Funding you earn now, next payment 07:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.007%
Price spread now: Nado against Coinbase International+1.482%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$70as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 4 days (all we have)−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)−1.494%−$149 · spread now +1.482%, 7d avg +0.077%
=Together, before fees−1.657%+ Points / potential airdropNado: Active · farm board−$166 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 1.404% dearer against Coinbase International than usual: you sell high and buy low: +$140 more if the spread goes back to its 7-day average of +0.077%. Mind the row above: over the last 4 days funding on this pair cost −0.162%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MSTR-PERP-INTX | 161.52 | 0.0136 | pay 0.0017% / 1h | 39m 50s | $1.4M | $1.1M | 10x |
| Short | Nado MSTR-PERP | 163.91 | 0.0332 | get 0.0042% / 1h | 39m 50s | $126K | $165K | 3x |
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. 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
- $41.17
- Price spread: +1.482% → +0.077%
- $140.41
- Slippage, 4 orders
- −$52.99
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $111.59
- Costs to cover
- 0.700%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 4 min ago; Nado: live order book, 63 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 Coinbase International live order book, 4 min ago | 2.74 bp | 8.8 bp −$9 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Nado live order book, 63 min ago | 7.06 bp | 28.6 bp −$29 | 85.8 bp −$858 | 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 | −0.0403% | 8h | 163.93 | +1.492% | $29.5M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.90 | +1.474% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.88 | +1.461% | $2.8M | $82K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.66 | +1.325% | $502K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.842% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.14 | +1.622% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.00 | +1.535% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.92 | +1.486% | $379K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.79 | +1.405% | $868K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.01 | +1.542% | $1.3M | $7.1M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | +0.0079% | 8h | 163.81 | +1.420% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.00 | +1.537% | $101K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.83 | +1.430% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.93 | +1.492% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.88 | +1.461% | $2K | $13K | 10x | as long as short |
| SoDEX MSTR-USD | +0.0100% | 1h | 163.89 | +1.467% | $43K | $3K | 10x | as long as short |
| Lighter MSTR | +0.0104% | 1h | 163.71 | +1.356% | $3.5M | $2.0M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.91 | +1.481% | $136 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTXlong | +0.0136% | 1h | 161.52 | long leg | $1.4M | $1.1M | 10x | |
| Paradex MSTR-USD-PERP | +0.0173% | 8h | 164.01 | +1.544% | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0199% | 8h | 163.82 | +1.424% | $20.9M | $100.1M | 50x | as long as short |
| Variational Omni MSTR | +0.0202% | 8h | 164.04 | +1.562% | $1.2M | $2.0M | — | as long as short |
| edgeX MSTRUSDC | +0.0258% | 4h | 164.02 | +1.551% | $46K | $5.4M | 10x | as long as short |
| Binance MSTRUSDT | +0.0273% | 8h | 163.81 | +1.420% | $84.4M | $621.2M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0285% | 8h | 164.08 | +1.585% | $85K | $849K | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0332% | 1h | 163.91 | +1.482% | $126K | $165K | 3x | |
| Phoenix MSTR | +0.0357% | 1h | 164.20 | +1.659% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0392% | 8h | 164.11 | +1.604% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0418% | 8h | 163.86 | +1.449% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 164.01 | +1.545% | $267K | $422K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0509% | 1h | 163.81 | +1.418% | $54.1M | $37.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0666% | 1h | 163.92 | +1.486% | $279K | $437K | 10x | as long as short |
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
SoDEX MSTR-USD
Lighter MSTR
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
edgeX MSTRUSDC
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL