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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 08:00 UTC+0.0317%/8h= +34.7% APRpaid last 24h +0.008%
Price spread now: Nado against KuCoin−0.107%7-day average +0.007% · 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−$120as in the Price arb table
costs, in and out, $10k−$1091.090% of the position
Long on KuCoinShort on Nado
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.010%−$1 on $10k
Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.107%, 7d avg +0.007%
Together, before fees+0.307%+ Points / potential airdropNado: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.114% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of +0.007%). If the spread goes back, that is −$11 on $10k: about 29 hours of funding at the current rate (+$10 a day).
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.010% in total (about -1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSTRUSDTM163.420.0100pay 0.0100% / 8h59m 17s$2.4M$2.7M20x
ShortNado MSTR-PERP163.240.0417get 0.0052% / 1h59m 17s$130K$157K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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
$66.6
Price spread: −0.107% → +0.007%
−$11.4
Slippage, 4 orders
−$90.02
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$53.82
Costs to cover
1.090%
Break-even
12.7 days
Slippage from KuCoin: live order book, 8 min ago; Nado: live order book, 43 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 KuCoin live order book, 8 min ago1.53 bp35.1 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Nado live order book, 43 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−0.0581%8h163.59+0.104%$29.1M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.51+0.055%$4.7M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.48+0.037%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.24−0.113%$507K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.623%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.62+0.122%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.31−0.067%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.38−0.024%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.44+0.012%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.37−0.031%$846K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.44+0.012%$1.3M$7.2M10xas long as short
Aster MSTRUSDT+0.0065%8h163.30−0.073%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.48+0.039%$100K$88K10xas long as short
KuCoin MSTRUSDTMlong+0.0100%8h163.42long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.20−0.135%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.43+0.006%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.46+0.022%$136—10xas long as short
Lighter MSTR+0.0112%1h163.40−0.012%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.163%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0172%8h163.38−0.026%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0184%8h163.46+0.024%$20.8M$100.0M50xas long as short
Variational Omni MSTR+0.0187%8h163.34−0.051%$1.2M$2.1M—as long as short
Binance MSTRUSDT+0.0261%8h163.45+0.017%$84.0M$625.0M50xas long as short
GRVT MSTR_USDT_Perp+0.0274%8h163.40−0.012%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.53+0.066%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0381%8h163.43+0.006%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0406%8h163.49+0.043%$17.1M$41.8M50xas long as short
Nado MSTR-PERPshort+0.0417%1h163.24−0.107%$130K$157K3x
edgeX MSTRUSDC+0.0472%4h163.41−0.006%$46K$5.4M10xas long as short
RISEx MSTR/USDC+0.0493%1h163.47+0.031%$266K$425K10xas long as short
tradeXYZ xyz:MSTR+0.0594%1h163.46+0.024%$54.1M$37.8M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0852%1h163.52+0.061%$278K$437K10xas long as short