MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0187%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.029%

Price spread now: SoDEX against tradeXYZ−0.085%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on SoDEX

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.085% cheaper against tradeXYZ than usual: you would sell low and buy high (−$9 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	tradeXYZ xyz:MSTR	164.43	0.0237	pay 0.0030% / 1h	32m 43s	$54.7M	$36.9M	10x
Short	SoDEX MSTR-USD	164.29	0.0050	get 0.0006% / 1h	32m 43s	$43K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against tradeXYZ. 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 tradeXYZbpFee SoDEXbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$39.22
Price spread: −0.085% → 0.000%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$73.73
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; SoDEX: 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 tradeXYZ live order book, 7 min ago	0.61 bp	10.6 bp −$11	12.3 bp −$123	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	−0.0931%	8h	164.65	+0.134%	$27.8M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0008%	8h	164.54	+0.067%	$4.6M	$18.6M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.39	−0.022%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.46	+0.018%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0001%	8h	164.54	+0.067%	$20.6M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.42	−0.006%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.33	−0.061%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.986%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.50	+0.046%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.42	−0.006%	$26K	$109K	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	164.20	−0.140%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.32	−0.067%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	164.29	−0.085%	$43K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.13	−0.182%	$865K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.26	−0.103%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTR	+0.0067%	8h	164.09	−0.209%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.46	+0.016%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.35	−0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−0.116%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.35	−0.049%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.35	−0.047%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0127%	8h	164.50	+0.045%	$87.9M	$618.1M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	164.43	0.000%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.35	−0.049%	$78K	$771K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.189%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.20	−0.141%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0237%	1h	164.43	long leg	$54.7M	$36.9M	10x
BloFin MSTR-USDT	+0.0247%	8h	164.52	+0.055%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0252%	1h	164.15	−0.170%	$121K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0361%	8h	164.53	+0.061%	$17.0M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0845%	1h	164.52	+0.055%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0934%	4h	164.29	−0.088%	$49K	$5.4M	10x	as long as short