Funding you earn now, next payment 03:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h +0.003%
Price spread now: SoDEX against Paradex−0.045%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$3 a day on $10k at the current rate, and SoDEX is 0.045% cheaper against Paradex than usual: you would sell low and buy high (−$4 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 | 164.19 | 0.0147 | pay 0.0147% / 8h | 5h 54m | $66 | — | 5x |
| Short | SoDEX MSTR-USD | 164.12 | 0.0050 | get 0.0006% / 1h | 54m 46s | $43K | $3K | 10x |
Paradex MSTR-USD-PERP
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$20.28
- Price spread: −0.045% → 0.000%
- −$4.49
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$36.77
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; SoDEX: 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 SoDEX no order-book sample | — | — | — | — | — |
Paradex and SoDEX: 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 | −0.1215% | 8h | 164.40 | +0.126% | $27.5M | $114.4M | 25x | as long as short |
| Gate MSTR_USDT | −0.0080% | 8h | 164.26 | +0.040% | $4.6M | $18.3M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.22 | +0.015% | $1.2M | $7.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.23 | +0.022% | $20.8M | $99.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.22 | +0.016% | $2.8M | $70K | 10x | as long as short |
| Variational Omni MSTR | +0.0014% | 8h | 164.41 | +0.130% | $1.2M | $2.0M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.16 | −0.021% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.10 | −0.057% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.134% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.33 | +0.083% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.05 | −0.088% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.04 | −0.094% | $383K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USDshort | +0.0050% | 1h | 164.12 | −0.045% | $43K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.12 | −0.045% | $887K | $4.3M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.16 | −0.021% | $1.4M | $7.8M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0078% | 1h | 164.15 | −0.027% | $55.0M | $36.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0083% | 8h | 164.23 | +0.020% | $87.7M | $618.3M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.20 | +0.006% | $100K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.20 | +0.004% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.14 | −0.033% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.13 | −0.039% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.12 | −0.044% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0147% | 8h | 164.19 | long leg | $66 | — | 5x | |
| GRVT MSTR_USDT_Perp | +0.0178% | 8h | 164.25 | +0.036% | $77K | $772K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.31 | +0.071% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0201% | 4h | 164.18 | −0.010% | $50K | $5.4M | 10x | as long as short |
| Nado MSTR-PERP | +0.0227% | 1h | 164.05 | −0.088% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.18 | −0.006% | $269K | $447K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0338% | 8h | 164.29 | +0.059% | $17.0M | $40.7M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.16 | −0.019% | $55K | $227K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0482% | 1h | 164.10 | −0.057% | $279K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL