MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0190%/8h= −20.8% APRnext payment −$1.90 per $10,000 · paid last 24h −0.036%

Price spread now: Bitget against Paradex+0.275%52s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bitget

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 pays, funding is against you. Bitget is 0.275% dearer against Paradex than usual: you sell high and buy low (spread +0.275% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.8 days. The two prices were read 52 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	Paradex MSTR-USD-PERP	165.06	0.0190	pay 0.0190% / 8h	7h 15m	$66	—	5x
Short	Bitget MSTRUSDT	165.51	0	get 0.0000% / 8h	7h 15m	$31.1M	$114.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee ParadexbpFee BitgetbpOrdersPrice spread, now +0.275%Rate

Funding earned: −$39.86
Price spread: +0.275% → 0.000%: $27.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.34
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	0.30 bp	8.6 bp −$9	13.0 bp −$130	36.1 bp −$3,611	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSTR_USDT	0.0000%	8h	165.62	+0.342%	$4.9M	$19.0M	50x	as long as short
Bitget MSTRUSDTshort	0.0000%	8h	165.51	+0.275%	$31.1M	$114.6M	25x
Phemex MSTRUSDT	0.0000%	4h	165.37	+0.190%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.30	+0.148%	$537K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−1.482%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.22	+0.100%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.54	+0.293%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.15	+0.057%	$382K	$2.6M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.32	−0.446%	$917K	$3.6M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	165.17	+0.069%	$1.4M	$6.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.05	−0.003%	$101K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.41	+0.215%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.30	−0.458%	$6K	$180K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.50	+0.269%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.50	+0.268%	$137	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.26	−1.694%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0165%	8h	165.33	+0.164%	$1.8M	$8.6M	50x	as long as short
Lighter MSTR	+0.0176%	1h	165.48	+0.257%	$3.5M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0181%	1h	165.13	+0.042%	$126K	$143K	3x	as long as short
Paradex MSTR-USD-PERPlong	+0.0190%	8h	165.06	long leg	$66	—	5x
OKX MSTR-USDT-SWAP	+0.0260%	8h	165.50	+0.269%	$21.2M	$93.0M	50x	as long as short
Variational Omni MSTR	+0.0279%	8h	165.48	+0.258%	$1.2M	$1.8M	—	as long as short
Binance MSTRUSDT	+0.0359%	8h	165.51	+0.275%	$86.4M	$597.4M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0388%	1h	165.49	+0.263%	$54.6M	$36.3M	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	165.14	+0.052%	$269K	$390K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	164.61	−0.272%	$56K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0472%	8h	165.17	+0.069%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0593%	8h	165.51	+0.275%	$17.5M	$39.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0651%	8h	164.64	−0.249%	$81K	$859K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0778%	1h	165.56	+0.306%	$282K	$334K	10x	as long as short
SoDEX MSTR-USD	+0.0790%	1h	165.34	+0.172%	$43K	$3K	10x	as long as short
edgeX MSTRUSDC	+0.0901%	4h	164.72	−0.206%	$47K	$5.4M	10x	as long as short