Funding you earn now, next payment 03:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.007%
Price spread now: KuCoin against SoDEX−0.036%53s7-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 −$1 a day on $10k at the current rate, and KuCoin is 0.036% cheaper against SoDEX 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. The two prices were read 53 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 | 165.10 | 0.0129 | pay 0.0016% / 1h | 24m 28s | $43K | $3K | 10x |
| Short | KuCoin MSTRUSDTM | 165.04 | 0.0100 | get 0.0100% / 8h | 5h 24m | $2.4M | $2.7M | 20x |
SoDEX MSTR-USD
KuCoin MSTRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$6.1
- Price spread: −0.036% → 0.000%
- −$3.63
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$29.73
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 2.12 bp | 19.0 bp −$19 | doesn't fit | 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 | −0.1138% | 8h | 165.28 | +0.109% | $27.8M | $114.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 165.04 | −0.038% | $1.9M | $8.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 165.30 | +0.121% | $20.7M | $100.0M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 165.32 | +0.133% | $4.6M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.18 | +0.048% | $2.8M | $71K | 10x | as long as short |
| Variational Omni MSTR | +0.0031% | 8h | 165.03 | −0.042% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 165.05 | −0.030% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.99 | −0.070% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.568% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.11 | +0.006% | $27K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.19 | +0.055% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 165.13 | +0.018% | $384K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.83 | −0.164% | $862K | $4.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 165.13 | +0.018% | $1.4M | $7.6M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0074% | 1h | 165.20 | +0.061% | $55.0M | $36.7M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 165.08 | −0.013% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTMshort | +0.0100% | 8h | 165.04 | −0.036% | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.84 | −0.157% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.21 | +0.067% | $3K | $8K | 10x | as long as short |
| Binance MSTRUSDT | +0.0100% | 8h | 165.26 | +0.098% | $88.4M | $617.9M | 50x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.21 | +0.064% | $137 | — | 10x | as long as short |
| SoDEX MSTR-USDlong | +0.0129% | 1h | 165.10 | long leg | $43K | $3K | 10x | |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 165.11 | +0.005% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0158% | 8h | 165.01 | −0.055% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.612% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0219% | 8h | 165.17 | +0.042% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0222% | 1h | 165.04 | −0.035% | $122K | $150K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 165.17 | +0.041% | $270K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.99 | −0.066% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0347% | 8h | 165.38 | +0.170% | $17.2M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0633% | 4h | 165.02 | −0.048% | $50K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1023% | 1h | 165.17 | +0.042% | $281K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Binance MSTRUSDT
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
RISEx MSTR/USDC
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL