Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0372%/8h= +40.7% APRpaid last 24h +0.059%

Price spread now: RISEx against Paradex+0.030%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on RISEx

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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.030% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	166.42	0.0087	pay 0.0087% / 8h	4h 54m	$67	—	5x
Short	RISEx MSTR/USDC	166.47	0.0459	get 0.0057% / 1h	54m 45s	$275K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.030%Rate

Funding earned: $78.11
Price spread: +0.030% → 0.000%: $2.97
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $71.08
Costs to cover: 0.100%
Break-even: 0.6 days

Slippage unknown: Paradex: no order-book sample; RISEx: live order book, 51 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 RISEx live order book, 51 min ago	2.11 bp	5.1 bp −$5	7.0 bp −$70	doesn't fit	doesn'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 exchanges

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
Gate MSTR_USDT	0.0000%	8h	166.41	−0.003%	$4.9M	$17.0M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.41	−0.003%	$32.2M	$102.8M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.41	−0.003%	$2.8M	$84K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.35	−0.039%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.22	−0.121%	$1.0M	$2.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	165.22	−0.718%	$7K	$28K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.54	+0.075%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.31	−0.063%	$389K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.40	−0.009%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.23	−0.112%	$862K	$3.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0054%	1h	166.31	−0.063%	$1.3M	$5.7M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	166.19	−0.136%	$1.4M	$355K	10x	as long as short
Nado MSTR-PERP	+0.0064%	1h	166.38	−0.022%	$127K	$126K	3x	as long as short
Paradex MSTR-USD-PERPlong	+0.0087%	8h	166.42	long leg	$67	—	5x
Pacifica MSTR	+0.0100%	1h	166.36	−0.033%	$102K	$64K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.28	−0.081%	$2.3M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.35	−0.039%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.38	−0.021%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.44	+0.013%	$138	$100	10x	as long as short
Bybit MSTRUSDT	+0.0164%	8h	166.39	−0.015%	$16.7M	$37.8M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0181%	1h	166.28	−0.081%	$55.0M	$33.4M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0266%	8h	166.39	−0.015%	$21.9M	$80.0M	50x	as long as short
Aster MSTRUSDT	+0.0271%	8h	166.43	+0.006%	$1.8M	$6.3M	50x	as long as short
edgeX MSTRUSDC	+0.0310%	4h	166.41	−0.004%	$51K	$4.5M	10x	as long as short
Phoenix MSTR	+0.0322%	1h	166.39	−0.017%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0360%	8h	166.44	+0.012%	$1.2M	$1.6M	—	as long as short
GRVT MSTR_USDT_Perp	+0.0450%	8h	166.62	+0.123%	$85K	$922K	10x	as long as short
Binance MSTRUSDT	+0.0450%	8h	166.36	−0.033%	$87.0M	$517.1M	50x	as long as short
RISEx MSTR/USDCshort	+0.0459%	1h	166.47	+0.030%	$275K	$347K	10x
BloFin MSTR-USDT	+0.0583%	8h	166.45	+0.021%	$1.1M	$2.0M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0592%	1h	166.32	−0.057%	$283K	$183K	10x	as long as short
Arcus MSTR-USD	+0.0803%	1h	166.47	+0.033%	$26K	$63K	10x	as long as short