MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.013%

Price spread now: Coinbase International against Nado−0.036%7-day average −0.046% · 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−$83as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.169%+$17 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.036%, 7d avg −0.046%

Together, before fees+0.240%+ Points / potential airdropNado: Active · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSTR-PERP	169.38	0.0040	pay 0.0005% / 1h	46m 51s	$140K	$97K	3x
Short	Coinbase International MSTR-PERP-INTX	169.32	0.0096	get 0.0012% / 1h	46m 51s	$1.5M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Nado. 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 NadobpFee Coinbase InternationalbpOrdersPrice spread, now −0.036%Rate

Funding earned: $11.72
Price spread: −0.036% → −0.046%: $0.95
Slippage, 4 orders: −$66.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$71.16
Costs to cover: 0.838%
Break-even: 49.5 days

Slippage from Nado: live order book, 31 min ago; Coinbase International: live order book, 2 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, 31 min ago	7.39 bp	31.5 bp −$32	87.6 bp −$876	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	8.56 bp	13.6 bp −$14	18.4 bp −$184	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
Aster MSTRUSDT	0.0000%	8h	169.47	+0.053%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.56	+0.105%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.49	+0.066%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.54	+0.094%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.49	+0.064%	$276K	$442K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0004%	8h	169.42	+0.025%	$83K	$875K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0005%	8h	169.65	+0.159%	$22.1M	$106.8M	50x	as long as short
BloFin MSTR-USDT	+0.0032%	8h	169.61	+0.135%	$1.1M	$1.8M	20x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.25	−0.078%	$583K	$1.8M	10x	as long as short
Binance MSTRUSDT	+0.0033%	8h	169.58	+0.118%	$89.5M	$628.8M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MSTR-PERPlong	+0.0040%	1h	169.38	long leg	$140K	$97K	3x
Vest MSTR-USD-PERP	+0.0046%	1h	169.61	+0.135%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.51	+0.076%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.41	+0.017%	$393K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.49	+0.064%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.24	−0.083%	$782K	$5.2M	10x	as long as short
Bitget MSTRUSDT	+0.0055%	8h	169.60	+0.129%	$28.7M	$120.6M	25x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0096%	1h	169.32	−0.036%	$1.5M	$1.2M	10x
Pacifica MSTR	+0.0100%	1h	169.50	+0.068%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.35	−0.018%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.21	−0.101%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.49	+0.064%	$3K	$11K	10x	as long as short
Bybit MSTRUSDT	+0.0100%	8h	169.58	+0.117%	$15.2M	$40.5M	50x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.178%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.49	+0.063%	$141	—	10x	as long as short
Lighter MSTR	+0.0120%	1h	169.50	+0.070%	$3.6M	$2.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0123%	8h	169.45	+0.038%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0172%	1h	169.48	+0.058%	$57.2M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.50	+0.072%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0491%	4h	169.40	+0.010%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.54	+0.094%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0754%	1h	169.54	+0.094%	$288K	$438K	10x	as long as short