Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.32 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against Paradex−0.006%47s7-day average — · you buy dearer than you sell
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 164.44 | 0.0132 | pay 0.0132% / 8h | 4h 11m | $66 | — | 5x |
| Short | KuCoin MSTRUSDTM | 164.43 | 0.0100 | get 0.0100% / 8h | 4h 11m | $2.4M | $2.7M | 20x |
Paradex MSTR-USD-PERP
KuCoin MSTRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$6.62
- Price spread: −0.006% → 0.000%
- −$0.58
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$23.2
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; KuCoin: 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 KuCoin live order book, 5 min ago | 2.43 bp | 18.5 bp −$18 | doesn't fit | 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 | −0.0943% | 8h | 164.67 | +0.140% | $27.9M | $115.1M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.51 | +0.044% | $1.8M | $8.5M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.73 | +0.177% | $4.6M | $18.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.57 | +0.079% | $2.8M | $74K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0011% | 8h | 164.59 | +0.091% | $20.6M | $99.5M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.46 | +0.012% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.33 | −0.064% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.980% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.51 | +0.042% | $267K | $448K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.53 | +0.055% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.38 | −0.036% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.40 | −0.024% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.53 | +0.055% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.35 | −0.054% | $856K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.50 | +0.037% | $1.4M | $7.4M | 10x | as long as short |
| Variational Omni MSTR | +0.0077% | 8h | 164.39 | −0.032% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.44 | +0.003% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTMshort | +0.0100% | 8h | 164.43 | −0.006% | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.36 | −0.048% | $6K | $186K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.52 | +0.049% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.51 | +0.042% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0132% | 8h | 164.44 | long leg | $66 | — | 5x | |
| Binance MSTRUSDT | +0.0141% | 8h | 164.55 | +0.067% | $87.3M | $615.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0160% | 8h | 164.53 | +0.055% | $76K | $780K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | −0.194% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.54 | +0.060% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0227% | 1h | 164.49 | +0.031% | $54.8M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0239% | 1h | 164.37 | −0.045% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0261% | 8h | 164.56 | +0.073% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0347% | 8h | 164.58 | +0.085% | $16.9M | $40.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0770% | 4h | 164.42 | −0.014% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0784% | 1h | 164.55 | +0.067% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL