MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h −0.015%

Price spread now: Coinbase International against SoDEX−0.145%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Coinbase International

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. Coinbase International is 0.145% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.145% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 3.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	165.19	0.0050	pay 0.0006% / 1h	3m 08s	$43K	$3K	10x
Short	Coinbase International MSTR-PERP-INTX	164.95	0.0200	get 0.0025% / 1h	3m 08s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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 SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.145%Rate

Funding earned: $31.5
Price spread: −0.145% → 0.000%: −$14.53
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1.03
Costs to cover: 0.180%
Break-even: 7.2 days

Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, just now. 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 Coinbase International live order book, just now	6.05 bp	11.1 bp −$11	14.7 bp −$147	doesn't fit	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	−0.0840%	8h	165.35	+0.097%	$27.7M	$114.7M	25x	as long as short
Gate MSTR_USDT	−0.0021%	8h	165.28	+0.054%	$4.6M	$18.8M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.18	−0.008%	$1.8M	$8.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.34	+0.091%	$20.7M	$100.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.43	+0.145%	$2.8M	$73K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.07	−0.073%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.05	−0.085%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.512%	$8K	$26K	30x	as long as short
Variational Omni MSTR	+0.0040%	8h	165.25	+0.038%	$1.2M	$2.1M	—	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.37	+0.109%	$27K	$110K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.30	+0.067%	—	$1.7M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	165.10	−0.054%	$54.9M	$36.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.12	−0.042%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	165.19	long leg	$43K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.08	−0.067%	$871K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	165.07	−0.073%	$1.4M	$7.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.17	−0.012%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.21	+0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.21	+0.012%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.23	+0.024%	$3K	$8K	10x	as long as short
Binance MSTRUSDT	+0.0101%	8h	165.21	+0.011%	$88.0M	$616.9M	50x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.21	+0.013%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0124%	8h	165.10	−0.055%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0135%	8h	165.31	+0.074%	$79K	$758K	10x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0200%	1h	164.95	−0.145%	$1.4M	$1.1M	10x
Nado MSTR-PERP	+0.0210%	1h	165.02	−0.105%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0221%	8h	165.23	+0.024%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.20	+0.004%	$270K	$448K	10x	as long as short
Bybit MSTRUSDT	+0.0330%	8h	165.32	+0.079%	$17.2M	$40.6M	50x	as long as short
Phoenix MSTR	+0.0336%	1h	165.29	+0.063%	$56K	$227K	10x	as long as short
edgeX MSTRUSDC	+0.0644%	4h	165.17	−0.011%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0659%	1h	165.23	+0.024%	$281K	$438K	10x	as long as short