Funding you earn now, next payment 08:00 UTC−0.0106%/8h= −11.6% APRnext payment −$1.06 per $10,000 · paid last 24h +0.014%
Price spread now: Aster against Paradex−0.143%49s7-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
=Together, before fees—+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.143% cheaper against Paradex than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | Paradex MSTR-USD-PERP | 163.38 | 0.0168 | pay 0.0168% / 8h | 1h 00m | $65 | — | 5x |
| Short | Aster MSTRUSDT | 163.14 | 0.0062 | get 0.0062% / 8h | 1h 00m | $1.8M | $8.7M | 50x |
Paradex MSTR-USD-PERP
Aster MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Paradex. 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
- −$22.3
- Price spread: −0.143% → 0.000%
- −$14.34
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$48.64
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Aster: live order book, 3 min ago. 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 Aster live order book, 3 min ago | 1.22 bp | 5.3 bp −$5 | 31.8 bp −$318 | doesn't fit | doesn't fit |
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 | −0.0591% | 8h | 163.50 | +0.075% | $29.1M | $118.7M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.39 | +0.008% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.45 | +0.044% | $2.8M | $80K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.06 | −0.191% | $507K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.650% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.69 | +0.191% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.30 | −0.047% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.36 | −0.011% | $378K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.42 | +0.026% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.41 | +0.020% | $846K | $3.8M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
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.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0057% | 1h | 163.39 | +0.008% | $1.3M | $7.2M | 10x | as long as short |
| Aster MSTRUSDTshort | +0.0062% | 8h | 163.14 | −0.143% | $1.8M | $8.7M | 50x | |
| Pacifica MSTR | +0.0100% | 1h | 163.44 | +0.041% | $100K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.27 | −0.066% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.55 | +0.106% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.41 | +0.020% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.39 | +0.011% | $136 | — | 10x | as long as short |
| Lighter MSTR | +0.0112% | 1h | 163.33 | −0.029% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.137% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0168% | 8h | 163.38 | long leg | $65 | — | 5x | |
| OKX MSTR-USDT-SWAP | +0.0179% | 8h | 163.34 | −0.023% | $20.8M | $100.0M | 50x | as long as short |
| Variational Omni MSTR | +0.0187% | 8h | 163.34 | −0.025% | $1.2M | $2.1M | — | as long as short |
| Binance MSTRUSDT | +0.0258% | 8h | 163.29 | −0.054% | $83.9M | $625.3M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0263% | 1h | 163.32 | −0.035% | $54.0M | $37.8M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0272% | 8h | 163.63 | +0.152% | $76K | $865K | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 163.78 | +0.247% | $56K | $223K | 10x | as long as short |
| Nado MSTR-PERP | +0.0362% | 1h | 163.28 | −0.062% | $130K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0378% | 8h | 163.40 | +0.014% | $1.0M | $2.1M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.41 | +0.019% | $266K | $425K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0403% | 8h | 163.35 | −0.017% | $17.1M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0964% | 4h | 163.73 | +0.214% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0976% | 1h | 163.37 | −0.005% | $278K | $437K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Lighter MSTR
Coinbase International MSTR-PERP-INTX
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
tradeXYZ xyz:MSTR
GRVT MSTR_USDT_Perp
Phoenix MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL