Funding arb · Price arb / RWA

MSTR

RWAAll MSTR markets →

LONGNado▾Reya −0.0681%Injective −0.0440%Arcus −0.0213%Gate 0.0000%Variational Omni 0.0000%SunX 0.0000%Phemex 0.0000%RISEx +0.0017%MEXC +0.0022%Binance +0.0026%Deribit +0.0028%QFEX +0.0028%Aster +0.0032%Lighter +0.0032%Vest Markets +0.0046%Popdex +0.0048%tradeXYZ +0.0050%Polymarket Perps +0.0050%Ondo Perps +0.0050%GRVT +0.0067%Avantis +0.0068%Extended +0.0080%OKX +0.0081%BloFin +0.0090%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Paradex +0.0103%Aevo +0.0104%SoDEX +0.0125%AZverse +0.0140%Phoenix +0.0142%edgeX +0.0185%TxFlow +0.0185%Nado +0.0273%KuCoin +0.0311%Bybit +0.0320%BingX +0.0333%Bitget +0.0354%Kraken Futures +0.0390%

⇄⇅

SHORTHTX▾Kraken Futures +0.0390%Bitget +0.0354%BingX +0.0333%Bybit +0.0320%KuCoin +0.0311%TxFlow +0.0185%edgeX +0.0185%Phoenix +0.0142%AZverse +0.0140%SoDEX +0.0125%Aevo +0.0104%Paradex +0.0103%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%BloFin +0.0090%OKX +0.0081%Extended +0.0080%GRVT +0.0067%Ondo Perps +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%Popdex +0.0048%Vest Markets +0.0046%Lighter +0.0032%Avantis −0.0032%Aster +0.0032%QFEX +0.0028%Deribit +0.0028%Binance +0.0026%MEXC +0.0022%RISEx +0.0017%HTX +0.0008%Gate 0.0000%Variational Omni 0.0000%SunX 0.0000%Phemex 0.0000%Arcus −0.0213%Injective −0.0440%Reya −0.0681%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	NadoMSTR-PERP	144.10	+0.0273	pay 0.0034% / 1h	3m 33s	$140K	$327K	3x	Long Nado20% off
SHORT	HTXMSTRX-USDT	144.49	+0.0008	get 0.0008% / 8h	4h 03m	$354K	$72K	50x	Short HTX

Price gap+0.272%

Funding gap−0.0265% /8h

The gap pays +$20 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 2.5 days.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.004% in total, about +0.0002%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.272%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

NadoHTX

MSTR on 41 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• ✓
  OK: Fits both order books13.4 / 8.8 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$3,330 + $200

  Nado 3x, HTX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Nado · 1h−$8.20

  Short HTX · 8h+$0.25

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$7.95Long Nado: 24 payments, −$8.20; short HTX: 3 payments, +$0.25.
• ✓
  OK: Entry gap works for you+0.272% vs +0.075%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$140K vs $354K OI

  Nado sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legNado points

  Volume here counts toward the points program.
• !
  Watch: KYCNado No · HTX Limited

  No ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0002%/8h × 21 periods+$0.39

Price spread+0.272% → +0.075% (7d avg)+$19.71

Slippage, 4 orderslive order books−$26.21

Fee Nado bp × 2 orders−$7.00

Fee HTX bp × 2 orders−$12.00

Net · 7 days · $10k−$25.11

Costs to cover0.452%Break-even454.7 days

Slippage: Nado: live order book, 38 min ago; HTX: live order book, 39 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGNado2.8513.4 bp−$1330.8 bp−$308doesn’t fitdoesn’t fit

SELL · SHORTHTX2.858.8 bp−$918.0 bp−$180doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchangeSearch all news →

10-28 17:38	QFEX	Other	Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-28 14:43	RISEx	Other	Post-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗
10-28 14:43	RISEx	Points	Print Week on RISEx. $HOOD has reported $GOOGL reports tonight $SNDK, $INTC and $MSTR report tomorrow Whatever your read is, trade all five with a 20% points boost through 04th November @risextrade on X ↗
10-28 10:00	GMX	Other	Big tech earnings week: Oct 28: $MSFT, $GOOGL after the close, hours after the Fed decision Oct 29: $AMZN, $MSTR after the close Nov 2: $AAPL, John Ternus’ first call as CEO Watch cloud growth, AI spend, and holiday guidance. All five trade as Solana perps. @GMX_IO on X ↗
10-27 21:16	BingX	Other	Earnings season is heating up for $HOOD and $MSTR 🏦 See what could drive their next moves 👇 @BingXOfficial on X ↗
10-27 15:08	tradeXYZ	Other	Earnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗