Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.004%

Price spread now: Coinbase International against Paradex+0.004%7-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 Coinbase International

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: −$2 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	166.71	0.0191	pay 0.0191% / 8h	7h 02m	$67	—	5x
Short	Coinbase International MSTR-PERP-INTX	166.72	0.0120	get 0.0015% / 1h	2m 24s	$1.4M	$644K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$15.01
Price spread: +0.004% → 0.000%: $0.36
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.65
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	4.49 bp	9.8 bp −$10	14.0 bp −$140	doesn't fit	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	166.86	+0.088%	$4.9M	$19.3M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.86	+0.088%	$31.4M	$113.6M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.91	+0.118%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.62	−0.056%	$544K	$1.8M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−2.462%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	166.83	+0.070%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.95	+0.142%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.62	−0.056%	$385K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.92	+0.124%	$927K	$3.5M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	166.76	+0.028%	$1.3M	$6.8M	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	166.67	−0.025%	$102K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.71	−0.002%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.85	+0.082%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.82	+0.064%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.98	+0.158%	$139	—	10x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0120%	1h	166.72	+0.004%	$1.4M	$644K	10x
Lighter MSTR	+0.0176%	1h	166.75	+0.022%	$3.5M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0179%	1h	166.70	−0.006%	$128K	$143K	3x	as long as short
Paradex MSTR-USD-PERPlong	+0.0191%	8h	166.71	long leg	$67	—	5x
Aster MSTRUSDT	+0.0194%	8h	166.87	+0.096%	$1.8M	$8.6M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0279%	8h	166.81	+0.058%	$21.6M	$92.8M	50x	as long as short
Variational Omni MSTR	+0.0305%	8h	167.24	+0.314%	$1.2M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0366%	1h	166.71	−0.002%	$55.1M	$36.2M	10x	as long as short
Binance MSTRUSDT	+0.0387%	8h	166.79	+0.044%	$87.2M	$590.4M	50x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	166.91	+0.118%	$272K	$387K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	167.10	+0.230%	$57K	$223K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0469%	1h	166.92	+0.124%	$284K	$289K	10x	as long as short
BloFin MSTR-USDT	+0.0507%	8h	166.93	+0.130%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0559%	8h	166.83	+0.070%	$17.2M	$40.2M	50x	as long as short
edgeX MSTRUSDC	+0.0670%	4h	167.12	+0.245%	$49K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0727%	8h	167.11	+0.237%	$82K	$844K	10x	as long as short
SoDEX MSTR-USD	+0.1296%	1h	166.88	+0.100%	$44K	$3K	10x	as long as short