MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0665%/8h= +72.9% APRnext payment +$0.83 per $10,000 · paid last 24h +0.181%

Price spread now: Deribit against Nado+0.066%7-day average +0.060% · 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−$78as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.592%+$59 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.066%, 7d avg +0.060%

Together, before fees+0.586%+ Points / potential airdropNado: Active · farm board+$59 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$20 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	164.15	0.0243	pay 0.0030% / 1h	50m 21s	$121K	$148K	3x
Short	Deribit MSTR_USDC-PERPETUAL	164.26	0.0908	get 0.0114% / 1h	50m 21s	$279K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $139.75
Price spread: +0.066% → +0.060%: $0.59
Slippage, 4 orders: −$64.68
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $61.65
Costs to cover: 0.787%
Break-even: 3.9 days

Slippage from Nado: live order book, 2 min ago; Deribit: live order book, 3 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, 2 min ago	5.77 bp	26.6 bp −$27	84.3 bp −$843	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	5.77 bp	12.3 bp −$12	13.5 bp −$135	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	−0.0884%	8h	164.43	+0.169%	$27.9M	$115.3M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.23	+0.048%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.27	+0.072%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.28	+0.078%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0030%	8h	164.30	+0.090%	$20.7M	$99.4M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.03	−0.071%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.161%	$8K	$26K	30x	as long as short
Lighter MSTR	+0.0040%	1h	164.24	+0.054%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.61	+0.279%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.20	+0.029%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.26	+0.066%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.29	+0.084%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.30	+0.090%	$858K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.33	+0.109%	$1.4M	$7.3M	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	164.47	+0.192%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.29	+0.082%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.19	+0.023%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.55	+0.243%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.17	+0.011%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.22	+0.039%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.25	+0.063%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0159%	8h	164.24	+0.056%	$86.7M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.019%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0171%	8h	164.74	+0.358%	$82K	$792K	10x	as long as short
edgeX MSTRUSDC	+0.0179%	4h	164.56	+0.249%	$49K	$5.3M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0227%	1h	164.21	+0.035%	$54.7M	$37.0M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.31	+0.095%	$266K	$445K	10x	as long as short
Nado MSTR-PERPlong	+0.0243%	1h	164.15	long leg	$121K	$148K	3x
BloFin MSTR-USDT	+0.0277%	8h	164.44	+0.176%	$1.0M	$2.0M	20x	as long as short
Phoenix MSTR	+0.0340%	1h	164.59	+0.266%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0342%	8h	164.29	+0.084%	$16.8M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0908%	1h	164.26	+0.066%	$279K	$438K	10x