Funding you earn now, next payment 06:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.147%
Price spread now: Nado against edgeX+0.123%7-day average −0.019% · 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−$63as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 3 days (all we have)−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.123%, 7d avg −0.019%
=Together, before fees−0.248%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.142% dearer against edgeX than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.019%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 163.05 | 0.0460 | pay 0.0230% / 4h | 2h 12m | $45K | $5.4M | 10x |
| Short | Nado MSTR-PERP | 163.25 | 0.0339 | get 0.0042% / 1h | 12m 41s | $130K | $157K | 3x |
edgeX MSTRUSDC
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against edgeX. 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
- −$25.47
- Price spread: +0.123% → −0.019%
- $14.17
- Slippage, 4 orders
- −$61.22
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$88.52
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 1 min ago; Nado: live order book, 35 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 edgeX live order book, 1 min ago | 5.51 bp | 10.5 bp −$10 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Nado live order book, 35 min ago | 8.25 bp | 31.4 bp −$31 | 85.6 bp −$856 | 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 | −0.1256% | 8h | 163.75 | +0.429% | $27.9M | $118.8M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.58 | +0.325% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.47 | +0.257% | $2.8M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0006% | 8h | 163.26 | +0.131% | $1.8M | $8.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0020% | 1h | 163.09 | +0.024% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.32 | +0.165% | $500K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.857% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.05 | −0.001% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.32 | +0.165% | $377K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.93 | −0.074% | $870K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 163.34 | +0.177% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.36 | +0.190% | $263K | $444K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.54 | +0.298% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.32 | +0.165% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.99 | −0.037% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.33 | +0.171% | $4K | $9K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.32 | +0.163% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0110% | 8h | 163.65 | +0.367% | $20.7M | $100.8M | 50x | as long as short |
| Variational Omni MSTR | +0.0132% | 8h | 162.96 | −0.057% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 163.52 | +0.285% | $65 | — | 5x | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.51 | +0.282% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −0.939% | $1.4M | $1.1M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0174% | 1h | 163.35 | +0.183% | $43K | $3K | 10x | as long as short |
| Binance MSTRUSDT | +0.0214% | 8h | 163.60 | +0.335% | $84.0M | $628.5M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0220% | 8h | 163.14 | +0.055% | $79K | $857K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0282% | 1h | 163.45 | +0.245% | $54.3M | $37.3M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0329% | 8h | 163.38 | +0.202% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERPshort | +0.0339% | 1h | 163.25 | +0.123% | $130K | $157K | 3x | |
| Phoenix MSTR | +0.0362% | 1h | 163.21 | +0.098% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0380% | 8h | 163.63 | +0.355% | $16.8M | $41.9M | 50x | as long as short |
| edgeX MSTRUSDClong | +0.0460% | 4h | 163.05 | long leg | $45K | $5.4M | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0914% | 1h | 163.45 | +0.245% | $278K | $438K | 10x | as long as short |
QFEX MSTR-USD
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Paradex MSTR-USD-PERP
Lighter MSTR
Coinbase International MSTR-PERP-INTX
SoDEX MSTR-USD
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL