Funding you earn now, next payment 06:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h +0.014%
Price spread now: Paradex against Lighter+0.013%7-day average — · you sell dearer than you buy
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
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 161.87 | 0.0144 | pay 0.0018% / 1h | 23m 32s | $3.4M | $2.0M | 10x |
| Short | Paradex MSTR-USD-PERP | 161.89 | 0.0147 | get 0.0147% / 8h | 2h 23m | $65 | — | 5x |
Lighter MSTR
Paradex MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Lighter. 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
- $0.73
- Price spread: +0.013% → 0.000%
- $1.27
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$2
- Costs to cover
- 0.040%
- Break-even
- 26.3 days
Slippage unknown: Lighter: 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 Lighter live order book, 4 min ago | 0.93 bp | 3.7 bp −$4 | 10.5 bp −$105 | 36.7 bp −$3,672 | 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 | −0.1281% | 8h | 162.09 | +0.136% | $26.8M | $117.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 161.80 | −0.044% | $1.7M | $8.7M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 161.90 | +0.019% | $4.6M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 162.30 | +0.266% | $2.7M | $77K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0026% | 1h | 161.38 | −0.303% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 161.62 | −0.154% | $500K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.615% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.03 | +0.099% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 161.72 | −0.093% | $373K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 161.95 | +0.049% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 161.69 | −0.111% | $863K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 161.80 | −0.043% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 161.76 | −0.068% | $262K | $443K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0096% | 8h | 161.76 | −0.068% | $20.4M | $99.5M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 161.90 | +0.017% | $99K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 161.72 | −0.093% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 161.54 | −0.204% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 161.98 | +0.068% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 161.97 | +0.059% | $134 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0121% | 8h | 161.70 | −0.103% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTRlong | +0.0144% | 1h | 161.87 | long leg | $3.4M | $2.0M | 10x | |
| Paradex MSTR-USD-PERPshort | +0.0147% | 8h | 161.89 | +0.013% | $65 | — | 5x | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −0.216% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0200% | 8h | 161.80 | −0.043% | $82.9M | $627.6M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0208% | 8h | 161.95 | +0.050% | $78K | $850K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0314% | 8h | 162.02 | +0.093% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0329% | 1h | 161.72 | −0.093% | $53.7M | $37.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0361% | 1h | 161.72 | −0.091% | $129K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 161.97 | +0.061% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0375% | 8h | 161.85 | −0.012% | $16.7M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0394% | 4h | 161.77 | −0.062% | $44K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0924% | 1h | 162.09 | +0.136% | $276K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL