Funding you earn now, next payment 09:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.009%
Price spread now: ApeX Omni against Nado+0.053%61s7-day average +0.009% · 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—prices read too far apart to compare
costs, in and out, $10k−$1191.186% of the position
Funding, last 4 days (all we have)+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.053%, 7d avg +0.009%
=Together, before fees−0.075%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.044% dearer against Nado than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of +0.009%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours. Mind the row above: over the last 4 days funding on this pair paid +0.123%, so the current rate has only just turned against you. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 162.79 | 0.0195 | pay 0.0024% / 1h | 35m 42s | $125K | $165K | 3x |
| Short | ApeX Omni MSTRUSDT | 162.88 | 0.0100 | get 0.0013% / 1h | 35m 42s | $6K | $182K | 50x |
Nado MSTR-PERP
ApeX Omni MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Nado. 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
- −$19.91
- Price spread: +0.053% → +0.009%
- $4.43
- Slippage, 4 orders
- −$101.63
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$134.11
- Costs to cover
- 1.186%
- Break-even
- never at this rate
Slippage from Nado: live order book, 62 min ago; ApeX Omni: live order book, 8 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 Nado live order book, 62 min ago | 4.90 bp | 8.4 bp −$8 | 56.0 bp −$560 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 8 min ago | 3.06 bp | 46.9 bp −$47 | doesn't fit | 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 | −0.0074% | 8h | 163.10 | +0.189% | $30.4M | $118.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.10 | +0.189% | $4.7M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.07 | +0.170% | $2.7M | $86K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.83 | +0.024% | $593K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.022% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.07 | +0.170% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.81 | +0.010% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.92 | +0.078% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.99 | +0.121% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.87 | +0.047% | $902K | $3.7M | 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
SoDEX 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 | +0.0061% | 1h | 163.02 | +0.139% | $1.3M | $7.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.94 | +0.093% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.97 | +0.109% | $2.3M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.0100% | 1h | 162.88 | +0.053% | $6K | $182K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.03 | +0.146% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.03 | +0.143% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.106% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0130% | 8h | 163.01 | +0.135% | $1.8M | $8.7M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0179% | 8h | 162.98 | +0.112% | $65 | — | 5x | as long as short |
| Lighter MSTR | +0.0192% | 1h | 163.00 | +0.127% | $3.5M | $1.7M | 10x | as long as short |
| Nado MSTR-PERPlong | +0.0195% | 1h | 162.79 | long leg | $125K | $165K | 3x | |
| OKX MSTR-USDT-SWAP | +0.0236% | 8h | 163.02 | +0.139% | $20.8M | $98.4M | 50x | as long as short |
| Variational Omni MSTR | +0.0245% | 8h | 163.03 | +0.144% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0325% | 8h | 163.03 | +0.144% | $84.4M | $618.4M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.03 | +0.146% | $268K | $402K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0444% | 8h | 162.99 | +0.121% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0450% | 1h | 162.98 | +0.115% | $53.7M | $37.5M | 10x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 163.24 | +0.274% | $55K | $223K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0487% | 4h | 163.17 | +0.230% | $47K | $5.4M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0596% | 8h | 163.13 | +0.204% | $84K | $853K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0650% | 8h | 163.07 | +0.170% | $17.1M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0794% | 1h | 163.02 | +0.139% | $277K | $430K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Paradex MSTR-USD-PERP
Lighter MSTR
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
RISEx MSTR/USDC
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
GRVT MSTR_USDT_Perp
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL