Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.030%
Price spread now: Paradex against GRVT−0.216%111s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropGRVT: Active · Paradex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.216% cheaper against GRVT than usual: you would sell low and buy high (spread −0.216% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 21 days of funding at the current rate (+$1 a day). The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MSTR_USDT_Perp | 165.05 | 0.0139 | pay 0.0139% / 8h | 6h 21m | $79K | $810K | 10x |
| Short | Paradex MSTR-USD-PERP | 164.69 | 0.0174 | get 0.0174% / 8h | 6h 21m | $66 | — | 5x |
GRVT MSTR_USDT_Perp
Paradex MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against GRVT. 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
- $7.33
- Price spread: −0.216% → 0.000%
- −$21.62
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$27.29
- Costs to cover
- 0.130%
- Break-even
- 33.1 days
Slippage unknown: GRVT: live order book, 46 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 GRVT live order book, 46 min ago | 3.60 bp | 12.6 bp −$13 | 16.8 bp −$168 | doesn't fit | 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 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 | −0.1033% | 8h | 164.96 | −0.055% | $27.5M | $115.6M | 25x | as long as short |
| Gate MSTR_USDT | −0.0157% | 8h | 164.84 | −0.127% | $4.6M | $19.0M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.91 | −0.082% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.75 | −0.182% | $20.9M | $100.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 165.13 | +0.048% | $270K | $447K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 165.11 | +0.035% | $1.2M | $2.1M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.03 | −0.012% | $2.8M | $68K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.68 | −0.224% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.99 | −0.036% | $27K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.05 | 0.000% | — | $1.8M | 25x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERPShow 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 | 164.83 | −0.133% | $918K | $4.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0060% | 8h | 164.74 | −0.186% | $87.8M | $624.4M | 50x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 165.13 | +0.048% | $1.4M | $8.3M | 10x | as long as short |
| Lighter MSTR | +0.0080% | 1h | 164.67 | −0.230% | $3.5M | $1.9M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0098% | 1h | 164.96 | −0.055% | $384K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0099% | 1h | 164.89 | −0.097% | $43K | $3K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.72 | −0.198% | $101K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.74 | −0.188% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.92 | −0.079% | $4K | $188K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.98 | −0.042% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.96 | −0.054% | $137 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perplong | +0.0139% | 8h | 165.05 | long leg | $79K | $810K | 10x | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.89 | −0.097% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERPshort | +0.0174% | 8h | 164.69 | −0.216% | $66 | — | 5x | |
| tradeXYZ xyz:MSTR | +0.0240% | 1h | 164.66 | −0.236% | $55.4M | $36.6M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.599% | $8K | $26K | 30x | as long as short |
| Nado MSTR-PERP | +0.0372% | 1h | 165.02 | −0.015% | $111K | $143K | 3x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.99 | −0.035% | $55K | $219K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0382% | 8h | 164.82 | −0.139% | $17.1M | $41.2M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0686% | 4h | 165.05 | +0.002% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0781% | 1h | 165.03 | −0.012% | $281K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
Binance MSTRUSDT
QFEX MSTR-USD
Lighter MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Injective MSTR/USDC PERP
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL