h	7m 47s	$31K	$60K	10x
Short	SoDEX MSTR-USD	167.41	0.0050	get 0.0006% / 1h	7m 47s	$44K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Arcus. 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 ArcusbpFee SoDEXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$76.58
Price spread: −0.036% → 0.000%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$92.66
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; SoDEX: 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 Arcus no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Arcus and 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 exchanges

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
RISEx MSTR/USDC	0.0000%	1h	167.40	−0.039%	$329K	$802K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	167.49	+0.012%	$4.4M	$17.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.61	+0.084%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	167.20	−0.161%	$1.4M	$3.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	168.58	+0.663%	$8K	$65K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.40	−0.042%	—	$796K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	167.38	−0.054%	$384K	$1.3M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	167.41	−0.036%	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	167.32	−0.090%	$723K	$2.5M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	167.44	−0.018%	$1.3M	$4.7M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	167.13	−0.203%	$648K	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	167.40	−0.042%	$93K	$115K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	167.30	−0.102%	$2.5M	$2.4M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	167.11	−0.215%	$38K	$85K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.39	−0.048%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	167.44	−0.019%	$139	$202	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0105%	8h	167.37	−0.060%	$22.1M	$56.1M	50x	as long as short
Nado MSTR-PERP	+0.0107%	1h	167.26	−0.125%	$136K	$112K	3x	as long as short
Lighter MSTR	+0.0112%	1h	167.42	−0.030%	$3.5M	$1.6M	10x	as long as short
Aster MSTRUSDT	+0.0120%	8h	167.36	−0.066%	$1.8M	$3.8M	50x	as long as short
Variational Omni MSTR	+0.0197%	8h	167.27	−0.120%	$1.5M	$1.5M	—	as long as short
tradeXYZ xyz:MSTR	+0.0212%	1h	167.39	−0.048%	$54.5M	$21.3M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0230%	8h	167.50	+0.016%	$67	—	5x	as long as short
Binance MSTRUSDT	+0.0290%	8h	167.43	−0.025%	$84.1M	$307.4M	50x	as long as short
Phoenix MSTR	+0.0334%	1h	167.39	−0.048%	$63K	$110K	10x	as long as short
edgeX MSTRUSDC	+0.0343%	4h	167.41	−0.035%	$34K	$2.6M	10x	as long as short
BloFin MSTR-USDT	+0.0397%	8h	167.43	−0.024%	$1.2M	$1.9M	20x	as long as short
Arcus MSTR-USDlong	+0.0415%	1h	167.47	long leg	$31K	$60K	10x
GRVT MSTR_USDT_Perp	+0.0415%	8h	167.34	−0.078%	$89K	$861K	10x	as long as short
Bybit MSTRUSDT	+0.0532%	8h	167.44	−0.018%	$16.4M	$36.3M	50x	as long as short
Bitget MSTRUSDT	+0.0560%	8h	167.41	−0.036%	$34.5M	$86.9M	25x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0946%	1h	167.48	+0.006%	$285K	$59K	10x	as long as short