Funding you earn now, next payment 09:00 UTC−0.0679%/8h= −74.4% APRnext payment −$0.85 per $10,000 · paid last 24h +0.005%
Price spread now: Injective against SoDEX−1.496%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$20 a day on $10k at the current rate, and Injective is 1.496% cheaper against SoDEX than usual: you would sell low and buy high (−$150 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 | SoDEX MSTR-USD | 165.08 | 0.0713 | pay 0.0089% / 1h | 17m 00s | $43K | $3K | 10x |
| Short | Injective MSTR/USDC PERP | 162.61 | 0.0033 | get 0.0004% / 1h | 17m 00s | $7K | $26K | 30x |
SoDEX MSTR-USD
Injective MSTR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$142.64
- Price spread: −1.496% → 0.000%
- −$149.62
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$300.28
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Injective: 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
SoDEX and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 165.22 | +0.085% | $4.9M | $19.0M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 165.06 | −0.012% | $31.0M | $114.6M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.03 | −0.030% | $2.8M | $83K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.95 | −0.081% | $535K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERPshort | +0.0033% | 1h | 162.61 | −1.496% | $7K | $26K | 30x | |
| Arcus MSTR-USD | +0.0040% | 1h | 165.23 | +0.091% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.30 | +0.133% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.97 | −0.067% | $381K | $2.6M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.32 | −0.460% | $912K | $3.6M | 10x | as long as short |
| QFEX MSTR-USD | +0.0061% | 1h | 165.18 | +0.061% | $1.4M | $6.9M | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MSTR | +0.0100% | 1h | 165.07 | −0.006% | $101K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.95 | −0.079% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.30 | −0.472% | $6K | $180K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.16 | +0.048% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.15 | +0.040% | $137 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.26 | −1.708% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0160% | 8h | 164.95 | −0.079% | $1.8M | $8.6M | 50x | as long as short |
| Lighter MSTR | +0.0176% | 1h | 165.10 | +0.012% | $3.5M | $1.8M | 10x | as long as short |
| Nado MSTR-PERP | +0.0179% | 1h | 164.96 | −0.072% | $126K | $143K | 3x | as long as short |
| Paradex MSTR-USD-PERP | +0.0188% | 8h | 165.14 | +0.039% | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0258% | 8h | 165.07 | −0.006% | $21.1M | $93.4M | 50x | as long as short |
| Variational Omni MSTR | +0.0264% | 8h | 164.61 | −0.284% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0352% | 8h | 165.07 | −0.006% | $85.7M | $598.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0393% | 1h | 165.06 | −0.012% | $54.5M | $36.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 165.14 | +0.037% | $269K | $390K | 10x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 164.61 | −0.287% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0472% | 8h | 165.17 | +0.055% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0606% | 8h | 165.09 | +0.006% | $17.5M | $39.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0651% | 8h | 164.64 | −0.264% | $81K | $859K | 10x | as long as short |
| SoDEX MSTR-USDlong | +0.0713% | 1h | 165.08 | long leg | $43K | $3K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0841% | 1h | 165.10 | +0.012% | $281K | $334K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0901% | 4h | 164.72 | −0.220% | $47K | $5.4M | 10x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Lighter MSTR
Nado MSTR-PERP
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
tradeXYZ xyz:MSTR
RISEx MSTR/USDC
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC