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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 07:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.016%
Price spread now: QFEX against Paradex+0.018%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on QFEX
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-PERP163.330.0172pay 0.0172% / 8h56m 28s$65—5x
ShortQFEX MSTR-USD163.360.0067get 0.0008% / 1h56m 28s$1.3M$7.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
−$22.14
Price spread: +0.018% → 0.000%
$1.82
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$34.32
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; QFEX: live order book, 7 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 QFEX live order book, 7 min ago0.92 bp5.9 bp −$66.5 bp −$65doesn'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−0.0567%8h163.53+0.122%$29.1M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.45+0.073%$4.7M$19.4M50xas long as short
Phemex MSTRUSDT0.0000%4h163.47+0.086%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.17−0.098%$507K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.680%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.54+0.128%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.22−0.068%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.30−0.019%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.38+0.030%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.25−0.049%$857K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MSTRUSDT+0.0067%8h163.23−0.062%$1.8M$8.7M50xas long as short
QFEX MSTR-USDshort+0.0067%1h163.36+0.018%$1.3M$7.2M10x
Pacifica MSTR+0.0100%1h163.39+0.038%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.34+0.006%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.20−0.080%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.46+0.079%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.47+0.086%$136—10xas long as short
Lighter MSTR+0.0128%1h163.34+0.006%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.108%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERPlong+0.0172%8h163.33long leg$65—5x
OKX MSTR-USDT-SWAP+0.0186%8h163.38+0.030%$20.8M$99.9M50xas long as short
Variational Omni MSTR+0.0187%8h163.34+0.004%$1.2M$2.1M—as long as short
Binance MSTRUSDT+0.0263%8h163.37+0.024%$84.1M$624.2M50xas long as short
GRVT MSTR_USDT_Perp+0.0274%8h163.40+0.043%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.46+0.077%$56K$223K10xas long as short
Nado MSTR-PERP+0.0363%1h163.25−0.051%$130K$157K3xas long as short
BloFin MSTR-USDT+0.0382%8h163.46+0.079%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0410%8h163.42+0.055%$17.1M$41.8M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.40+0.043%$266K$425K10xas long as short
tradeXYZ xyz:MSTR+0.0545%1h163.42+0.055%$54.0M$37.8M10xas long as short
edgeX MSTRUSDC+0.0637%4h163.44+0.069%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0791%1h163.48+0.092%$278K$437K10xas long as short