MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0196%/8h= −21.4% APRnext payment −$1.96 per $10,000 · paid last 24h −0.032%

Price spread now: Paradex against Binance−0.051%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Paradex

What this pair did over the last

the charts below follow

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.051% cheaper against Binance than usual: you would sell low and buy high (−$5 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	Binance MSTRUSDT	166.80	0.0387	pay 0.0387% / 8h	7h 02m	$87.2M	$590.4M	50x
Short	Paradex MSTR-USD-PERP	166.71	0.0191	get 0.0191% / 8h	7h 02m	$67	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$41.12
Price spread: −0.051% → 0.000%: −$5.06
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$60.19
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; Paradex: 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 Binance live order book, 11 min ago	0.30 bp	6.8 bp −$7	10.8 bp −$108	26.5 bp −$2,654	114.9 bp −$57.5K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	166.86	+0.037%	$4.9M	$19.3M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.79	−0.005%	$31.3M	$113.6M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.91	+0.067%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.62	−0.106%	$544K	$1.8M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−2.511%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	166.83	+0.019%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.14	+0.205%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.78	−0.011%	$386K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.92	+0.073%	$927K	$3.5M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	166.76	−0.023%	$1.3M	$6.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	166.67	−0.076%	$102K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.70	−0.059%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.85	+0.031%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.97	+0.103%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.98	+0.108%	$139	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	166.72	−0.047%	$1.4M	$644K	10x	as long as short
Lighter MSTR	+0.0176%	1h	166.75	−0.029%	$3.5M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0182%	1h	166.79	−0.003%	$128K	$143K	3x	as long as short
Paradex MSTR-USD-PERPshort	+0.0191%	8h	166.71	−0.051%	$67	—	5x
Aster MSTRUSDT	+0.0194%	8h	166.88	+0.049%	$1.8M	$8.6M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0279%	8h	166.85	+0.031%	$21.6M	$92.8M	50x	as long as short
Variational Omni MSTR	+0.0305%	8h	167.24	+0.263%	$1.2M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0367%	1h	166.70	−0.059%	$55.1M	$36.2M	10x	as long as short
Binance MSTRUSDTlong	+0.0387%	8h	166.80	long leg	$87.2M	$590.4M	50x
RISEx MSTR/USDC	+0.0400%	1h	166.91	+0.067%	$272K	$387K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	167.10	+0.179%	$57K	$223K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0469%	1h	166.92	+0.073%	$284K	$289K	10x	as long as short
BloFin MSTR-USDT	+0.0507%	8h	166.93	+0.079%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0559%	8h	166.84	+0.025%	$17.2M	$40.2M	50x	as long as short
edgeX MSTRUSDC	+0.0670%	4h	167.12	+0.194%	$49K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0727%	8h	167.11	+0.187%	$82K	$844K	10x	as long as short
SoDEX MSTR-USD	+0.1296%	1h	166.88	+0.049%	$44K	$3K	10x	as long as short