Funding you earn now, next payment 07:00 UTC−0.0109%/8h= −11.9% APRpaid last 24h +0.078%
Price spread now: Arcus against Paradex+0.142%7-day average — · you sell dearer than you buy
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 pays, funding is against you. Arcus is 0.142% dearer against Paradex than usual: you sell high and buy low (spread +0.142% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 162.84 | 0.0149 | pay 0.0149% / 8h | 1h 43m | $65 | — | 5x |
| Short | Arcus MSTR-USD | 163.07 | 0.0040 | get 0.0005% / 1h | 43m 29s | $26K | $113K | 10x |
Paradex MSTR-USD-PERP
Arcus MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$22.82
- Price spread: +0.142% → 0.000%
- $14.17
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$17.15
- Costs to cover
- 0.085%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 64 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 Arcus live order book, 64 min ago | 7.32 bp | 11.1 bp −$11 | 33.0 bp −$330 | 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 | −0.0895% | 8h | 163.20 | +0.222% | $28.7M | $119.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.06 | +0.136% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.30 | +0.283% | $2.7M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0024% | 8h | 162.95 | +0.067% | $1.8M | $8.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.83 | −0.006% | $501K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.992% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USDshort | +0.0040% | 1h | 163.07 | +0.142% | $26K | $113K | 10x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.63 | −0.129% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.91 | +0.043% | $376K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.87 | +0.019% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow 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 | 162.77 | −0.043% | $841K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0057% | 1h | 162.88 | +0.025% | $1.3M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.91 | +0.042% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.91 | +0.043% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.84 | 0.000% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.91 | +0.043% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.89 | +0.030% | $135 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0133% | 8h | 163.04 | +0.123% | $20.7M | $100.4M | 50x | as long as short |
| Lighter MSTR | +0.0136% | 1h | 162.83 | −0.006% | $3.5M | $2.0M | 10x | as long as short |
| Variational Omni MSTR | +0.0147% | 8h | 162.88 | +0.023% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0149% | 8h | 162.84 | long leg | $65 | — | 5x | |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −0.810% | $1.4M | $1.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0172% | 4h | 162.89 | +0.033% | $46K | $5.4M | 10x | as long as short |
| Binance MSTRUSDT | +0.0224% | 8h | 162.94 | +0.064% | $83.7M | $628.5M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0232% | 8h | 163.04 | +0.123% | $79K | $876K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0233% | 1h | 162.86 | +0.013% | $54.0M | $37.3M | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 162.99 | +0.090% | $55K | $223K | 10x | as long as short |
| Nado MSTR-PERP | +0.0329% | 1h | 162.89 | +0.029% | $130K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0342% | 8h | 163.17 | +0.203% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0379% | 8h | 163.03 | +0.117% | $16.8M | $41.8M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 162.98 | +0.084% | $262K | $437K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0856% | 1h | 162.92 | +0.050% | $277K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Lighter MSTR
Variational Omni MSTR
Coinbase International MSTR-PERP-INTX
edgeX MSTRUSDC
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
Phoenix MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL