MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0190%/8h= −20.8% APRnext payment −$1.90 per $10,000 · paid last 24h +0.004%

Price spread now: Gate against Paradex−0.052%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 Gate

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.052% cheaper against Paradex than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	164.44	0.0142	pay 0.0142% / 8h	4h 39m	$66	—	5x
Short	Gate MSTR_USDT	164.35	−0.0048	pay 0.0048% / 8h	4h 39m	$4.6M	$18.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.052%Rate

Funding earned: −$39.96
Price spread: −0.052% → 0.000%: −$5.17
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.13
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	2.43 bp	15.8 bp −$16	34.1 bp −$341	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	−0.0865%	8h	164.54	+0.064%	$27.7M	$115.1M	25x	as long as short
Gate MSTR_USDTshort	−0.0048%	8h	164.35	−0.052%	$4.6M	$18.5M	50x
Aster MSTRUSDT	0.0000%	8h	164.40	−0.020%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.54	+0.064%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0008%	8h	164.42	−0.009%	$20.6M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.29	−0.088%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.26	−0.103%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.983%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.45	+0.009%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.71	+0.167%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.45	+0.009%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.43	−0.003%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.34	−0.058%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.50	+0.040%	$866K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.47	+0.021%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTR	+0.0069%	8h	164.72	+0.176%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.51	+0.046%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.31	−0.076%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.63	+0.119%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.34	−0.058%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.32	−0.067%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0129%	8h	164.36	−0.045%	$87.8M	$617.9M	50x	as long as short
Paradex MSTR-USD-PERPlong	+0.0142%	8h	164.44	long leg	$66	—	5x
GRVT MSTR_USDT_Perp	+0.0165%	8h	164.79	+0.217%	$78K	$770K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.77	+0.204%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.59	+0.091%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0237%	1h	164.31	−0.076%	$54.8M	$36.9M	10x	as long as short
BloFin MSTR-USDT	+0.0249%	8h	164.38	−0.033%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0270%	1h	164.47	+0.022%	$121K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0372%	8h	164.46	+0.015%	$17.1M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0420%	1h	164.38	−0.033%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0951%	4h	164.67	+0.141%	$49K	$5.3M	10x	as long as short