Funding arb · Price arb /

MSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.002%

Price spread now: Paradex against Aevo−0.024%7-day average — · you buy dearer than you sell

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

Long on Aevo Short 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

Funding pays, the price is against you. Paradex is 0.024% cheaper against Aevo than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 31 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	163.31	0.0104	pay 0.0013% / 1h	26m 10s	$136	—	10x
Short	Paradex MSTR-USD-PERP	163.27	0.0167	get 0.0167% / 8h	1h 26m	$65	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.024%Rate

Funding earned: $13.18
Price spread: −0.024% → 0.000%: −$2.43
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.25
Costs to cover: 0.200%
Break-even: 11.9 days

Slippage unknown: Aevo: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aevo and 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	−0.0932%	8h	163.57	+0.162%	$28.9M	$118.8M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.46	+0.095%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.28	−0.015%	$2.7M	$79K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.14	−0.101%	$508K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.696%	$8K	$26K	30x	as long as short
Aster MSTRUSDT	+0.0036%	8h	163.21	−0.058%	$1.8M	$8.7M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.01	−0.181%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.95	−0.217%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.22	−0.052%	$378K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.24	−0.040%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.83	−0.291%	$857K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	163.27	−0.021%	$1.3M	$7.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.22	−0.051%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.18	−0.077%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.70	−0.370%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.30	−0.003%	$2K	$13K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	163.31	long leg	$136	—	10x
Variational Omni MSTR	+0.0151%	8h	162.75	−0.342%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0152%	1h	163.34	+0.021%	$3.5M	$2.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−1.093%	$1.4M	$1.1M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0154%	8h	163.48	+0.107%	$20.8M	$100.5M	50x	as long as short
Paradex MSTR-USD-PERPshort	+0.0167%	8h	163.27	−0.024%	$65	—	5x
Binance MSTRUSDT	+0.0234%	8h	163.46	+0.093%	$84.0M	$627.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0242%	8h	162.87	−0.266%	$77K	$878K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0278%	1h	163.33	+0.015%	$54.2M	$37.4M	10x	as long as short
Phoenix MSTR	+0.0328%	1h	162.77	−0.327%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0352%	8h	163.17	−0.083%	$1.0M	$2.1M	20x	as long as short
Nado MSTR-PERP	+0.0357%	1h	163.04	−0.163%	$130K	$157K	3x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	163.32	+0.009%	$265K	$428K	10x	as long as short
Bybit MSTRUSDT	+0.0388%	8h	163.51	+0.126%	$16.8M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0496%	4h	162.92	−0.238%	$46K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1160%	1h	163.37	+0.040%	$278K	$437K	10x	as long as short