Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0269%/8h= +29.4% APRpaid last 24h +0.031%

Price spread now: tradeXYZ against Paradex−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on tradeXYZ

What this pair did over the last

the charts below follow

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.023% cheaper against Paradex than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	163.03	0.0178	pay 0.0178% / 8h	7h 37m	$65	—	5x
Short	tradeXYZ xyz:MSTR	162.99	0.0447	get 0.0056% / 1h	37m 07s	$53.7M	$37.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee tradeXYZbpOrdersPrice spread, now −0.023%Rate

Funding earned: $56.44
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $32.11
Costs to cover: 0.220%
Break-even: 3.0 days

Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago	0.31 bp	9.8 bp −$10	11.7 bp −$117	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	−0.0098%	8h	163.09	+0.038%	$30.4M	$118.4M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.07	+0.026%	$4.7M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.01	−0.011%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.78	−0.155%	$593K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.872%	$8K	$25K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.14	+0.069%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.85	−0.109%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.92	−0.066%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.01	−0.011%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.89	−0.085%	$904K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0061%	1h	163.06	+0.020%	$1.3M	$7.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.00	−0.018%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.99	−0.023%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.88	−0.091%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.06	+0.020%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.02	−0.007%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.62	−0.250%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0129%	8h	163.02	−0.007%	$1.8M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERPlong	+0.0178%	8h	163.03	long leg	$65	—	5x
Lighter MSTR	+0.0192%	1h	162.97	−0.036%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0196%	1h	162.86	−0.105%	$125K	$165K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0236%	8h	163.04	+0.007%	$20.8M	$98.9M	50x	as long as short
Variational Omni MSTR	+0.0241%	8h	163.15	+0.074%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0324%	8h	163.03	+0.001%	$84.4M	$619.6M	50x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	163.08	+0.030%	$268K	$407K	10x	as long as short
BloFin MSTR-USDT	+0.0444%	8h	162.99	−0.023%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTRshort	+0.0447%	1h	162.99	−0.023%	$53.7M	$37.5M	10x
Phoenix MSTR	+0.0460%	1h	163.24	+0.129%	$55K	$223K	10x	as long as short
edgeX MSTRUSDC	+0.0487%	4h	163.17	+0.085%	$47K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0596%	8h	163.13	+0.060%	$84K	$853K	10x	as long as short
Bybit MSTRUSDT	+0.0641%	8h	163.07	+0.026%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0855%	1h	163.03	+0.001%	$277K	$430K	10x	as long as short