Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against Paradex−0.020%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 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 | 163.11 | 0.0145 | pay 0.0145% / 8h | 13m 19s | $65 | — | 5x |
| Short | KuCoin MSTRUSDTM | 163.08 | 0.0100 | get 0.0100% / 8h | 13m 19s | $2.4M | $2.7M | 20x |
Paradex MSTR-USD-PERP
KuCoin MSTRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$9.42
- Price spread: −0.020% → 0.000%
- −$1.95
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$27.37
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 1.53 bp | 20.0 bp −$20 | doesn't fit | 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 | −0.0461% | 8h | 163.27 | +0.097% | $29.5M | $119.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.21 | +0.060% | $4.7M | $19.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.12 | +0.005% | $2.7M | $83K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.02 | −0.056% | $591K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.818% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.05 | −0.038% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.93 | −0.111% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.11 | −0.001% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.09 | −0.013% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.81 | −0.185% | $897K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
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.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0064% | 1h | 163.07 | −0.026% | $3.5M | $2.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.07 | −0.026% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0077% | 8h | 163.17 | +0.034% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.06 | −0.030% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTMshort | +0.0100% | 8h | 163.08 | −0.020% | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.75 | −0.222% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.14 | +0.017% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.16 | +0.029% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.302% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0145% | 8h | 163.11 | long leg | $65 | — | 5x | |
| Nado MSTR-PERP | +0.0183% | 1h | 163.03 | −0.051% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0199% | 8h | 162.87 | −0.148% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0201% | 8h | 163.08 | −0.020% | $20.8M | $99.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0270% | 8h | 162.90 | −0.130% | $79K | $849K | 10x | as long as short |
| Binance MSTRUSDT | +0.0272% | 8h | 163.10 | −0.007% | $83.8M | $620.4M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0324% | 4h | 162.80 | −0.194% | $46K | $5.4M | 10x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.12 | +0.005% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0392% | 8h | 163.11 | −0.001% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0408% | 8h | 163.07 | −0.026% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0452% | 1h | 163.14 | +0.017% | $53.9M | $37.7M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.16 | +0.028% | $268K | $419K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0609% | 1h | 163.17 | +0.036% | $277K | $437K | 10x | as long as short |
Lighter MSTR
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
edgeX MSTRUSDC
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL