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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 07:00 UTC−0.0268%/8h= −29.4% APRpaid last 24h +0.147%
Price spread now: edgeX against Nado+0.225%62s7-day average +0.019% · 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−$780.783% of the position
Long on NadoShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.138%+$14 on $10k
Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.225%, 7d avg +0.019%
Together, before fees−0.100%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.206% dearer against Nado than usual: you sell high and buy low (spread +0.225% now, against its 7-day average of +0.019%): +$21 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 3 days funding on this pair paid +0.138%, so the current rate has only just turned against you. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSTR-PERP163.440.0318pay 0.0040% / 1h58m 01s$131K$157K3x
ShortedgeX MSTRUSDC163.800.0050get 0.0025% / 4h1h 58m$46K$5.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$56.33
Price spread: +0.225% → +0.019%
$20.6
Slippage, 4 orders
−$62.29
Fee Nado: 3.5 bp × 2 orders
−$7
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$114.02
Costs to cover
0.783%
Break-even
never at this rate
Slippage from Nado: live order book, 49 min ago; edgeX: live order book, 1 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 Nado live order book, 49 min ago8.25 bp24.8 bp −$2581.5 bp −$815doesn't fitdoesn't fit
Sell edgeX live order book, 1 min ago6.11 bp11.0 bp −$1117.9 bp −$179doesn'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−0.0926%8h163.85+0.252%$28.7M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.71+0.167%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.37−0.041%$2.8M$78K10xas long as short
Aster MSTRUSDT+0.0012%8h163.49+0.029%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.51+0.044%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.612%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.74+0.185%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0043%1h163.51+0.044%—$1.8M25xas long as short
edgeX MSTRUSDCshort+0.0050%4h163.80+0.225%$46K$5.4M10x
Polymarket Perps MSTR-USD+0.0050%1h163.58+0.087%$378K$2.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.57+0.081%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.64+0.124%$845K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.65+0.130%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.63+0.118%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.61+0.106%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.66+0.136%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.60+0.099%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.59+0.095%$136—10xas long as short
OKX MSTR-USDT-SWAP+0.0120%8h163.74+0.185%$20.8M$100.9M50xas long as short
Lighter MSTR+0.0136%1h163.56+0.075%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERP+0.0137%8h163.58+0.088%$65—5xas long as short
Variational Omni MSTR+0.0141%8h163.71+0.170%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.173%$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0208%1h163.55+0.069%$54.2M$37.5M10xas long as short
Binance MSTRUSDT+0.0213%8h163.70+0.164%$84.0M$629.0M50xas long as short
GRVT MSTR_USDT_Perp+0.0226%8h163.78+0.211%$83K$865K10xas long as short
Nado MSTR-PERPlong+0.0318%1h163.44long leg$131K$157K3x
BloFin MSTR-USDT+0.0332%8h163.50+0.038%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0362%1h163.73+0.181%$56K$219K10xas long as short
Bybit MSTRUSDT+0.0372%8h163.72+0.173%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h163.64+0.126%$263K$437K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1218%1h163.71+0.167%$278K$438K10xas long as short