Funding you earn now, next payment 06:00 UTC−0.0249%/8h= −27.3% APRnext payment −$0.31 per $10,000 · paid last 24h −0.019%
Price spread now: Extended against SoDEX+0.052%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
=The price spread pays, funding is against you. Extended is 0.052% dearer against SoDEX than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSTR-USD | 163.77 | 0.0281 | pay 0.0035% / 1h | 10m 39s | $43K | $3K | 10x |
| Short | Extended MSTR_24_5-USD | 163.85 | 0.0032 | get 0.0004% / 1h | 10m 39s | $506K | $2.0M | 10x |
SoDEX MSTR-USD
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$52.38
- Price spread: +0.052% → 0.000%
- $5.19
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$60.19
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Extended: 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 Extended live order book, 3 min ago | 1.23 bp | 8.0 bp −$8 | 39.9 bp −$399 | 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 | −0.1181% | 8h | 164.19 | +0.256% | $28.1M | $118.8M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.10 | +0.202% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.88 | +0.067% | $2.8M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0016% | 8h | 163.95 | +0.110% | $1.8M | $8.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0023% | 1h | 163.64 | −0.079% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 163.85 | +0.052% | $506K | $2.0M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.401% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.57 | −0.122% | $26K | $113K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.79 | +0.012% | $378K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.82 | +0.031% | $874K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Vest MSTR-USD-PERP
Injective MSTR/USDC 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 | 164.00 | +0.140% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 164.06 | +0.174% | $264K | $444K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.95 | +0.107% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.91 | +0.085% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.23 | −0.330% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.00 | +0.140% | $4K | $9K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.03 | +0.157% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0116% | 8h | 164.04 | +0.165% | $20.8M | $101.1M | 50x | as long as short |
| Variational Omni MSTR | +0.0144% | 8h | 163.96 | +0.114% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0144% | 1h | 163.92 | +0.092% | $3.5M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0146% | 8h | 163.98 | +0.130% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −1.374% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0218% | 8h | 164.05 | +0.172% | $84.2M | $628.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0220% | 8h | 163.14 | −0.385% | $79K | $857K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0268% | 1h | 163.88 | +0.067% | $54.4M | $37.4M | 10x | as long as short |
| SoDEX MSTR-USDlong | +0.0281% | 1h | 163.77 | long leg | $43K | $3K | 10x | |
| edgeX MSTRUSDC | +0.0282% | 4h | 163.35 | −0.258% | $45K | $5.4M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0337% | 8h | 164.02 | +0.153% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0340% | 1h | 163.74 | −0.021% | $131K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.21 | −0.342% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0377% | 8h | 164.08 | +0.189% | $16.8M | $41.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0788% | 1h | 163.99 | +0.134% | $279K | $438K | 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
Variational Omni MSTR
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
edgeX MSTRUSDC
BloFin MSTR-USDT
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL