Funding you earn now, next payment 08:00 UTC+0.0223%/8h= +24.4% APRnext payment +$2.23 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against Paradex+0.015%7-day average — · you sell dearer than you buy
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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 164.95 | 0.0174 | pay 0.0174% / 8h | 6h 23m | $66 | — | 5x |
| Short | Bybit MSTRUSDT | 164.97 | 0.0397 | get 0.0397% / 8h | 6h 23m | $17.2M | $41.2M | 50x |
Paradex MSTR-USD-PERP
Bybit MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Paradex. 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
- $46.74
- Price spread: +0.015% → 0.000%
- $1.46
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $33.2
- Costs to cover
- 0.150%
- Break-even
- 2.0 days
Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 0.30 bp | 9.6 bp −$10 | 15.3 bp −$153 | 124.0 bp −$12.4K | 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 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 | −0.1030% | 8h | 165.15 | +0.124% | $27.6M | $115.5M | 25x | as long as short |
| Gate MSTR_USDT | −0.0149% | 8h | 165.00 | +0.033% | $4.6M | $19.0M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.97 | +0.015% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.97 | +0.015% | $20.9M | $100.9M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 165.01 | +0.039% | $270K | $447K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 165.11 | +0.098% | $1.2M | $2.1M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.97 | +0.015% | $2.8M | $68K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.78 | −0.101% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.95 | +0.003% | $27K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.97 | +0.015% | — | $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 | 164.73 | −0.131% | $918K | $4.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0056% | 8h | 164.95 | +0.001% | $87.9M | $624.4M | 50x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.92 | −0.016% | $1.4M | $8.3M | 10x | as long as short |
| Lighter MSTR | +0.0096% | 1h | 164.91 | −0.022% | $3.5M | $1.9M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0097% | 1h | 164.83 | −0.070% | $384K | $2.7M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.96 | +0.007% | $101K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.82 | −0.076% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.62 | −0.198% | $4K | $188K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.89 | −0.034% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.87 | −0.046% | $137 | — | 10x | as long as short |
| SoDEX MSTR-USD | +0.0107% | 1h | 164.86 | −0.052% | $43K | $3K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0120% | 8h | 165.00 | +0.034% | $79K | $810K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.89 | −0.034% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0174% | 8h | 164.95 | long leg | $66 | — | 5x | |
| tradeXYZ xyz:MSTR | +0.0251% | 1h | 164.82 | −0.076% | $55.2M | $36.3M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.664% | $8K | $26K | 30x | as long as short |
| Nado MSTR-PERP | +0.0374% | 1h | 164.76 | −0.116% | $111K | $143K | 3x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.86 | −0.053% | $55K | $219K | 10x | as long as short |
| Bybit MSTRUSDTshort | +0.0397% | 8h | 164.97 | +0.015% | $17.2M | $41.2M | 50x | |
| edgeX MSTRUSDC | +0.0686% | 4h | 165.05 | +0.065% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0903% | 1h | 164.91 | −0.022% | $280K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
Binance MSTRUSDT
QFEX MSTR-USD
Lighter MSTR
Polymarket Perps MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
SoDEX MSTR-USD
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Injective MSTR/USDC PERP
Nado MSTR-PERP
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL