Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.072%
Price spread now: Arcus against SoDEX−0.012%7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 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 | 163.13 | 0.0050 | pay 0.0006% / 1h | 9m 50s | $43K | $3K | 10x |
| Short | Arcus MSTR-USD | 163.11 | 0.0040 | get 0.0005% / 1h | 9m 50s | $26K | $113K | 10x |
SoDEX MSTR-USD
Arcus MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against SoDEX. 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
- −$2.04
- Price spread: −0.012% → 0.000%
- −$1.23
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$15.77
- Costs to cover
- 0.125%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Arcus: live order book, 28 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 Arcus live order book, 28 min ago | 8.25 bp | 10.5 bp −$11 | 32.4 bp −$324 | 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 | −0.0452% | 8h | 163.28 | +0.092% | $29.5M | $119.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.23 | +0.061% | $4.7M | $19.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.16 | +0.018% | $2.7M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.04 | −0.055% | $591K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.807% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USDshort | +0.0040% | 1h | 163.11 | −0.012% | $26K | $113K | 10x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.99 | −0.086% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.09 | −0.025% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USDlong | +0.0050% | 1h | 163.13 | long leg | $43K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.85 | −0.172% | $888K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0056% | 1h | 163.11 | −0.012% | $3.5M | $2.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.13 | 0.000% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0075% | 8h | 163.15 | +0.011% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.00 | −0.078% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.08 | −0.031% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.03 | −0.061% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.19 | +0.037% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.20 | +0.045% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.313% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0139% | 8h | 163.07 | −0.035% | $65 | — | 5x | as long as short |
| Nado MSTR-PERP | +0.0175% | 1h | 163.05 | −0.050% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0197% | 8h | 163.01 | −0.074% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0200% | 8h | 163.15 | +0.012% | $20.8M | $99.8M | 50x | as long as short |
| Binance MSTRUSDT | +0.0269% | 8h | 163.15 | +0.012% | $83.9M | $620.2M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0270% | 8h | 163.12 | −0.004% | $82K | $859K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0324% | 4h | 162.80 | −0.205% | $46K | $5.4M | 10x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.17 | +0.024% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0390% | 8h | 162.97 | −0.098% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0406% | 8h | 163.12 | −0.006% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0438% | 1h | 163.12 | −0.006% | $53.9M | $37.7M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.20 | +0.043% | $268K | $419K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0670% | 1h | 163.21 | +0.049% | $278K | $437K | 10x | as long as short |
Lighter MSTR
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL