Funding you earn now, next payment 06:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h +0.006%
Price spread now: Bybit against SoDEX0.000%46s7-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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSTR-USD | 164.16 | 0.0414 | pay 0.0052% / 1h | 5m 25s | $43K | $3K | 10x |
| Short | Bybit MSTRUSDT | 164.16 | 0.0375 | get 0.0375% / 8h | 2h 05m | $16.8M | $41.9M | 50x |
SoDEX MSTR-USD
Bybit MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SoDEX. 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
- −$8.2
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.2
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 3 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 1.22 bp | 9.0 bp −$9 | 16.1 bp −$161 | 130.4 bp −$13.0K | doesn't fit |
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 | −0.1037% | 8h | 164.32 | +0.097% | $28.4M | $119.0M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.20 | +0.024% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.89 | −0.164% | $2.8M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0018% | 8h | 164.02 | −0.084% | $1.8M | $8.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.03 | −0.076% | $511K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.155% | $8K | $26K | 30x | as long as short |
| Vest MSTR-USD-PERP | +0.0033% | 1h | 164.12 | −0.024% | — | $1.8M | 25x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.03 | −0.079% | $26K | $113K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.01 | −0.091% | $378K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.77 | −0.238% | $853K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Arcus MSTR-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 164.09 | −0.043% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 164.15 | −0.006% | $264K | $442K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.05 | −0.069% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.06 | −0.061% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.94 | −0.134% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.20 | +0.024% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.14 | −0.010% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0123% | 8h | 164.12 | −0.024% | $20.8M | $101.2M | 50x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 164.09 | −0.043% | $3.5M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0146% | 8h | 164.20 | +0.024% | $66 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0147% | 8h | 164.18 | +0.010% | $1.2M | $2.1M | — | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −1.608% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0221% | 8h | 164.10 | −0.037% | $84.2M | $629.2M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0236% | 8h | 164.07 | −0.053% | $79K | $854K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0240% | 1h | 163.96 | −0.122% | $54.3M | $37.4M | 10x | as long as short |
| Nado MSTR-PERP | +0.0335% | 1h | 164.15 | −0.009% | $131K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0338% | 8h | 164.04 | −0.073% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.88 | −0.171% | $56K | $226K | 10x | as long as short |
| Bybit MSTRUSDTshort | +0.0375% | 8h | 164.16 | 0.000% | $16.8M | $41.9M | 50x | |
| SoDEX MSTR-USDlong | +0.0414% | 1h | 164.16 | long leg | $43K | $3K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0725% | 1h | 164.18 | +0.012% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0838% | 4h | 164.00 | −0.095% | $46K | $5.4M | 10x | as long as short |
QFEX MSTR-USD
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Lighter MSTR
Paradex MSTR-USD-PERP
Variational Omni MSTR
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC