MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.003%

Price spread now: Paradex against Orderly+0.032%7-day average — · you sell dearer than you buy

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

Long on Orderly 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.032% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSTR_USDC_mythos	165.52	0.0100	pay 0.0100% / 8h	5h 12m	$3K	$8K	10x
Short	Paradex MSTR-USD-PERP	165.57	0.0134	get 0.0134% / 8h	5h 12m	$66	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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 OrderlybpFee ParadexbpOrdersPrice spread, now +0.032%Rate

Funding earned: $7.06
Price spread: +0.032% → 0.000%: $3.16
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.21
Costs to cover: 0.100%
Break-even: 6.8 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and 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	−0.0932%	8h	165.59	+0.042%	$27.8M	$114.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.52	0.000%	$1.9M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.55	+0.018%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.50	−0.012%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0001%	8h	165.50	−0.012%	$20.8M	$100.1M	50x	as long as short
Lighter MSTR	+0.0032%	1h	165.41	−0.066%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.39	−0.079%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.308%	$8K	$26K	30x	as long as short
Variational Omni MSTR	+0.0040%	8h	165.67	+0.092%	$1.2M	$2.1M	—	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.57	+0.030%	$27K	$110K	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	165.68	+0.097%	—	$1.7M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	165.42	−0.060%	$55.1M	$36.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.50	−0.012%	$383K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.39	−0.079%	$882K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	165.53	+0.006%	$1.4M	$7.5M	10x	as long as short
SoDEX MSTR-USD	+0.0080%	1h	165.52	0.000%	$44K	$3K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.46	−0.037%	$101K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.42	−0.060%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.40	−0.072%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	165.52	long leg	$3K	$8K	10x
Aevo MSTR-PERP	+0.0104%	1h	165.54	+0.013%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0109%	8h	165.53	+0.005%	$88.2M	$616.5M	50x	as long as short
Paradex MSTR-USD-PERPshort	+0.0134%	8h	165.57	+0.032%	$66	—	5x
GRVT MSTR_USDT_Perp	+0.0161%	8h	165.55	+0.016%	$75K	$749K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	165.51	−0.006%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0216%	1h	165.51	−0.004%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0228%	8h	165.53	+0.006%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.58	+0.036%	$271K	$447K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.57	+0.028%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0343%	8h	165.59	+0.042%	$17.2M	$40.6M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0536%	1h	165.49	−0.018%	$281K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0965%	4h	165.49	−0.019%	$51K	$5.4M	10x	as long as short