Funding you earn now, next payment 01:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h +0.004%
Price spread now: Nado against Aevo−0.056%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 Nado is 0.056% cheaper against Aevo 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 | Aevo MSTR-PERP | 166.74 | 0.0104 | pay 0.0013% / 1h | 6m 14s | $138 | — | 10x |
| Short | Nado MSTR-PERP | 166.64 | 0.0047 | get 0.0006% / 1h | 6m 14s | $135K | $128K | 3x |
Aevo MSTR-PERP
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Aevo. 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
- −$11.96
- Price spread: −0.056% → 0.000%
- −$5.63
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$40.6
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Nado: live order book, 1 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 1 min ago | 4.50 bp | 28.7 bp −$29 | 87.4 bp −$874 | doesn't fit | doesn't fit |
Aevo: 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 | −0.0188% | 8h | 166.79 | +0.033% | $4.7M | $19.2M | 50x | as long as short |
| BloFin MSTR-USDT | −0.0014% | 8h | 166.79 | +0.033% | $1.1M | $1.9M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 166.79 | +0.031% | $1.2M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 166.71 | −0.012% | $87.6M | $614.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 166.75 | +0.009% | $21.5M | $99.4M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.81 | +0.045% | $27.7M | $113.8M | 25x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 166.78 | +0.029% | $1.2M | $2.0M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 167.28 | +0.329% | $84K | $812K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 167.16 | +0.255% | $2.8M | $67K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 166.60 | −0.081% | $3.5M | $2.0M | 10x | as long as short |
Gate MSTR_USDT
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
Bitget MSTRUSDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
Lighter MSTRShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 166.51 | −0.135% | $575K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0035% | 1h | 166.71 | −0.015% | $1.4M | $8.6M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 167.16 | +0.255% | $27K | $115K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.56 | −0.105% | — | $1.7M | 25x | as long as short |
| Nado MSTR-PERPshort | +0.0047% | 1h | 166.64 | −0.056% | $135K | $128K | 3x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.62 | −0.069% | $391K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.68 | −0.033% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 166.72 | −0.009% | $773K | $4.8M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0088% | 1h | 166.74 | +0.003% | $1.4M | $1.1M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.76 | +0.015% | $103K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.73 | −0.003% | $2.5M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 167.13 | +0.237% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.80 | +0.039% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERPlong | +0.0104% | 1h | 166.74 | long leg | $138 | — | 10x | |
| Paradex MSTR-USD-PERP | +0.0106% | 8h | 166.70 | −0.023% | $67 | — | 5x | as long as short |
| Injective MSTR/USDC PERP | +0.0235% | 1h | 169.34 | +1.562% | $8K | $26K | 30x | as long as short |
| Bybit MSTRUSDT | +0.0237% | 8h | 166.74 | +0.003% | $15.9M | $39.5M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0237% | 1h | 166.72 | −0.009% | $56.4M | $35.8M | 10x | as long as short |
| Phoenix MSTR | +0.0259% | 1h | 167.42 | +0.410% | $56K | $384K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0265% | 4h | 167.38 | +0.388% | $43K | $5.4M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0349% | 1h | 166.77 | +0.018% | $272K | $433K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0591% | 1h | 166.69 | −0.027% | $283K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
QFEX MSTR-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Paradex MSTR-USD-PERP
Injective MSTR/USDC PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL