Funding you earn now, next payment 01:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h +0.015%
Price spread now: SoDEX against Coinbase International−0.122%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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.122% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 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 | Coinbase International MSTR-PERP-INTX | 164.04 | 0.0168 | pay 0.0021% / 1h | 38m 04s | $1.4M | $1.1M | 10x |
| Short | SoDEX MSTR-USD | 163.84 | 0.0050 | get 0.0006% / 1h | 38m 04s | $43K | $3K | 10x |
Coinbase International MSTR-PERP-INTX
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Coinbase International. 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
- −$24.78
- Price spread: −0.122% → 0.000%
- −$12.19
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$54.97
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 6.10 bp | 11.1 bp −$11 | 14.6 bp −$146 | 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 | −0.0760% | 8h | 164.04 | 0.000% | $27.0M | $116.0M | 25x | as long as short |
| Gate MSTR_USDT | −0.0265% | 8h | 163.84 | −0.122% | $4.6M | $18.9M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.95 | −0.056% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.01 | −0.018% | $20.8M | $100.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.07 | +0.018% | $269K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.35 | +0.189% | $1.2M | $2.1M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.41 | +0.226% | $75K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.41 | +0.226% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +0.921% | $1.1M | $1.9M | 20x | as long as short |
| Binance MSTRUSDT | +0.0017% | 8h | 163.95 | −0.057% | $87.1M | $626.8M | 50x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
Binance MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.69 | −0.210% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.31 | +0.165% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.83 | −0.128% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USDshort | +0.0050% | 1h | 163.84 | −0.122% | $43K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.86 | −0.110% | $884K | $4.8M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0056% | 4h | 165.04 | +0.609% | $47K | $5.4M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.10 | +0.037% | $1.4M | $8.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.10 | +0.039% | $101K | $86K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.82 | −0.134% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.64 | +0.366% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.92 | −0.073% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.87 | −0.104% | $136 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0123% | 1h | 163.98 | −0.037% | $380K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 163.79 | −0.152% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0164% | 8h | 164.02 | −0.011% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTXlong | +0.0168% | 1h | 164.04 | long leg | $1.4M | $1.1M | 10x | |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +3.231% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.0353% | 1h | 163.86 | −0.110% | $55.2M | $36.3M | 10x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.58 | +0.330% | $55K | $219K | 10x | as long as short |
| Nado MSTR-PERP | +0.0410% | 1h | 163.89 | −0.093% | $111K | $142K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0426% | 8h | 164.05 | +0.006% | $17.2M | $41.3M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0666% | 1h | 163.87 | −0.104% | $279K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Ondo Perps MSTR-USD.P
edgeX MSTRUSDC
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Polymarket Perps MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL