Funding you earn now, next payment 04:00 UTC+0.0186%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h +0.029%
Price spread now: tradeXYZ against SoDEX+0.091%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
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.091% dearer against SoDEX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSTR-USD | 164.29 | 0.0050 | pay 0.0006% / 1h | 33m 01s | $43K | $3K | 10x |
| Short | tradeXYZ xyz:MSTR | 164.44 | 0.0236 | get 0.0030% / 1h | 33m 01s | $54.8M | $36.9M | 10x |
SoDEX MSTR-USD
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $39.1
- Price spread: +0.091% → 0.000%
- $9.13
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $22.23
- Costs to cover
- 0.260%
- Break-even
- 3.0 days
Slippage unknown: SoDEX: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago | 0.61 bp | 11.2 bp −$11 | 13.9 bp −$139 | 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 | −0.0926% | 8h | 164.62 | +0.201% | $27.8M | $115.1M | 25x | as long as short |
| Gate MSTR_USDT | −0.0014% | 8h | 164.50 | +0.128% | $4.6M | $18.5M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.37 | +0.047% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.46 | +0.103% | $2.8M | $72K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0001% | 8h | 164.54 | +0.152% | $20.6M | $99.8M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.42 | +0.079% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.28 | −0.003% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.074% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.32 | +0.017% | $266K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.37 | +0.049% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.20 | −0.055% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.32 | +0.018% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USDlong | +0.0050% | 1h | 164.29 | long leg | $43K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.13 | −0.097% | $865K | $4.1M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.26 | −0.018% | $1.4M | $7.5M | 10x | as long as short |
| Variational Omni MSTR | +0.0067% | 8h | 164.09 | −0.124% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.27 | −0.014% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.32 | +0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.24 | −0.030% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.35 | +0.037% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.35 | +0.039% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0127% | 8h | 164.47 | +0.110% | $87.9M | $618.3M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 164.21 | −0.046% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0154% | 8h | 164.35 | +0.036% | $78K | $771K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | −0.103% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.20 | −0.056% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0236% | 1h | 164.44 | +0.091% | $54.8M | $36.9M | 10x | |
| BloFin MSTR-USDT | +0.0247% | 8h | 164.52 | +0.140% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0252% | 1h | 164.15 | −0.085% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0361% | 8h | 164.51 | +0.134% | $17.0M | $40.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0845% | 1h | 164.52 | +0.140% | $280K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0934% | 4h | 164.29 | −0.003% | $49K | $5.4M | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC