MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0351%/8h= −38.4% APRnext payment −$0.44 per $10,000 · paid last 24h −0.015%

Price spread now: Nado against Injective+0.201%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.201% dearer against Injective than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.49	0.0235	pay 0.0029% / 1h	56m 48s	$13K	$21K	30x
Short	Nado MSTR-PERP	169.83	−0.0116	pay 0.0014% / 1h	56m 48s	$140K	$97K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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

Position, each leg$Hold fordaysFee InjectivebpFee NadobpOrdersPrice spread, now +0.201%Rate

Funding earned: −$73.73
Price spread: +0.201% → 0.000%: $20.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$60.63
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Nado: live order book, 16 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 16 min ago	4.15 bp	11.3 bp −$11	69.4 bp −$694	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado MSTR-PERPshort	−0.0116%	1h	169.83	+0.201%	$140K	$97K	3x
Aster MSTRUSDT	0.0000%	8h	169.56	+0.042%	$1.3M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.63	+0.083%	$22.0M	$104.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.63	+0.083%	$4.7M	$18.8M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.44	−0.028%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.66	+0.100%	$2.9M	$66K	10x	as long as short
Bitget MSTRUSDT	+0.0031%	8h	169.56	+0.041%	$28.7M	$116.5M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.72	+0.136%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.48	−0.008%	$581K	$1.7M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	169.85	+0.212%	$1.5M	$10.2M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus MSTR-USD	+0.0040%	1h	169.64	+0.089%	$27K	$123K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	170.06	+0.336%	—	$2.1M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0046%	8h	169.55	+0.037%	$77K	$871K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.65	+0.094%	$400K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.73	+0.142%	$764K	$5.2M	10x	as long as short
BloFin MSTR-USDT	+0.0057%	8h	169.81	+0.189%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0070%	8h	169.67	+0.106%	$89.6M	$625.5M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.437%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0094%	8h	169.77	+0.164%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.82	+0.197%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.55	+0.035%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.29	−0.118%	$4K	$223K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.80	+0.183%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.58	+0.052%	$141	—	10x	as long as short
Bybit MSTRUSDT	+0.0136%	8h	169.72	+0.136%	$15.2M	$40.0M	50x	as long as short
SoDEX MSTR-USD	+0.0197%	1h	169.77	+0.165%	$45K	$3K	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0235%	1h	169.49	long leg	$13K	$21K	30x
Phoenix MSTR	+0.0260%	1h	169.47	−0.010%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.88	+0.233%	$277K	$440K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0356%	1h	169.56	+0.041%	$57.2M	$37.0M	10x	as long as short
edgeX MSTRUSDC	+0.0365%	4h	169.54	+0.030%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0457%	1h	169.79	+0.177%	$289K	$438K	10x	as long as short