Funding you earn now, next payment 07:00 UTC−0.0217%/8h= −23.8% APRnext payment −$0.27 per $10,000 · paid last 24h −0.023%
Price spread now: SoDEX against tradeXYZ+0.018%7-day average — · you sell dearer than you buy
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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSTR | 163.41 | 0.0270 | pay 0.0034% / 1h | 24m 00s | $54.2M | $37.1M | 10x |
| Short | SoDEX MSTR-USD | 163.44 | 0.0053 | get 0.0007% / 1h | 24m 00s | $43K | $3K | 10x |
tradeXYZ xyz:MSTR
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against tradeXYZ. 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
- −$45.64
- Price spread: +0.018% → 0.000%
- $1.84
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$69.8
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago | 0.31 bp | 11.0 bp −$11 | 13.7 bp −$137 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0902% | 8h | 163.67 | +0.159% | $28.9M | $118.8M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.59 | +0.110% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.66 | +0.153% | $2.8M | $79K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.40 | −0.006% | $508K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.629% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.26 | −0.092% | $26K | $113K | 10x | as long as short |
| Aster MSTRUSDT | +0.0041% | 8h | 163.28 | −0.083% | $1.8M | $8.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.22 | −0.116% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.35 | −0.037% | $378K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.14 | −0.165% | $857K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Aster MSTRUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USDshort | +0.0053% | 1h | 163.44 | +0.018% | $43K | $3K | 10x | |
| QFEX MSTR-USD | +0.0057% | 1h | 163.42 | +0.006% | $1.3M | $7.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.35 | −0.034% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.30 | −0.067% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.98 | −0.263% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.41 | 0.000% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.43 | +0.011% | $136 | — | 10x | as long as short |
| Lighter MSTR | +0.0144% | 1h | 163.38 | −0.018% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.157% | $1.4M | $1.1M | 10x | as long as short |
| Variational Omni MSTR | +0.0158% | 8h | 163.34 | −0.045% | $1.2M | $2.1M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0159% | 8h | 163.56 | +0.092% | $20.8M | $100.6M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0168% | 8h | 163.35 | −0.037% | $65 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0239% | 8h | 163.53 | +0.073% | $84.0M | $627.7M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0248% | 8h | 163.15 | −0.159% | $77K | $878K | 10x | as long as short |
| tradeXYZ xyz:MSTRlong | +0.0270% | 1h | 163.41 | long leg | $54.2M | $37.1M | 10x | |
| Phoenix MSTR | +0.0328% | 1h | 162.77 | −0.391% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0356% | 8h | 163.48 | +0.043% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0359% | 1h | 163.24 | −0.105% | $130K | $157K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.43 | +0.013% | $265K | $428K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0385% | 8h | 163.57 | +0.098% | $16.8M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0630% | 4h | 163.03 | −0.230% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0975% | 1h | 163.42 | +0.006% | $278K | $437K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Lighter MSTR
Coinbase International MSTR-PERP-INTX
Variational Omni MSTR
OKX MSTR-USDT-SWAP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL