Funding you earn now, next payment 04:00 UTC+0.0289%/8h= +31.6% APRpaid last 24h +0.092%
Price spread now: edgeX against Paradex+0.025%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
=Together, before fees—+ Points / potential airdropParadex: Active · edgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.025% dearer against Paradex 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 | Paradex MSTR-USD-PERP | 164.40 | 0.0154 | pay 0.0154% / 8h | 5h 59m | $66 | — | 5x |
| Short | edgeX MSTRUSDC | 164.44 | 0.0443 | get 0.0221% / 4h | 1h 59m | $50K | $5.5M | 10x |
Paradex MSTR-USD-PERP
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $60.63
- Price spread: +0.025% → 0.000%
- $2.53
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $50.16
- Costs to cover
- 0.130%
- Break-even
- 1.2 days
Slippage unknown: Paradex: no order-book sample; edgeX: 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 edgeX live order book, 5 min ago | 2.43 bp | 7.5 bp −$7 | 13.7 bp −$137 | 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 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 | −0.1177% | 8h | 164.63 | +0.141% | $27.6M | $114.7M | 25x | as long as short |
| Gate MSTR_USDT | −0.0124% | 8h | 164.48 | +0.050% | $4.6M | $18.3M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.36 | −0.025% | $1.2M | $7.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.51 | +0.068% | $20.8M | $99.4M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.51 | +0.068% | $2.8M | $69K | 10x | as long as short |
| Variational Omni MSTR | +0.0016% | 8h | 164.41 | +0.005% | $1.2M | $2.0M | — | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.31 | −0.054% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.006% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.50 | +0.062% | $26K | $112K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.32 | −0.048% | — | $1.8M | 25x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.38 | −0.011% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.41 | +0.007% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.25 | −0.090% | $895K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.45 | +0.032% | $1.4M | $7.9M | 10x | as long as short |
| Lighter MSTR | +0.0072% | 1h | 164.40 | +0.001% | $3.5M | $1.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.0085% | 8h | 164.51 | +0.068% | $87.8M | $618.8M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.45 | +0.032% | $101K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.38 | −0.011% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.36 | −0.023% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.44 | +0.025% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.43 | +0.021% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0154% | 8h | 164.40 | long leg | $66 | — | 5x | |
| tradeXYZ xyz:MSTR | +0.0160% | 1h | 164.42 | +0.013% | $55.1M | $36.6M | 10x | as long as short |
| Nado MSTR-PERP | +0.0171% | 1h | 164.39 | −0.006% | $122K | $149K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.31 | −0.054% | $1.4M | $1.1M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0202% | 8h | 164.53 | +0.081% | $79K | $760K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.49 | +0.058% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0351% | 8h | 164.53 | +0.080% | $17.0M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.45 | +0.030% | $55K | $219K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0443% | 4h | 164.44 | +0.025% | $50K | $5.5M | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0785% | 1h | 164.49 | +0.056% | $280K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Lighter MSTR
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL