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Funding arb /

MSTR

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Funding spread now, next payment 16:00 UTC+0.0242%/8h
next payment, per $10,000+$2.42paid, last 24h−0.285%paid, last 3 days−0.446%to open and closeno order book
Long on ParadexShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MSTR-USD-PERP166.600.0133pay 0.0133% / 8h39m 37s$67—5x
ShortBitget MSTRUSDT166.330.0375get 0.0375% / 8h39m 37s$29.1M$110.0M25x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$50.8
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
$34.8
Break-even
2.2 days
Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.165%
Avg gap 7d
—
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Bitget live order book, 1 min ago0.60 bp8.7 bp −$915.3 bp −$15329.5 bp −$2,950doesn'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 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.9M$18.6M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$36K10xas long as short
Injective MSTR/USDC PERP+0.0033%1h$12K$97K30xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.6M25xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$913K$4.5M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$9.2M10xas long as short
Polymarket Perps MSTR-USD+0.0071%1h$407K$2.1M10xas long as short
Nado MSTR-PERP+0.0076%1h$128K$260K3xas long as short
Pacifica MSTR+0.0100%1h$102K$164K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSTRUSDT+0.0100%1h$133K$2.1M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$13K10xas long as short
Extended MSTR_24_5-USD+0.0104%1h$508K$2.2M10xas long as short
Aevo MSTR-PERP+0.0104%1h$139—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Paradex MSTR-USD-PERPlong+0.0133%8h$67—5x
KuCoin MSTRUSDTM+0.0175%8h$2.6M$2.6M20xas long as short
Lighter MSTR+0.0176%1h$3.6M$2.9M10xas long as short
Phoenix MSTR+0.0216%1h$54K$364K10xas long as short
Bybit MSTRUSDT+0.0243%8h$15.5M$43.3M50xas long as short
tradeXYZ xyz:MSTR+0.0251%1h$57.0M$31.4M10xas long as short
Variational Omni MSTR+0.0315%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0321%8h$22.2M$100.1M50xas long as short
Bitget MSTRUSDTshort+0.0375%8h$29.1M$110.0M25x
Binance MSTRUSDT+0.0380%8h$89.0M$530.4M50xas long as short
Aster MSTRUSDT+0.0395%8h$1.3M$5.9M50xas long as short
RISEx MSTR/USDC+0.0486%1h$304K$460K10xas long as short
BloFin MSTR-USDT+0.0501%8h$1.1M$1.4M20xas long as short
Arcus MSTR-USD+0.0705%1h$26K$123K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0769%1h$284K$456K10xas long as short
edgeX MSTRUSDC+0.0953%4h$62K$4.6M10xas long as short