Funding you earn now, next payment 03:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.018%
Price spread now: Polymarket Perps against Paradex−0.033%48s7-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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.033% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | 165.39 | 0.0128 | pay 0.0128% / 8h | 5h 00m | $66 | — | 5x |
| Short | Polymarket Perps MSTR-USD | 165.33 | 0.0050 | get 0.0006% / 1h | 0m 32s | $383K | $2.7M | 10x |
Paradex MSTR-USD-PERP
Polymarket Perps MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$16.29
- Price spread: −0.033% → 0.000%
- −$3.34
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$31.63
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago | 1.51 bp | 6.4 bp −$6 | 7.2 bp −$72 | 10.2 bp −$1,018 | 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 | −0.0820% | 8h | 165.57 | +0.112% | $27.7M | $114.6M | 25x | as long as short |
| Gate MSTR_USDT | −0.0029% | 8h | 165.48 | +0.057% | $4.6M | $18.8M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 165.27 | −0.071% | $1.8M | $8.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 165.42 | +0.021% | $20.7M | $100.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.41 | +0.015% | $2.8M | $73K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 165.28 | −0.064% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.25 | −0.082% | $598K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.391% | $8K | $26K | 30x | as long as short |
| Variational Omni MSTR | +0.0035% | 8h | 165.37 | −0.009% | $1.2M | $2.1M | — | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.40 | +0.009% | $27K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Variational Omni MSTR
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 | 165.43 | +0.027% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USDshort | +0.0050% | 1h | 165.33 | −0.033% | $383K | $2.7M | 10x | |
| SoDEX MSTR-USD | +0.0050% | 1h | 165.35 | −0.021% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.26 | −0.076% | $870K | $4.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0055% | 1h | 165.35 | −0.021% | $55.0M | $36.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 165.42 | +0.021% | $1.4M | $7.6M | 10x | as long as short |
| Binance MSTRUSDT | +0.0100% | 8h | 165.43 | +0.027% | $88.0M | $616.5M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 165.41 | +0.014% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 165.28 | −0.064% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.17 | −0.130% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.25 | −0.082% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.28 | −0.067% | $137 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0122% | 8h | 165.30 | −0.053% | $79K | $758K | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0128% | 8h | 165.39 | long leg | $66 | — | 5x | |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.95 | −0.263% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0212% | 1h | 165.30 | −0.054% | $122K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0219% | 8h | 165.44 | +0.033% | $1.0M | $2.0M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 165.47 | +0.050% | $270K | $449K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 165.27 | −0.070% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0345% | 8h | 165.53 | +0.088% | $17.2M | $40.6M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0644% | 4h | 165.17 | −0.129% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0658% | 1h | 165.35 | −0.021% | $281K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
tradeXYZ xyz:MSTR
QFEX MSTR-USD
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL