MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.020%

Price spread now: QFEX against SoDEX+0.006%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on QFEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	164.82	0.0054	pay 0.0007% / 1h	15m 01s	$43K	$3K	10x
Short	QFEX MSTR-USD	164.83	0.0064	get 0.0008% / 1h	15m 01s	$1.4M	$8.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $2.25
Price spread: +0.006% → 0.000%: $0.61
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.14
Costs to cover: 0.180%
Break-even: 54.1 days

Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 4 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 QFEX live order book, 4 min ago	1.21 bp	6.2 bp −$6	6.8 bp −$68	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 31 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	−0.1079%	8h	164.99	+0.103%	$27.6M	$115.7M	25x	as long as short
Gate MSTR_USDT	−0.0182%	8h	164.83	+0.006%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.90	+0.048%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.83	+0.006%	$20.9M	$100.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.82	+0.003%	$270K	$447K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.89	+0.042%	$2.8M	$68K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	164.84	+0.015%	$1.2M	$2.1M	—	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.71	−0.067%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.86	+0.024%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.83	+0.006%	—	$1.8M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.90	+0.049%	$910K	$4.5M	10x	as long as short
SoDEX MSTR-USDlong	+0.0054%	1h	164.82	long leg	$43K	$3K	10x
Lighter MSTR	+0.0064%	1h	164.77	−0.030%	$3.5M	$1.9M	10x	as long as short
QFEX MSTR-USDshort	+0.0064%	1h	164.83	+0.006%	$1.4M	$8.1M	10x
Binance MSTRUSDT	+0.0071%	8h	164.85	+0.018%	$87.9M	$623.9M	50x	as long as short
Polymarket Perps MSTR-USD	+0.0077%	1h	164.78	−0.024%	$385K	$2.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.77	−0.030%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.72	−0.061%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.53	−0.176%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.84	+0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.82	−0.003%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.68	−0.088%	$79K	$760K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.40	−0.255%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0172%	8h	164.75	−0.044%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0226%	1h	164.75	−0.042%	$55.2M	$36.9M	10x	as long as short
edgeX MSTRUSDC	+0.0315%	4h	164.58	−0.143%	$48K	$5.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.742%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0359%	1h	164.69	−0.079%	$122K	$150K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.92	+0.062%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0382%	8h	164.88	+0.036%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0661%	1h	164.87	+0.030%	$280K	$438K	10x	as long as short