Funding you earn now, next payment 05:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.046%
Price spread now: SoDEX against BloFin−0.146%56s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$7 a day on $10k at the current rate, and SoDEX is 0.146% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 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 | BloFin MSTR-USDT | 164.32 | 0.0278 | pay 0.0278% / 8h | 3h 41m | $1.0M | $2.0M | 20x |
| Short | SoDEX MSTR-USD | 164.08 | 0.0050 | get 0.0006% / 1h | 41m 30s | $43K | $3K | 10x |
BloFin MSTR-USDT
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$47.98
- Price spread: −0.146% → 0.000%
- −$14.61
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$82.58
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 1 min ago; 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 BloFin live order book, 1 min ago | 0.31 bp | 7.2 bp −$7 | 10.7 bp −$107 | 25.9 bp −$2,585 | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
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 | −0.0891% | 8h | 164.32 | 0.000% | $27.8M | $115.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.99 | −0.200% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.22 | −0.061% | $4.6M | $18.9M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.12 | −0.122% | $2.8M | $76K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.96 | −0.216% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.055% | $8K | $26K | 30x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0037% | 8h | 164.19 | −0.079% | $20.6M | $99.5M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.33 | +0.006% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.96 | −0.219% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.06 | −0.158% | $380K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
OKX MSTR-USDT-SWAP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USDshort | +0.0050% | 1h | 164.08 | −0.146% | $43K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.07 | −0.152% | $853K | $3.9M | 10x | as long as short |
| Lighter MSTR | +0.0064% | 1h | 164.10 | −0.134% | $3.5M | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.13 | −0.116% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.08 | −0.145% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.01 | −0.189% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.24 | −0.049% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.99 | −0.201% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0101% | 8h | 164.45 | +0.077% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.02 | −0.182% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 164.12 | −0.121% | $66 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0157% | 8h | 164.12 | −0.119% | $86.7M | $615.9M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0167% | 8h | 164.42 | +0.059% | $75K | $803K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.96 | −0.219% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.08 | −0.145% | $266K | $445K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0246% | 1h | 164.08 | −0.146% | $54.7M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0255% | 1h | 164.09 | −0.142% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDTlong | +0.0278% | 8h | 164.32 | long leg | $1.0M | $2.0M | 20x | |
| Bybit MSTRUSDT | +0.0330% | 8h | 164.15 | −0.103% | $16.7M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.53 | +0.129% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0787% | 1h | 164.08 | −0.146% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0797% | 4h | 164.29 | −0.020% | $49K | $5.3M | 10x | as long as short |
Ondo Perps MSTR-USD.P
Lighter MSTR
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC