MSTR

Alert: funding

Alert: spread

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: SoDEX against Arcus−0.122%7-day average — · you buy dearer than you sell

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

Long on Arcus 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

Funding pays, the price is against you. SoDEX is 0.122% cheaper against Arcus than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 42 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	163.51	0.0040	pay 0.0005% / 1h	55m 40s	$26K	$113K	10x
Short	SoDEX MSTR-USD	163.31	0.0050	get 0.0006% / 1h	55m 40s	$43K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Arcus. 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 ArcusbpFee SoDEXbpOrdersPrice spread, now −0.122%Rate

Funding earned: $2.04
Price spread: −0.122% → 0.000%: −$12.23
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$22.69
Costs to cover: 0.125%
Break-even: 84.8 days

Slippage unknown: Arcus: live order book, 47 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 Arcus live order book, 47 min ago	7.06 bp	10.9 bp −$11	43.0 bp −$430	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	−0.0571%	8h	163.48	−0.018%	$29.1M	$118.9M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.34	−0.104%	$4.7M	$19.4M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.34	−0.104%	$2.7M	$81K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.08	−0.263%	$507K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.566%	$8K	$26K	30x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	163.51	long leg	$26K	$113K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	163.22	−0.177%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.30	−0.128%	$378K	$2.7M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	163.31	−0.122%	$43K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.25	−0.159%	$857K	$3.8M	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	+0.0067%	1h	163.24	−0.165%	$1.3M	$7.1M	10x	as long as short
Aster MSTRUSDT	+0.0067%	8h	163.15	−0.219%	$1.8M	$8.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	163.24	−0.167%	$100K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.30	−0.128%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.20	−0.190%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.32	−0.116%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.31	−0.119%	$136	—	10x	as long as short
Lighter MSTR	+0.0120%	1h	163.27	−0.147%	$3.5M	$2.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	161.52	−1.217%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0172%	8h	163.22	−0.176%	$65	—	5x	as long as short
OKX MSTR-USDT-SWAP	+0.0187%	8h	163.26	−0.153%	$20.8M	$99.8M	50x	as long as short
Variational Omni MSTR	+0.0193%	8h	163.27	−0.144%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0263%	8h	163.35	−0.098%	$84.1M	$624.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0276%	8h	163.50	−0.009%	$76K	$839K	10x	as long as short
Phoenix MSTR	+0.0328%	1h	163.46	−0.033%	$56K	$223K	10x	as long as short
Nado MSTR-PERP	+0.0363%	1h	163.25	−0.161%	$130K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0382%	8h	163.46	−0.031%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0411%	8h	163.29	−0.135%	$17.1M	$41.8M	50x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	163.32	−0.119%	$266K	$425K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0538%	1h	163.37	−0.086%	$54.0M	$37.8M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0608%	1h	163.30	−0.128%	$278K	$437K	10x	as long as short
edgeX MSTRUSDC	+0.0851%	4h	163.35	−0.098%	$46K	$5.4M	10x	as long as short