MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0351%/8h= −38.4% APRnext payment −$0.44 per $10,000 · paid last 24h −0.178%

Price spread now: SoDEX against Deribit−0.030%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on SoDEX

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 against this trade now: funding costs −$11 a day on $10k at the current rate, and SoDEX is 0.030% cheaper against Deribit than usual: you would sell low and buy high (−$3 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	Deribit MSTR_USDC-PERPETUAL	169.12	0.0401	pay 0.0050% / 1h	47m 27s	$288K	$438K	10x
Short	SoDEX MSTR-USD	169.07	0.0050	get 0.0006% / 1h	47m 27s	$45K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. 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 DeribitbpFee SoDEXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$73.68
Price spread: −0.030% → 0.000%: −$2.96
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$91.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 26 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 Deribit live order book, 26 min ago	7.40 bp	10.9 bp −$11	14.8 bp −$148	doesn't fit	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
Nado MSTR-PERP	−0.0087%	1h	169.07	−0.027%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.11	−0.005%	$1.3M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.20	+0.047%	$21.9M	$103.8M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.14	+0.012%	$4.7M	$18.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	169.23	+0.065%	$28.6M	$114.9M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.96	−0.095%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.10	−0.012%	$77K	$859K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.10	−0.012%	$2.9M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	169.08	−0.024%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.01	−0.065%	$579K	$1.7M	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-USD	+0.0035%	1h	169.15	+0.018%	$1.4M	$9.9M	10x	as long as short
Bybit MSTRUSDT	+0.0040%	8h	169.22	+0.059%	$15.2M	$39.7M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.17	+0.030%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.25	+0.077%	—	$2.0M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.12	0.000%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	169.07	−0.030%	$45K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.91	−0.124%	$747K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0063%	8h	169.09	−0.018%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0070%	8h	169.19	+0.044%	$89.4M	$620.5M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.219%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0090%	8h	169.12	−0.001%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.16	+0.022%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.08	−0.024%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	−0.035%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.07	−0.030%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.08	−0.024%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0186%	1h	169.19	+0.041%	$57.1M	$35.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.130%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	169.15	+0.018%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.17	+0.030%	$275K	$440K	10x	as long as short
Deribit MSTR_USDC-PERPETUALlong	+0.0401%	1h	169.12	long leg	$288K	$438K	10x
edgeX MSTRUSDC	+0.0641%	4h	168.94	−0.106%	$47K	$5.5M	10x	as long as short