Funding you earn now, next payment 16:00 UTC+0.0331%/8h= +36.3% APRnext payment +$3.31 per $10,000 · paid last 24h +0.036%
Price spread now: Paradex against Bitget−0.091%52s7-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
=Funding pays, the price is against you. Paradex is 0.091% cheaper against Bitget than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 22 hours of funding at the current rate (+$10 a day). The two prices were read 52 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 | Bitget MSTRUSDT | 163.31 | −0.0161 | get 0.0161% / 8h | 7h 41m | $30.3M | $118.4M | 25x |
| Short | Paradex MSTR-USD-PERP | 163.16 | 0.0170 | get 0.0170% / 8h | 7h 41m | $65 | — | 5x |
Bitget MSTRUSDT
Paradex MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Bitget. 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
- $69.55
- Price spread: −0.091% → 0.000%
- −$9.1
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $44.45
- Costs to cover
- 0.160%
- Break-even
- 2.5 days
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 0.31 bp | 9.5 bp −$10 | 14.3 bp −$143 | 35.0 bp −$3,496 | 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 MSTRUSDTlong | −0.0161% | 8h | 163.31 | long leg | $30.3M | $118.4M | 25x | |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.39 | +0.049% | $2.7M | $86K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.13 | −0.108% | $592K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.692% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.39 | +0.049% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.18 | −0.080% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.10 | −0.129% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.29 | −0.012% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.18 | −0.080% | $892K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0061% | 1h | 163.17 | −0.086% | $1.3M | $7.0M | 10x | as long as short |
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MSTR | +0.0100% | 1h | 163.22 | −0.058% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.32 | +0.006% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.25 | −0.037% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.36 | +0.031% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.31 | +0.003% | $136 | — | 10x | as long as short |
| Gate MSTR_USDT | +0.0116% | 8h | 163.37 | +0.037% | $4.7M | $18.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.423% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0124% | 8h | 163.30 | −0.006% | $1.8M | $8.7M | 50x | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.32 | +0.006% | $3.5M | $1.7M | 10x | as long as short |
| Paradex MSTR-USD-PERPshort | +0.0170% | 8h | 163.16 | −0.091% | $65 | — | 5x | |
| Nado MSTR-PERP | +0.0185% | 1h | 163.19 | −0.072% | $125K | $165K | 3x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0234% | 8h | 163.26 | −0.031% | $20.9M | $99.2M | 50x | as long as short |
| Variational Omni MSTR | +0.0237% | 8h | 163.36 | +0.029% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0319% | 8h | 163.27 | −0.024% | $84.2M | $619.4M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.27 | −0.026% | $268K | $417K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0438% | 8h | 163.31 | 0.000% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0442% | 1h | 163.24 | −0.043% | $53.8M | $37.6M | 10x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 163.51 | +0.120% | $56K | $223K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0513% | 4h | 163.39 | +0.050% | $47K | $5.4M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0620% | 8h | 163.34 | +0.018% | $17.1M | $41.3M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0792% | 8h | 163.50 | +0.113% | $80K | $848K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1221% | 1h | 163.39 | +0.049% | $278K | $430K | 10x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Gate MSTR_USDT
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Lighter MSTR
Nado MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
RISEx MSTR/USDC
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
Bybit MSTRUSDT
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL