MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h −0.037%

Price spread now: Binance against Paradex−0.053%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Binance

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

Funding pays, the price is against you. Binance is 0.053% cheaper against Paradex than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	170.16	0.0075	pay 0.0075% / 8h	3h 32m	$68	—	5x
Short	Binance MSTRUSDT	170.07	0.0096	get 0.0096% / 8h	3h 32m	$89.5M	$624.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.053%Rate

Funding earned: $4.38
Price spread: −0.053% → 0.000%: −$5.26
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.88
Costs to cover: 0.140%
Break-even: 30.8 days

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 2 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 Binance live order book, 2 min ago	0.29 bp	7.4 bp −$7	9.6 bp −$96	27.3 bp −$2,728	113.0 bp −$56.5K

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
Nado MSTR-PERP	−0.0036%	1h	169.87	−0.167%	$140K	$107K	3x	as long as short
RISEx MSTR/USDC	0.0000%	1h	170.05	−0.067%	$295K	$474K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	170.02	−0.082%	$4.9M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	170.04	−0.070%	$2.9M	$52K	10x	as long as short
Variational Omni MSTR	+0.0013%	8h	169.83	−0.195%	$1.2M	$2.4M	—	as long as short
Lighter MSTR	+0.0032%	1h	170.03	−0.076%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.95	−0.125%	$584K	$1.9M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0040%	8h	169.87	−0.170%	$80K	$950K	10x	as long as short
QFEX MSTR-USD	+0.0044%	1h	170.13	−0.017%	$1.5M	$10.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	170.33	+0.100%	—	$2.0M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	170.00	−0.094%	$1.5M	$1.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.87	−0.170%	$411K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.79	−0.217%	$804K	$4.9M	10x	as long as short
BloFin MSTR-USDT	+0.0068%	8h	170.08	−0.047%	$1.1M	$1.7M	20x	as long as short
Paradex MSTR-USD-PERPlong	+0.0075%	8h	170.16	long leg	$68	—	5x
OKX MSTR-USDT-SWAP	+0.0080%	8h	170.10	−0.035%	$22.3M	$108.4M	50x	as long as short
Aster MSTRUSDT	+0.0081%	8h	170.03	−0.076%	$1.3M	$6.2M	50x	as long as short
Phoenix MSTR	+0.0090%	1h	169.79	−0.218%	$57K	$389K	10x	as long as short
SoDEX MSTR-USD	+0.0093%	1h	170.07	−0.053%	$45K	$3K	10x	as long as short
Binance MSTRUSDTshort	+0.0096%	8h	170.07	−0.053%	$89.5M	$624.9M	50x
Pacifica MSTR	+0.0100%	1h	170.14	−0.009%	$104K	$153K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.96	−0.117%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.77	−0.229%	$4K	$1.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	170.08	−0.047%	$3K	$12K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0102%	1h	169.98	−0.105%	$57.2M	$36.9M	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	170.10	−0.033%	$141	—	10x	as long as short
Bitget MSTRUSDT	+0.0157%	8h	170.03	−0.076%	$29.1M	$118.1M	25x	as long as short
Injective MSTR/USDC PERP	+0.0171%	1h	169.97	−0.111%	$13K	$22K	30x	as long as short
Bybit MSTRUSDT	+0.0239%	8h	170.11	−0.029%	$15.6M	$42.2M	50x	as long as short
Arcus MSTR-USD	+0.0451%	1h	170.20	+0.024%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0633%	1h	170.03	−0.076%	$289K	$439K	10x	as long as short
edgeX MSTRUSDC	+0.0946%	4h	169.90	−0.152%	$48K	$5.4M	10x	as long as short