Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h +0.033%
Price spread now: tradeXYZ against SoDEX−0.024%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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.024% cheaper against SoDEX than usual: you would sell low and buy high (−$2 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 | SoDEX MSTR-USD | 165.22 | 0.0132 | pay 0.0016% / 1h | 23m 31s | $44K | $3K | 10x |
| Short | tradeXYZ xyz:MSTR | 165.18 | 0.0075 | get 0.0009% / 1h | 23m 31s | $55.0M | $36.7M | 10x |
SoDEX MSTR-USD
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$11.85
- Price spread: −0.024% → 0.000%
- −$2.42
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$40.28
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago | 0.30 bp | 9.3 bp −$9 | 12.5 bp −$125 | 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 | −0.1122% | 8h | 165.34 | +0.073% | $27.7M | $114.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 165.14 | −0.047% | $1.9M | $8.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 165.24 | +0.012% | $20.8M | $100.0M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 165.29 | +0.042% | $4.6M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.30 | +0.048% | $2.8M | $71K | 10x | as long as short |
| Variational Omni MSTR | +0.0031% | 8h | 165.03 | −0.114% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 165.22 | 0.000% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.06 | −0.094% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.494% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.17 | −0.030% | $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 | 165.25 | +0.018% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 165.17 | −0.030% | $384K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.07 | −0.091% | $862K | $4.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 165.25 | +0.018% | $1.4M | $7.6M | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0075% | 1h | 165.18 | −0.024% | $55.0M | $36.7M | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 165.20 | −0.011% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 165.15 | −0.042% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.04 | −0.109% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.21 | −0.006% | $3K | $8K | 10x | as long as short |
| Binance MSTRUSDT | +0.0103% | 8h | 165.26 | +0.024% | $88.4M | $617.8M | 50x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.21 | −0.008% | $137 | — | 10x | as long as short |
| SoDEX MSTR-USDlong | +0.0132% | 1h | 165.22 | long leg | $44K | $3K | 10x | |
| Paradex MSTR-USD-PERP | +0.0142% | 8h | 165.26 | +0.022% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0158% | 8h | 165.01 | −0.127% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.684% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0219% | 8h | 165.17 | −0.030% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0223% | 1h | 165.10 | −0.071% | $122K | $150K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 165.25 | +0.018% | $271K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.99 | −0.139% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0347% | 8h | 165.32 | +0.061% | $17.2M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0638% | 4h | 165.09 | −0.080% | $50K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0900% | 1h | 165.35 | +0.079% | $281K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
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