Funding you earn now, next payment 08:00 UTC−0.0260%/8h= −28.5% APRnext payment −$2.60 per $10,000 · paid last 24h −0.009%
Price spread now: Paradex against Bybit−0.063%7-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 −$8 a day on $10k at the current rate, and Paradex is 0.063% cheaper against Bybit than usual: you would sell low and buy high (−$6 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 | Bybit MSTRUSDT | 163.91 | 0.0425 | pay 0.0425% / 8h | 6h 39m | $17.1M | $41.2M | 50x |
| Short | Paradex MSTR-USD-PERP | 163.81 | 0.0164 | get 0.0164% / 8h | 6h 39m | $66 | — | 5x |
Bybit MSTRUSDT
Paradex MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Bybit. 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
- −$54.61
- Price spread: −0.063% → 0.000%
- −$6.29
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$75.9
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.30 bp | 8.4 bp −$8 | 12.6 bp −$126 | 119.0 bp −$11.9K | 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 | −0.0715% | 8h | 163.91 | 0.000% | $26.9M | $115.9M | 25x | as long as short |
| Gate MSTR_USDT | −0.0304% | 8h | 163.70 | −0.128% | $4.6M | $18.9M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.73 | −0.110% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 163.84 | −0.043% | $20.8M | $100.7M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 163.79 | −0.070% | $268K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.35 | +0.268% | $1.2M | $2.1M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.86 | +0.579% | $76K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.44 | +0.323% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +1.001% | $1.1M | $1.9M | 20x | as long as short |
| Binance MSTRUSDT | +0.0013% | 8h | 163.91 | 0.000% | $86.6M | $626.4M | 50x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
Binance MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.53 | −0.229% | $566K | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.41 | +0.305% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.58 | −0.201% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.90 | −0.006% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.69 | −0.134% | $884K | $4.8M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0056% | 4h | 165.04 | +0.688% | $47K | $5.4M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 163.81 | −0.061% | $1.4M | $8.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.82 | −0.053% | $101K | $86K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.67 | −0.146% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.64 | +0.445% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.60 | −0.189% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.67 | −0.144% | $136 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0119% | 1h | 163.65 | −0.159% | $382K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.71 | −0.122% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERPshort | +0.0164% | 8h | 163.81 | −0.063% | $66 | — | 5x | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.67 | +0.464% | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +3.313% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.0365% | 1h | 163.72 | −0.116% | $55.1M | $36.3M | 10x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.58 | +0.410% | $55K | $219K | 10x | as long as short |
| Nado MSTR-PERP | +0.0411% | 1h | 163.39 | −0.316% | $110K | $142K | 3x | as long as short |
| Bybit MSTRUSDTlong | +0.0425% | 8h | 163.91 | long leg | $17.1M | $41.2M | 50x | |
| Deribit MSTR_USDC-PERPETUAL | +0.1278% | 1h | 163.84 | −0.043% | $279K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
edgeX MSTRUSDC
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Polymarket Perps MSTR-USD
Lighter MSTR
Coinbase International MSTR-PERP-INTX
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Nado MSTR-PERP
Deribit MSTR_USDC-PERPETUAL