Funding arb · Price arb / RWA

MSTR

RWAAll MSTR markets →

LONGHTX▾Arcus −0.0540%Reya −0.0444%Injective −0.0440%Aster 0.0000%Binance 0.0000%Gate 0.0000%MEXC 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Phemex 0.0000%Lighter +0.0032%Extended +0.0032%Vest Markets +0.0046%Popdex +0.0048%tradeXYZ +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%OKX +0.0056%QFEX +0.0057%Avantis +0.0068%RISEx +0.0074%Paradex +0.0084%Phoenix +0.0094%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%AZverse +0.0121%Bybit +0.0176%KuCoin +0.0190%BingX +0.0287%Bitget +0.0293%Kraken Futures +0.0508%edgeX +0.0770%

⇄⇅

SHORTNado▾edgeX +0.0770%Kraken Futures +0.0508%Bitget +0.0293%BingX +0.0287%Nado +0.0239%KuCoin +0.0190%Bybit +0.0176%AZverse +0.0121%BloFin +0.0120%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Phoenix +0.0094%Paradex +0.0084%RISEx +0.0074%QFEX +0.0057%OKX +0.0056%Ondo Perps +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Popdex +0.0048%Vest Markets +0.0046%Lighter +0.0032%Extended +0.0032%Avantis −0.0032%Aster 0.0000%Binance 0.0000%Gate 0.0000%MEXC 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%Deribit 0.0000%Phemex 0.0000%Injective −0.0440%Reya −0.0444%Arcus −0.0540%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HTXMSTRX-USDT	144.72	0	0.0000% / 8h	3h 14m	$355K	$76K	50x	Long HTX
SHORT	NadoMSTR-PERP	144.78	+0.0239	get 0.0030% / 1h	14m 00s	$140K	$316K	3x	Short Nado20% off

Price gap+0.045%

Funding gap+0.0239% /8h

Both sides work: funding pays +$7 a day on $10k, and the gap is 0.119% above its 7d average: +$12 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.001% in total, about −0.0001%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.045%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

HTXNado

MSTR on 41 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

• !
  Watch: Thin at this size9.8 / 17.4 bp

  At $10k entering Nado costs 17.4 bp, fee and slippage, 1.8× HTX’s.
• i
  Note: Margin at max leverage$200 + $3,330

  HTX 50x, Nado 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long HTX · 8h$0.00

  Short Nado · 1h+$7.17

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$7.17Long HTX: 3 payments, $0.00; short Nado: 24 payments, +$7.17.
• ✓
  OK: Entry gap works for you+0.045% vs −0.075%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$140K vs $355K OI

  Nado sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legNado points

  Volume here counts toward the points program.
• !
  Watch: KYCHTX Limited · Nado No

  No ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0001%/8h × 21 periods−$0.11

Price spread+0.045% → −0.075% (7d avg)+$11.92

Slippage, 4 orderslive order books−$34.56

Fee HTX bp × 2 orders−$12.00

Fee Nado bp × 2 orders−$7.00

Net · 7 days · $10k−$41.75

Costs to cover0.536%Break-evennever at this rate

Slippage: HTX: live order book, 23 min ago; Nado: live order book, 23 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGHTX3.099.8 bp−$1011.8 bp−$118doesn’t fitdoesn’t fit

SELL · SHORTNado4.1217.4 bp−$1737.9 bp−$379doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchangeSearch all news →

10-28 17:38	QFEX	Other	Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-28 14:43	RISEx	Other	Post-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗
10-28 14:43	RISEx	Points	Print Week on RISEx. $HOOD has reported $GOOGL reports tonight $SNDK, $INTC and $MSTR report tomorrow Whatever your read is, trade all five with a 20% points boost through 04th November @risextrade on X ↗
10-28 10:00	GMX	Other	Big tech earnings week: Oct 28: $MSFT, $GOOGL after the close, hours after the Fed decision Oct 29: $AMZN, $MSTR after the close Nov 2: $AAPL, John Ternus’ first call as CEO Watch cloud growth, AI spend, and holiday guidance. All five trade as Solana perps. @GMX_IO on X ↗
10-27 21:16	BingX	Other	Earnings season is heating up for $HOOD and $MSTR 🏦 See what could drive their next moves 👇 @BingXOfficial on X ↗
10-27 15:08	tradeXYZ	Other	Earnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗