Funding you earn now, next payment 12:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.009%
Price spread now: Injective against Paradex−0.382%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.382% cheaper against Paradex than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 165.85 | 0.0086 | pay 0.0086% / 8h | 4h 50m | $66 | — | 5x |
| Short | Injective MSTR/USDC PERP | 165.22 | 0.0033 | get 0.0004% / 1h | 50m 36s | $7K | $28K | 30x |
Paradex MSTR-USD-PERP
Injective MSTR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$11.01
- Price spread: −0.382% → 0.000%
- −$38.23
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$53.26
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
Paradex and Injective: 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 exchanges
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 | 165.99 | +0.082% | $4.9M | $17.0M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.01 | +0.094% | $32.2M | $102.5M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.95 | +0.058% | $2.8M | $85K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 165.79 | −0.039% | $3.5M | $1.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.72 | −0.080% | $1.0M | $2.4M | 10x | as long as short |
| Injective MSTR/USDC PERPshort | +0.0033% | 1h | 165.22 | −0.382% | $7K | $28K | 30x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.99 | +0.082% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 165.90 | +0.028% | $383K | $2.4M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 165.90 | +0.028% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.93 | +0.046% | $852K | $3.3M | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 165.90 | +0.028% | $1.3M | $5.7M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 165.89 | +0.022% | $1.4M | $354K | 10x | as long as short |
| Nado MSTR-PERP | +0.0068% | 1h | 165.85 | −0.005% | $127K | $126K | 3x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0086% | 8h | 165.85 | long leg | $66 | — | 5x | |
| Pacifica MSTR | +0.0100% | 1h | 165.83 | −0.017% | $101K | $64K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 165.85 | −0.002% | $2.3M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.22 | +0.221% | $6K | $151K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.91 | +0.034% | $2K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.96 | +0.065% | $138 | $100 | 10x | as long as short |
| Bybit MSTRUSDT | +0.0156% | 8h | 166.04 | +0.112% | $16.6M | $37.6M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0213% | 1h | 165.85 | −0.002% | $54.8M | $33.4M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0261% | 8h | 166.12 | +0.160% | $21.9M | $79.7M | 50x | as long as short |
| Aster MSTRUSDT | +0.0267% | 8h | 165.99 | +0.081% | $1.8M | $6.3M | 50x | as long as short |
| Phoenix MSTR | +0.0308% | 1h | 166.28 | +0.254% | $56K | $213K | 10x | as long as short |
| Variational Omni MSTR | +0.0352% | 8h | 165.97 | +0.070% | $1.2M | $1.6M | — | as long as short |
| Binance MSTRUSDT | +0.0446% | 8h | 166.03 | +0.106% | $86.7M | $516.1M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0450% | 8h | 166.43 | +0.346% | $87K | $941K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0459% | 1h | 166.01 | +0.096% | $274K | $349K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0579% | 4h | 166.39 | +0.322% | $51K | $4.5M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0582% | 8h | 165.97 | +0.070% | $1.1M | $2.0M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0595% | 1h | 165.88 | +0.016% | $282K | $184K | 10x | as long as short |
| Arcus MSTR-USD | +0.0803% | 1h | 166.03 | +0.106% | $26K | $63K | 10x | as long as short |
QFEX MSTR-USD
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
OKX MSTR-USDT-SWAP
Aster MSTRUSDT
Phoenix MSTR
Variational Omni MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
edgeX MSTRUSDC
BloFin MSTR-USDT
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD