Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +8.9% APRnext payment +$0.82 per $10,000 · paid last 24h +0.047%
Price spread now: Paradex against OKX−0.057%50s7-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
=Funding pays, the price is against you. Paradex is 0.057% cheaper against OKX than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$2 a day). The two prices were read 50 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 | OKX MSTR-USDT-SWAP | 169.25 | 0 | get 0.0000% / 8h | 1h 14m | $22.1M | $106.9M | 50x |
| Short | Paradex MSTR-USD-PERP | 169.15 | 0.0082 | get 0.0082% / 8h | 1h 14m | $68 | — | 5x |
OKX MSTR-USDT-SWAP
Paradex MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against OKX. 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
- $17.13
- Price spread: −0.057% → 0.000%
- −$5.71
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$2.58
- Costs to cover
- 0.140%
- Break-even
- 8.1 days
Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago | 0.29 bp | 6.8 bp −$7 | 11.2 bp −$112 | 56.7 bp −$5,674 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0070% | 1h | 169.05 | −0.115% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0028% | 8h | 169.28 | +0.018% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.12 | −0.077% | $1.2M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.23 | −0.015% | $89.3M | $628.8M | 50x | as long as short |
| OKX MSTR-USDT-SWAPlong | 0.0000% | 8h | 169.25 | long leg | $22.1M | $106.9M | 50x | |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.22 | −0.018% | $276K | $442K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.17 | −0.047% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.28 | +0.020% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.35 | +0.062% | $83K | $889K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.19 | −0.035% | $2.9M | $63K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.15 | −0.059% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.10 | −0.089% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0034% | 8h | 169.23 | −0.012% | $28.8M | $119.5M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.20 | −0.030% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.26 | +0.006% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.11 | −0.083% | $396K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.18 | −0.041% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.25 | 0.000% | $781K | $5.1M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.66 | −0.349% | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0064% | 8h | 169.21 | −0.024% | $15.2M | $40.6M | 50x | as long as short |
| Paradex MSTR-USD-PERPshort | +0.0082% | 8h | 169.15 | −0.057% | $68 | — | 5x | |
| tradeXYZ xyz:MSTR | +0.0094% | 1h | 169.18 | −0.041% | $57.0M | $37.7M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.18 | −0.043% | $104K | $105K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.10 | −0.089% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.10 | −0.089% | $4K | $406K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.19 | −0.035% | $3K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.20 | −0.031% | $140 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.37 | +0.071% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.32 | +0.041% | $13K | $22K | 30x | as long as short |
| edgeX MSTRUSDC | +0.0348% | 4h | 169.33 | +0.048% | $48K | $5.5M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0401% | 1h | 169.14 | −0.065% | $287K | $439K | 10x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.28 | +0.018% | $27K | $129K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD