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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.044%
Price spread now: Nado against BloFin−0.148%7-day average −0.040% · 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−$81as in the Price arb table
costs, in and out, $10k−$700.703% of the position
Long on BloFinShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.179%−$18 on $10k
Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.148%, 7d avg −0.040%
Together, before fees−0.032%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Nado is 0.107% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSTR-USDT163.770.0376pay 0.0376% / 8h1h 04m$1.0M$2.1M20x
ShortNado MSTR-PERP163.530.0360get 0.0045% / 1h4m 23s$131K$157K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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
−$3.39
Price spread: −0.148% → −0.040%
−$10.74
Slippage, 4 orders
−$51.33
Fee BloFin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$84.46
Costs to cover
0.703%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; Nado: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago2.14 bp8.2 bp −$810.3 bp −$10321.6 bp −$2,157doesn't fit
Sell Nado live order book, 38 min ago7.06 bp28.6 bp −$2985.8 bp −$858doesn't fitdoesn't fit

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−0.0617%8h163.83+0.037%$29.2M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.770.000%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.72−0.031%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.44−0.202%$508K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.401%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.75−0.012%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.58−0.116%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.60−0.104%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.68−0.055%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.54−0.140%$847K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.64−0.079%$1.3M$7.2M10xas long as short
Aster MSTRUSDT+0.0060%8h163.51−0.159%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.66−0.064%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.62−0.092%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.44−0.202%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.770.000%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.76−0.003%$136—10xas long as short
Lighter MSTR+0.0112%1h163.64−0.079%$3.5M$2.0M10xas long as short
edgeX MSTRUSDC+0.0141%4h163.56−0.125%$46K$5.4M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.374%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0165%8h163.64−0.078%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0174%8h163.68−0.055%$20.8M$100.3M50xas long as short
Variational Omni MSTR+0.0182%8h163.75−0.014%$1.2M$2.1M—as long as short
tradeXYZ xyz:MSTR+0.0243%1h163.60−0.104%$54.2M$37.3M10xas long as short
Binance MSTRUSDT+0.0256%8h163.66−0.065%$84.1M$625.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0268%8h163.63−0.085%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.78+0.007%$56K$223K10xas long as short
Nado MSTR-PERPshort+0.0360%1h163.53−0.148%$131K$157K3x
BloFin MSTR-USDTlong+0.0376%8h163.77long leg$1.0M$2.1M20x
RISEx MSTR/USDC+0.0381%1h163.71−0.037%$266K$426K10xas long as short
Bybit MSTRUSDT+0.0398%8h163.72−0.031%$17.1M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0850%1h163.78+0.006%$279K$437K10xas long as short