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Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.0% APRpaid last 24h −0.018%
Price spread now: Polymarket Perps against Paradex−0.007%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Polymarket Perps
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MSTR-USD-PERP163.820.0142pay 0.0142% / 8h2h 03m$66—5x
ShortPolymarket Perps MSTR-USD163.810.0050get 0.0006% / 1h3m 24s$378K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
−$19.22
Price spread: −0.007% → 0.000%
−$0.68
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$31.89
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago1.22 bp5.2 bp −$56.2 bp −$6210.3 bp −$1,033doesn'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−0.0993%8h164.10+0.170%$28.4M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.93+0.066%$4.7M$19.8M50xas long as short
Phemex MSTRUSDT0.0000%4h163.51−0.190%$2.8M$78K10xas long as short
Aster MSTRUSDT+0.0016%8h163.84+0.012%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.75−0.043%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.369%$8K$26K30xas long as short
Vest MSTR-USD-PERP+0.0036%1h163.87+0.030%—$1.8M25xas long as short
Arcus MSTR-USD+0.0040%1h164.01+0.115%$26K$113K10xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.81−0.007%$378K$2.7M10x
Ondo Perps MSTR-USD.P+0.0050%1h163.92+0.060%$853K$4.0M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0054%1h163.87+0.030%$1.3M$7.3M10xas long as short
RISEx MSTR/USDC+0.0088%1h163.94+0.070%$264K$442K10xas long as short
Pacifica MSTR+0.0100%1h163.84+0.011%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.83+0.005%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.95+0.079%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.90+0.048%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.90+0.051%$136—10xas long as short
OKX MSTR-USDT-SWAP+0.0119%8h163.89+0.042%$20.8M$101.1M50xas long as short
Lighter MSTR+0.0120%1h163.83+0.005%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERPlong+0.0142%8h163.82long leg$66—5x
Variational Omni MSTR+0.0147%8h164.18+0.217%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h161.52−1.405%$1.4M$1.1M10xas long as short
Binance MSTRUSDT+0.0218%8h163.87+0.030%$84.1M$629.1M50xas long as short
tradeXYZ xyz:MSTR+0.0229%1h163.76−0.037%$54.3M$37.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0236%8h164.07+0.154%$79K$854K10xas long as short
edgeX MSTRUSDC+0.0279%4h164.13+0.188%$46K$5.4M10xas long as short
Nado MSTR-PERP+0.0332%1h163.78−0.023%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0341%8h163.97+0.091%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0362%1h163.89+0.044%$56K$226K10xas long as short
Bybit MSTRUSDT+0.0372%8h163.91+0.054%$16.9M$41.9M50xas long as short
SoDEX MSTR-USD+0.0372%1h163.86+0.024%$43K$3K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0544%1h163.90+0.048%$279K$438K10xas long as short