Funding you earn now, next payment 03:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h −0.013%
Price spread now: Nado against Aster−0.045%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$720.717% of the position
Funding, last 3 days (all we have)−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)+0.541%+$54 · spread now −0.045%, 7d avg +0.006%
=Together, before fees+0.482%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.051% cheaper against Aster than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.006%). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 3 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.059% in total (about -6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 165.47 | 0 | get 0.0000% / 8h | 5h 14m | $1.9M | $8.5M | 50x |
| Short | Nado MSTR-PERP | 165.40 | 0.0217 | get 0.0027% / 1h | 14m 44s | $122K | $148K | 3x |
Aster MSTRUSDT
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Aster. 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
- $45.66
- Price spread: −0.045% → +0.006%
- −$5.14
- Slippage, 4 orders
- −$56.67
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$31.15
- Costs to cover
- 0.717%
- Break-even
- 11.8 days
Slippage from Aster: live order book, 4 min ago; Nado: live order book, 48 min ago.
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 Aster live order book, 4 min ago | 0.30 bp | 9.2 bp −$9 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell Nado live order book, 48 min ago | 6.99 bp | 30.2 bp −$30 | 92.1 bp −$921 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0979% | 8h | 165.72 | +0.151% | $27.8M | $114.6M | 25x | as long as short |
| Aster MSTRUSDTlong | 0.0000% | 8h | 165.47 | long leg | $1.9M | $8.5M | 50x | |
| Gate MSTR_USDT | 0.0000% | 8h | 165.66 | +0.115% | $4.6M | $18.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.62 | +0.091% | $2.8M | $72K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0001% | 8h | 165.63 | +0.097% | $20.8M | $100.2M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 165.52 | +0.030% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.48 | +0.006% | $598K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.339% | $8K | $26K | 30x | as long as short |
| Variational Omni MSTR | +0.0040% | 8h | 165.67 | +0.123% | $1.2M | $2.1M | — | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.53 | +0.036% | $27K | $110K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Variational Omni MSTR
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.71 | +0.145% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 165.50 | +0.018% | $383K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.36 | −0.066% | $882K | $4.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0056% | 1h | 165.48 | +0.006% | $55.1M | $36.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 165.53 | +0.036% | $1.4M | $7.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 165.45 | −0.010% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 165.50 | +0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.40 | −0.042% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.58 | +0.067% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.61 | +0.086% | $137 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0107% | 8h | 165.66 | +0.115% | $88.3M | $616.7M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0115% | 1h | 165.64 | +0.103% | $44K | $3K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 165.46 | −0.008% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0161% | 8h | 165.55 | +0.046% | $75K | $749K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 165.51 | +0.024% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0217% | 1h | 165.40 | −0.045% | $122K | $148K | 3x | |
| BloFin MSTR-USDT | +0.0227% | 8h | 165.67 | +0.121% | $1.0M | $2.0M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 165.58 | +0.067% | $271K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 165.50 | +0.015% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0343% | 8h | 165.72 | +0.151% | $17.3M | $40.6M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0838% | 1h | 165.62 | +0.091% | $282K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0965% | 4h | 165.49 | +0.011% | $51K | $5.4M | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
tradeXYZ xyz:MSTR
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
SoDEX MSTR-USD
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
RISEx MSTR/USDC
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC