Funding you earn now, next payment 16:00 UTC+0.0747%/8h= +81.8% APRnext payment +$7.47 per $10,000 · paid last 24h +0.004%
Price spread now: GRVT against Paradex+0.125%51s7-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 · GRVT: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and GRVT is 0.125% dearer against Paradex than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | 163.52 | 0.0153 | pay 0.0153% / 8h | 7h 48m | $65 | — | 5x |
| Short | GRVT MSTR_USDT_Perp | 163.72 | 0.0900 | get 0.0900% / 8h | 7h 48m | $80K | $838K | 10x |
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $156.97
- Price spread: +0.125% → 0.000%
- $12.46
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $156.43
- Costs to cover
- 0.130%
- Break-even
- 0.0 days
Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 50 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 GRVT live order book, 50 min ago | 0.92 bp | 9.9 bp −$10 | 14.2 bp −$142 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0238% | 8h | 163.66 | +0.087% | $30.1M | $118.5M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.58 | +0.038% | $2.8M | $85K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.31 | −0.126% | $592K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.561% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.64 | +0.075% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.47 | −0.029% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.35 | −0.102% | $378K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.53 | +0.008% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.77 | +0.154% | $892K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0061% | 1h | 163.48 | −0.023% | $1.3M | $7.1M | 10x | as long as short |
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0072% | 1h | 163.47 | −0.029% | $3.5M | $1.7M | 10x | as long as short |
| Gate MSTR_USDT | +0.0084% | 8h | 163.67 | +0.093% | $4.7M | $18.4M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.48 | −0.025% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.52 | +0.001% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.46 | −0.035% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.64 | +0.075% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.57 | +0.031% | $136 | — | 10x | as long as short |
| Aster MSTRUSDT | +0.0117% | 8h | 163.60 | +0.053% | $1.8M | $8.7M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.549% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0151% | 1h | 163.31 | −0.126% | $125K | $165K | 3x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0153% | 8h | 163.52 | long leg | $65 | — | 5x | |
| Variational Omni MSTR | +0.0218% | 8h | 163.95 | +0.263% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0224% | 8h | 163.62 | +0.063% | $20.9M | $99.4M | 50x | as long as short |
| Binance MSTRUSDT | +0.0310% | 8h | 163.61 | +0.054% | $84.3M | $619.0M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.53 | +0.009% | $269K | $417K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0408% | 1h | 163.59 | +0.044% | $53.9M | $37.5M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0426% | 8h | 163.60 | +0.050% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 163.66 | +0.090% | $56K | $223K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0618% | 8h | 163.59 | +0.044% | $17.2M | $41.3M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0834% | 4h | 163.62 | +0.062% | $47K | $5.4M | 10x | as long as short |
| GRVT MSTR_USDT_Perpshort | +0.0900% | 8h | 163.72 | +0.125% | $80K | $838K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.1097% | 1h | 163.50 | −0.011% | $278K | $432K | 10x | as long as short |
Lighter MSTR
Gate MSTR_USDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Aster MSTRUSDT
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
Binance MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL