Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.009%
Price spread now: SoDEX against Injective+0.041%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
=Together, before fees—needs both histories
The price spread pays, funding is against you. SoDEX is 0.041% dearer against Injective than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MSTR/USDC PERP | 169.08 | 0.0104 | pay 0.0013% / 1h | 39m 03s | $13K | $21K | 30x |
| Short | SoDEX MSTR-USD | 169.15 | 0.0050 | get 0.0006% / 1h | 39m 03s | $44K | $3K | 10x |
Injective MSTR/USDC PERP
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Injective. 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
- −$11.3
- Price spread: +0.041% → 0.000%
- $4.14
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$15.18
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell SoDEX no order-book sample | — | — | — | — | — |
Injective and 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | 0.0000% | 8h | 169.27 | +0.112% | $1.3M | $6.1M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.15 | +0.041% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.42 | +0.203% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.42 | +0.201% | $2.9M | $65K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0001% | 1h | 169.21 | +0.077% | $276K | $442K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0025% | 8h | 169.13 | +0.030% | $22.1M | $106.4M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.35 | +0.160% | — | $2.1M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0048% | 1h | 169.15 | +0.041% | $583K | $1.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0049% | 1h | 169.23 | +0.089% | $1.5M | $10.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.18 | +0.059% | $389K | $2.8M | 10x | as long as short |
Aster MSTRUSDT
Gate MSTR_USDT
Variational Omni MSTR
Phemex MSTRUSDT
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
QFEX MSTR-USD
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USDshort | +0.0050% | 1h | 169.15 | +0.041% | $44K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.19 | +0.065% | $782K | $5.2M | 10x | as long as short |
| Nado MSTR-PERP | +0.0053% | 1h | 169.12 | +0.026% | $139K | $97K | 3x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0053% | 8h | 169.43 | +0.207% | $77K | $879K | 10x | as long as short |
| Bitget MSTRUSDT | +0.0063% | 8h | 169.14 | +0.035% | $28.7M | $120.0M | 25x | as long as short |
| Binance MSTRUSDT | +0.0066% | 8h | 169.17 | +0.053% | $89.2M | $628.9M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0080% | 8h | 169.20 | +0.071% | $1.1M | $1.8M | 20x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0096% | 1h | 169.32 | +0.142% | $1.5M | $1.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.12 | +0.025% | $105K | $87K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.18 | +0.059% | $2.5M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.16 | +0.047% | $4K | $357K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.17 | +0.053% | $3K | $11K | 10x | as long as short |
| Injective MSTR/USDC PERPlong | +0.0104% | 1h | 169.08 | long leg | $13K | $21K | 30x | |
| Lighter MSTR | +0.0104% | 1h | 169.13 | +0.030% | $3.6M | $2.4M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.18 | +0.062% | $140 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.0110% | 8h | 169.22 | +0.083% | $15.2M | $40.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0144% | 8h | 169.20 | +0.073% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0210% | 1h | 169.16 | +0.047% | $57.1M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0260% | 1h | 169.36 | +0.167% | $57K | $392K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0519% | 1h | 169.22 | +0.083% | $288K | $438K | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 169.32 | +0.142% | $27K | $129K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0874% | 4h | 169.41 | +0.193% | $47K | $5.5M | 10x | as long as short |
Ondo Perps MSTR-USD.P
Nado MSTR-PERP
GRVT MSTR_USDT_Perp
Bitget MSTRUSDT
Binance MSTRUSDT
BloFin MSTR-USDT
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Lighter MSTR
Aevo MSTR-PERP
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD
edgeX MSTRUSDC