MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0505%/8h= −55.3% APRnext payment −$0.63 per $10,000 · paid last 24h −0.179%

Price spread now: SoDEX against Deribit−0.037%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SoDEX is 0.037% cheaper against Deribit 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSTR_USDC-PERPETUAL	161.70	0.0555	pay 0.0069% / 1h	25m 45s	$275K	$438K	10x
Short	SoDEX MSTR-USD	161.64	0.0050	get 0.0006% / 1h	25m 45s	$43K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. 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 DeribitbpFee SoDEXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$105.97
Price spread: −0.037% → 0.000%: −$3.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$124.68
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 23 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 Deribit live order book, 23 min ago	6.10 bp	9.6 bp −$10	11.9 bp −$119	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	−0.1221%	8h	162.04	+0.210%	$26.8M	$117.8M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	161.77	+0.043%	$1.7M	$8.7M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	161.84	+0.087%	$4.6M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.30	+0.371%	$2.7M	$77K	10x	as long as short
Vest MSTR-USD-PERP	+0.0030%	1h	161.29	−0.254%	—	$1.8M	25x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	161.59	−0.068%	$495K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.725%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.10	+0.247%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	161.67	−0.019%	$373K	$2.7M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	161.64	−0.037%	$43K	$3K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	161.62	−0.049%	$863K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	161.74	+0.025%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	161.75	+0.031%	$262K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0093%	8h	161.93	+0.142%	$20.4M	$99.6M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	161.72	+0.012%	$99K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	161.62	−0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.11	+0.254%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	161.71	+0.006%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	161.71	+0.009%	$134	—	10x	as long as short
Variational Omni MSTR	+0.0121%	8h	161.70	+0.002%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0144%	1h	161.80	+0.062%	$3.4M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0145%	8h	161.68	−0.011%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−0.111%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0194%	8h	161.82	+0.073%	$83.5M	$627.7M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0209%	8h	162.29	+0.367%	$77K	$849K	10x	as long as short
BloFin MSTR-USDT	+0.0316%	8h	161.68	−0.012%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0335%	1h	161.77	+0.043%	$53.8M	$37.4M	10x	as long as short
Phoenix MSTR	+0.0362%	1h	162.41	+0.439%	$55K	$226K	10x	as long as short
Nado MSTR-PERP	+0.0369%	1h	161.64	−0.040%	$129K	$157K	3x	as long as short
Bybit MSTRUSDT	+0.0371%	8h	161.92	+0.136%	$16.7M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0491%	4h	162.30	+0.370%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUALlong	+0.0555%	1h	161.70	long leg	$275K	$438K	10x