Funding you earn now, next payment 08:00 UTC−0.0300%/8h= −32.9% APRnext payment −$0.38 per $10,000 · paid last 24h −0.025%
Price spread now: Extended against Nado−0.154%7-day average −0.064% · 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−$73as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 4 days (all we have)+0.153%+$15 on $10k
+Price spread, last 4 days (all we have)−1.125%−$113 · spread now −0.154%, 7d avg −0.064%
=Together, before fees−0.972%+ Points / potential airdropNado: Active · Extended: Active · farm board−$97 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.090% cheaper against Nado than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.064%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.153%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 163.91 | 0.0332 | pay 0.0042% / 1h | 40m 01s | $126K | $165K | 3x |
| Short | Extended MSTR_24_5-USD | 163.66 | 0.0032 | get 0.0004% / 1h | 40m 01s | $502K | $2.0M | 10x |
Nado MSTR-PERP
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$63.01
- Price spread: −0.154% → −0.064%
- −$9.01
- Slippage, 4 orders
- −$51.65
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$135.68
- Costs to cover
- 0.637%
- Break-even
- never at this rate
Slippage from Nado: live order book, 62 min ago; Extended: 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, 62 min ago | 7.06 bp | 24.9 bp −$25 | 81.3 bp −$813 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 1.22 bp | 5.5 bp −$6 | 26.5 bp −$265 | 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 | −0.0403% | 8h | 163.97 | +0.035% | $29.5M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.92 | +0.004% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.88 | −0.020% | $2.8M | $82K | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 163.66 | −0.154% | $502K | $2.0M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.311% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.14 | +0.138% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.00 | +0.053% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.92 | +0.004% | $379K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.79 | −0.075% | $868K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.01 | +0.059% | $1.3M | $7.1M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | +0.0079% | 8h | 163.76 | −0.094% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.00 | +0.055% | $101K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.85 | −0.038% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.93 | +0.010% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.88 | −0.020% | $2K | $13K | 10x | as long as short |
| SoDEX MSTR-USD | +0.0100% | 1h | 163.89 | −0.014% | $43K | $3K | 10x | as long as short |
| Lighter MSTR | +0.0104% | 1h | 163.82 | −0.057% | $3.5M | $2.0M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.91 | −0.001% | $136 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 161.52 | −1.460% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0173% | 8h | 164.01 | +0.062% | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0199% | 8h | 163.89 | −0.014% | $20.9M | $100.2M | 50x | as long as short |
| Variational Omni MSTR | +0.0202% | 8h | 164.04 | +0.079% | $1.2M | $2.0M | — | as long as short |
| edgeX MSTRUSDC | +0.0258% | 4h | 164.02 | +0.068% | $46K | $5.4M | 10x | as long as short |
| Binance MSTRUSDT | +0.0273% | 8h | 163.84 | −0.044% | $84.4M | $621.2M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0285% | 8h | 164.08 | +0.102% | $85K | $849K | 10x | as long as short |
| Nado MSTR-PERPlong | +0.0332% | 1h | 163.91 | long leg | $126K | $165K | 3x | |
| Phoenix MSTR | +0.0357% | 1h | 164.20 | +0.174% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0392% | 8h | 164.11 | +0.120% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0418% | 8h | 163.87 | −0.026% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 164.01 | +0.062% | $267K | $422K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0509% | 1h | 163.90 | −0.008% | $54.2M | $37.8M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0666% | 1h | 163.92 | +0.004% | $279K | $437K | 10x | as long as short |
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
SoDEX MSTR-USD
Lighter MSTR
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
edgeX MSTRUSDC
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL