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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 16:00 UTC+0.0164%/8h= +18.0% APRnext payment +$1.64 per $10,000 · paid last 24h +0.032%
Price spread now: Binance against Paradex−0.006%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Binance
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: +$5 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MSTR-USD-PERP163.610.0132pay 0.0132% / 8h7h 51m$65—5x
ShortBinance MSTRUSDT163.610.0296get 0.0296% / 8h7h 51m$84.2M$619.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Paradex. 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

Funding earned
$34.47
Price spread: −0.006% → 0.000%
−$0.55
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Binance: 5 bp × 2 orders
−$10
Net
$19.92
Costs to cover
0.140%
Break-even
3.0 days
Slippage unknown: Paradex: no order-book sample; Binance: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Binance live order book, 7 min ago0.31 bp6.3 bp −$611.7 bp −$11741.7 bp −$4,174doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0293%8h163.76+0.089%$30.0M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.63+0.010%$4.7M$18.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.50−0.070%$2.8M$85K10xas long as short
Lighter MSTR+0.0032%1h163.39−0.137%$3.5M$1.7M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.47−0.089%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.499%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.70+0.052%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.59−0.015%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.48−0.082%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.46−0.094%$898K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0053%1h163.43−0.113%$43K$3K10xas long as short
QFEX MSTR-USD+0.0061%1h163.70+0.052%$1.4M$7.1M10xas long as short
Aster MSTRUSDT+0.0097%8h163.59−0.016%$1.8M$8.7M50xas long as short
Nado MSTR-PERP+0.0099%1h163.53−0.054%$125K$165K3xas long as short
Pacifica MSTR+0.0100%1h163.58−0.022%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.48−0.082%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.28−0.204%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.54−0.046%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.46−0.094%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.608%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERPlong+0.0132%8h163.61long leg$65—5x
Bybit MSTRUSDT+0.0174%8h163.62+0.003%$17.2M$41.4M50xas long as short
OKX MSTR-USDT-SWAP+0.0213%8h163.69+0.046%$20.9M$99.6M50xas long as short
Variational Omni MSTR+0.0215%8h163.64+0.014%$1.2M$2.0M—as long as short
Binance MSTRUSDTshort+0.0296%8h163.61−0.006%$84.2M$619.3M50x
tradeXYZ xyz:MSTR+0.0353%1h163.59−0.015%$54.0M$37.4M10xas long as short
RISEx MSTR/USDC+0.0400%1h163.69+0.047%$269K$417K10xas long as short
BloFin MSTR-USDT+0.0411%8h163.76+0.089%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.66+0.030%$56K$223K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0485%1h163.47−0.088%$278K$435K10xas long as short
GRVT MSTR_USDT_Perp+0.0761%8h163.46−0.094%$80K$858K10xas long as short
edgeX MSTRUSDC+0.0997%4h163.38−0.146%$47K$5.3M10xas long as short