Funding arb · Price arb /

MSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.074%

Price spread now: Aevo against Paradex+0.021%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aevo

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

The price spread pays, funding is against you. Aevo is 0.021% dearer against Paradex than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	169.60	0.0144	pay 0.0144% / 8h	44m 08s	$68	—	5x
Short	Aevo MSTR-PERP	169.63	0.0104	get 0.0013% / 1h	44m 08s	$141	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now +0.021%Rate

Funding earned: −$8.45
Price spread: +0.021% → 0.000%: $2.06
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$26.39
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aevo: 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex and Aevo: 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
Aster MSTRUSDT	0.0000%	8h	169.69	+0.056%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.65	+0.032%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.63	+0.022%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.76	+0.097%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.60	+0.002%	$276K	$442K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0004%	8h	169.42	−0.102%	$83K	$875K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0022%	8h	169.61	+0.008%	$22.1M	$106.8M	50x	as long as short
BloFin MSTR-USDT	+0.0045%	8h	169.63	+0.020%	$1.1M	$1.9M	20x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.74	+0.085%	—	$2.1M	25x	as long as short
Binance MSTRUSDT	+0.0047%	8h	169.60	+0.002%	$89.5M	$628.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0049%	1h	169.55	−0.027%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.54	−0.033%	$394K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.65	+0.032%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.41	−0.110%	$781K	$5.2M	10x	as long as short
Bitget MSTRUSDT	+0.0062%	8h	169.64	+0.026%	$28.7M	$120.0M	25x	as long as short
Nado MSTR-PERP	+0.0071%	1h	169.39	−0.121%	$140K	$97K	3x	as long as short
Extended MSTR_24_5-USD	+0.0080%	1h	169.50	−0.058%	$583K	$1.8M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.32	−0.163%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.47	−0.074%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.44	−0.092%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.21	−0.228%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.62	+0.014%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.304%	$13K	$21K	30x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	169.63	+0.021%	$141	—	10x
Bybit MSTRUSDT	+0.0108%	8h	169.65	+0.032%	$15.2M	$40.5M	50x	as long as short
Paradex MSTR-USD-PERPlong	+0.0144%	8h	169.60	long leg	$68	—	5x
Lighter MSTR	+0.0152%	1h	169.63	+0.020%	$3.6M	$2.4M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0208%	1h	169.60	+0.002%	$57.2M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.50	−0.054%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0491%	4h	169.40	−0.117%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.65	+0.032%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1225%	1h	169.73	+0.079%	$289K	$438K	10x	as long as short