Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h +0.008%

Price spread now: SoDEX against Paradex+0.097%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 SoDEX

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 pays, funding is against you. SoDEX is 0.097% dearer against Paradex than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	166.00	0.0184	pay 0.0184% / 8h	6h 57m	$66	—	5x
Short	SoDEX MSTR-USD	166.16	0.0050	get 0.0006% / 1h	57m 01s	$44K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$28.16
Price spread: +0.097% → 0.000%: $9.74
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$30.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Paradex and SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSTR_USDT	0.0000%	8h	166.38	+0.230%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.20	+0.121%	$31.4M	$112.9M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.22	+0.133%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.06	+0.039%	$539K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.25	+0.152%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.09	+0.055%	$384K	$2.5M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	166.16	+0.097%	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.71	−0.174%	$926K	$3.5M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	166.09	+0.055%	$1.3M	$6.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.05	+0.029%	$102K	$88K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	166.11	+0.067%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.50	+0.302%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.18	+0.109%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.16	+0.095%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	166.23	+0.140%	$1.4M	$640K	10x	as long as short
Nado MSTR-PERP	+0.0132%	1h	166.08	+0.046%	$127K	$143K	3x	as long as short
Lighter MSTR	+0.0176%	1h	166.26	+0.158%	$3.5M	$1.7M	10x	as long as short
Paradex MSTR-USD-PERPlong	+0.0184%	8h	166.00	long leg	$66	—	5x
Aster MSTRUSDT	+0.0189%	8h	166.31	+0.189%	$1.8M	$8.6M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0280%	8h	166.11	+0.067%	$21.7M	$92.0M	50x	as long as short
Variational Omni MSTR	+0.0308%	8h	166.59	+0.359%	$1.2M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0352%	1h	166.25	+0.152%	$55.0M	$36.2M	10x	as long as short
Binance MSTRUSDT	+0.0381%	8h	166.25	+0.150%	$86.7M	$589.0M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	162.61	−2.041%	$7K	$26K	30x	as long as short
Phoenix MSTR	+0.0460%	1h	166.84	+0.510%	$56K	$215K	10x	as long as short
BloFin MSTR-USDT	+0.0501%	8h	166.52	+0.314%	$1.1M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0570%	8h	166.21	+0.127%	$17.2M	$40.2M	50x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.10	+0.064%	$271K	$382K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0669%	8h	166.65	+0.393%	$82K	$844K	10x	as long as short
edgeX MSTRUSDC	+0.0709%	4h	166.62	+0.377%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0894%	1h	166.24	+0.146%	$283K	$276K	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.20	+0.121%	$26K	$102K	10x	as long as short