Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.76 per $10,000 · paid last 24h −0.003%
Price spread now: Orderly against Paradex−0.057%7-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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.057% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 164.86 | 0.0176 | pay 0.0176% / 8h | 6h 17m | $66 | — | 5x |
| Short | Orderly PERP_MSTR_USDC_mythos | 164.77 | 0.0100 | get 0.0100% / 8h | 6h 17m | $3K | $8K | 10x |
Paradex MSTR-USD-PERP
Orderly PERP_MSTR_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$15.93
- Price spread: −0.057% → 0.000%
- −$5.72
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$31.65
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
Paradex and Orderly: 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 31 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 | −0.1071% | 8h | 164.95 | +0.052% | $27.6M | $115.8M | 25x | as long as short |
| Gate MSTR_USDT | −0.0171% | 8h | 164.81 | −0.033% | $4.6M | $19.1M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.81 | −0.035% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.80 | −0.039% | $20.9M | $100.9M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.83 | −0.021% | $270K | $447K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.70 | −0.097% | $1.2M | $2.1M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.92 | +0.034% | $2.8M | $68K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.65 | −0.130% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.83 | −0.021% | $27K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.75 | −0.069% | — | $1.8M | 25x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.90 | +0.022% | $910K | $4.5M | 10x | as long as short |
| Lighter MSTR | +0.0064% | 1h | 164.74 | −0.075% | $3.5M | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.89 | +0.016% | $1.4M | $8.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0065% | 8h | 164.81 | −0.033% | $87.9M | $624.1M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0067% | 1h | 164.79 | −0.045% | $43K | $3K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0087% | 1h | 164.74 | −0.075% | $384K | $2.7M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.87 | 0.000% | $101K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.71 | −0.094% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.53 | −0.203% | $4K | $188K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.0100% | 8h | 164.77 | −0.057% | $3K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.78 | −0.049% | $137 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0154% | 8h | 164.68 | −0.115% | $79K | $760K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.40 | −0.282% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0176% | 8h | 164.86 | long leg | $66 | — | 5x | |
| tradeXYZ xyz:MSTR | +0.0239% | 1h | 164.74 | −0.075% | $55.2M | $36.9M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0315% | 4h | 164.58 | −0.170% | $48K | $5.5M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.715% | $8K | $26K | 30x | as long as short |
| Nado MSTR-PERP | +0.0363% | 1h | 164.82 | −0.025% | $122K | $150K | 3x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.92 | +0.036% | $55K | $219K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0391% | 8h | 164.87 | +0.003% | $17.1M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0661% | 1h | 164.88 | +0.010% | $280K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
Lighter MSTR
QFEX MSTR-USD
Binance MSTRUSDT
SoDEX MSTR-USD
Polymarket Perps MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
edgeX MSTRUSDC
Injective MSTR/USDC PERP
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL