Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.083%

Price spread now: Paradex against RISEx−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.039% cheaper against RISEx than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	164.43	0.0034	pay 0.0004% / 1h	8m 04s	$267K	$448K	10x
Short	Paradex MSTR-USD-PERP	164.37	0.0134	get 0.0134% / 8h	4h 08m	$66	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against RISEx. 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 RISExbpFee ParadexbpOrdersPrice spread, now −0.039%Rate

Funding earned: $20.92
Price spread: −0.039% → 0.000%: −$3.93
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.99
Costs to cover: 0.100%
Break-even: 4.7 days

Slippage unknown: RISEx: live order book, 50 min ago; Paradex: no order-book sample. 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 RISEx live order book, 50 min ago	0.61 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.0935%	8h	164.56	+0.077%	$27.8M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.38	−0.035%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.42	−0.008%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.49	+0.035%	$2.8M	$74K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0013%	8h	164.44	+0.004%	$20.6M	$99.4M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.35	−0.051%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.28	−0.090%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.984%	$8K	$26K	30x	as long as short
RISEx MSTR/USDClong	+0.0034%	1h	164.43	long leg	$267K	$448K	10x
Arcus MSTR-USD	+0.0040%	1h	164.60	+0.102%	$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	164.34	−0.057%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.34	−0.057%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.40	−0.020%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.24	−0.117%	$856K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.45	+0.010%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0080%	8h	164.56	+0.080%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.39	−0.029%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.31	−0.075%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.43	−0.002%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.37	−0.038%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.39	−0.024%	$136	—	10x	as long as short
Paradex MSTR-USD-PERPshort	+0.0134%	8h	164.37	−0.039%	$66	—	5x
Binance MSTRUSDT	+0.0145%	8h	164.44	+0.004%	$87.3M	$615.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0160%	8h	164.58	+0.088%	$76K	$780K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.190%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.54	+0.064%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0226%	1h	164.39	−0.026%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0240%	1h	164.28	−0.092%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0265%	8h	164.73	+0.181%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0346%	8h	164.44	+0.004%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0785%	1h	164.43	−0.002%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0908%	4h	164.55	+0.071%	$49K	$5.4M	10x	as long as short