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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0678%/8h= +74.3% APRpaid last 24h +0.150%
Price spread now: edgeX against Paradex−0.049%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on edgeX
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 · edgeX: Active · farm boardneeds both histories
Funding pays, the price is against you. edgeX is 0.049% cheaper against Paradex than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$20 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MSTR-USD-PERP163.430.0172pay 0.0172% / 8h54m 32s$65—5x
ShortedgeX MSTRUSDC163.350.0851get 0.0425% / 4h54m 32s$46K$5.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$142.46
Price spread: −0.049% → 0.000%
−$4.9
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$124.57
Costs to cover
0.130%
Break-even
0.9 days
Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell edgeX live order book, 4 min ago5.51 bp10.4 bp −$1017.6 bp −$176doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0571%8h163.64+0.128%$29.2M$119.0M25xas long as short
Gate MSTR_USDT0.0000%8h163.60+0.104%$4.7M$19.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.42−0.006%$2.8M$81K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.34−0.055%$506K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.616%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.52+0.055%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.32−0.068%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.41−0.013%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.33−0.062%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.13−0.184%$857K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.45+0.012%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0068%8h163.34−0.055%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0080%1h163.45+0.012%$3.5M$2.0M10xas long as short
Pacifica MSTR+0.0100%1h163.51+0.046%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.42−0.006%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.29−0.086%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.32−0.068%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.34−0.054%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.169%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERPlong+0.0172%8h163.43long leg$65—5x
OKX MSTR-USDT-SWAP+0.0188%8h163.52+0.055%$20.8M$100.0M50xas long as short
Variational Omni MSTR+0.0193%8h163.27−0.095%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0264%8h163.51+0.048%$84.2M$623.9M50xas long as short
GRVT MSTR_USDT_Perp+0.0276%8h163.50+0.040%$76K$839K10xas long as short
Phoenix MSTR+0.0328%1h163.46+0.016%$55K$223K10xas long as short
Nado MSTR-PERP+0.0359%1h163.36−0.045%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0383%8h163.39−0.025%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0411%8h163.53+0.061%$17.1M$41.8M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.53+0.064%$266K$425K10xas long as short
tradeXYZ xyz:MSTR+0.0539%1h163.52+0.055%$54.1M$37.8M10xas long as short
edgeX MSTRUSDCshort+0.0851%4h163.35−0.049%$46K$5.4M10x
Deribit MSTR_USDC-PERPETUAL+0.0853%1h163.32−0.068%$278K$437K10xas long as short