Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h +0.018%
Price spread now: Paradex against Polymarket Perps−0.015%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Polymarket PerpsShort on Paradex
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 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MSTR-USD163.760.0050pay 0.0006% / 1h51m 45s$379K$2.7M10x
ShortParadex MSTR-USD-PERP163.740.0105get 0.0105% / 8h2h 51m$65—5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Polymarket Perps. 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

Funding earned
$11.65
Price spread: −0.015% → 0.000%
−$1.46
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$1.81
Costs to cover
0.120%
Break-even
8.1 days
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago1.83 bp8.0 bp −$88.8 bp −$8812.1 bp −$1,212doesn't fit
Sell Paradex no order-book sample—————
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0980%8h163.96+0.122%$27.1M$116.9M25xas long as short
Aster MSTRUSDT0.0000%8h163.77+0.008%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.86+0.061%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.00+0.147%$2.8M$77K10xas long as short
edgeX MSTRUSDC+0.0003%4h163.64−0.074%$48K$5.4M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.60−0.095%$596K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.407%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.81+0.031%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.50−0.159%—$1.7M25xas long as short
Polymarket Perps MSTR-USDlong+0.0050%1h163.76long leg$379K$2.7M10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.71−0.031%$830K$4.0M10xas long as short
QFEX MSTR-USD+0.0054%1h163.80+0.024%$1.4M$7.2M10xas long as short
SoDEX MSTR-USD+0.0058%1h163.80+0.024%$43K$3K10xas long as short
OKX MSTR-USDT-SWAP+0.0058%8h163.80+0.024%$20.6M$99.4M50xas long as short
RISEx MSTR/USDC+0.0088%1h163.83+0.043%$266K$446K10xas long as short
Variational Omni MSTR+0.0094%8h163.78+0.013%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.71−0.033%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.69−0.043%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.61−0.092%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.77+0.006%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.81+0.030%$136—10xas long as short
Paradex MSTR-USD-PERPshort+0.0105%8h163.74−0.015%$65—5x
GRVT MSTR_USDT_Perp+0.0153%8h163.82+0.037%$83K$824K10xas long as short
Binance MSTRUSDT+0.0167%8h163.73−0.018%$85.7M$619.6M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.116%$1.4M$1.1M10xas long as short
Lighter MSTR+0.0192%1h163.71−0.031%$3.5M$1.9M10xas long as short
BloFin MSTR-USDT+0.0282%8h163.70−0.037%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0324%1h163.64−0.071%$121K$148K3xas long as short
Bybit MSTRUSDT+0.0329%8h163.82+0.037%$16.7M$41.2M50xas long as short
tradeXYZ xyz:MSTR+0.0349%1h163.77+0.006%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.69−0.042%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1278%1h163.88+0.073%$279K$438K10xas long as short