MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0215%/8h= −23.5% APRnext payment −$2.15 per $10,000 · paid last 24h −0.009%

Price spread now: Paradex against Bybit−0.001%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSTRUSDT	162.76	0.0364	pay 0.0364% / 8h	2h 34m	$16.6M	$41.3M	50x
Short	Paradex MSTR-USD-PERP	162.76	0.0150	get 0.0150% / 8h	2h 34m	$65	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$45.09
Price spread: −0.001% → 0.000%: −$0.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$60.19
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 9 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 Bybit live order book, 9 min ago	0.92 bp	9.2 bp −$9	13.5 bp −$135	139.4 bp −$13.9K	doesn't fit
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
Bitget MSTRUSDT	−0.1060%	8h	162.95	+0.117%	$27.0M	$117.7M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	162.72	−0.026%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.80	+0.025%	$4.6M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.14	+0.233%	$2.7M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.61	−0.092%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.043%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERP	+0.0040%	1h	162.50	−0.160%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.08	+0.197%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.68	−0.049%	$376K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.14	+0.233%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.88	+0.074%	$856K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.84	+0.049%	$1.4M	$7.2M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.84	+0.048%	$264K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0090%	8h	162.67	−0.055%	$20.7M	$99.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	162.83	+0.044%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.70	−0.037%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.88	+0.074%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.65	−0.068%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.67	−0.053%	$135	—	10x	as long as short
Variational Omni MSTR	+0.0124%	8h	163.00	+0.147%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERPshort	+0.0150%	8h	162.76	−0.001%	$65	—	5x
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	162.54	−0.135%	$1.4M	$1.1M	10x	as long as short
Lighter MSTR	+0.0192%	1h	162.77	+0.006%	$3.4M	$1.9M	10x	as long as short
Binance MSTRUSDT	+0.0194%	8h	162.67	−0.055%	$84.4M	$624.7M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0200%	8h	163.11	+0.212%	$79K	$831K	10x	as long as short
edgeX MSTRUSDC	+0.0208%	4h	162.93	+0.106%	$48K	$5.4M	10x	as long as short
BloFin MSTR-USDT	+0.0313%	8h	163.21	+0.276%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0362%	1h	163.10	+0.209%	$55K	$226K	10x	as long as short
Bybit MSTRUSDTlong	+0.0364%	8h	162.76	long leg	$16.6M	$41.3M	50x
tradeXYZ xyz:MSTR	+0.0370%	1h	162.72	−0.025%	$54.2M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0379%	1h	162.64	−0.072%	$130K	$156K	3x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0858%	1h	162.66	−0.061%	$277K	$438K	10x	as long as short