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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−0.0264%/8h= −28.9% APRpaid last 24h −0.008%
Price spread now: KuCoin against Nado+0.046%7-day average −0.007% · 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−$104as in the Price arb table
costs, in and out, $10k−$1091.090% of the position
Long on NadoShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.257%−$26 · spread now +0.046%, 7d avg −0.007%
Together, before fees−0.246%+ Points / potential airdropNado: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.053% dearer against Nado than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.007%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.010% in total (about 1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSTR-PERP163.360.0364pay 0.0045% / 1h0m 19s$131K$157K3x
ShortKuCoin MSTRUSDTM163.440.0100get 0.0100% / 8h1h 00m$2.4M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$55.35
Price spread: +0.046% → −0.007%
$5.33
Slippage, 4 orders
−$90.02
Fee Nado: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$159.04
Costs to cover
1.090%
Break-even
never at this rate
Slippage from Nado: live order book, 42 min ago; KuCoin: live order book, 7 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, 42 min ago7.06 bp24.9 bp −$2581.3 bp −$813doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago1.53 bp20.5 bp −$20doesn't fitdoesn'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−0.0587%8h163.61+0.151%$29.2M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.60+0.144%$4.7M$19.8M50xas long as short
Phemex MSTRUSDT0.0000%4h163.54+0.108%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.34−0.012%$507K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.658%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.63+0.163%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.32−0.027%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.45+0.053%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.37+0.004%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.41+0.028%$846K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.34−0.015%$1.3M$7.2M10xas long as short
Aster MSTRUSDT+0.0063%8h163.32−0.026%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.33−0.020%$100K$88K10xas long as short
KuCoin MSTRUSDTMshort+0.0100%8h163.44+0.046%$2.4M$2.7M20x
ApeX Omni MSTRUSDT+0.0100%1h163.55+0.114%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.52+0.095%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.52+0.093%$136—10xas long as short
Lighter MSTR+0.0112%1h163.40+0.022%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.129%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0169%8h163.34−0.017%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0179%8h163.52+0.095%$20.8M$100.1M50xas long as short
Variational Omni MSTR+0.0187%8h163.34−0.017%$1.2M$2.1M—as long as short
Binance MSTRUSDT+0.0259%8h163.51+0.091%$84.0M$625.1M50xas long as short
tradeXYZ xyz:MSTR+0.0265%1h163.51+0.089%$54.1M$37.8M10xas long as short
GRVT MSTR_USDT_Perp+0.0272%8h163.63+0.160%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.78+0.255%$56K$223K10xas long as short
Nado MSTR-PERPlong+0.0364%1h163.36long leg$131K$157K3x
BloFin MSTR-USDT+0.0378%8h163.40+0.022%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.38+0.007%$266K$425K10xas long as short
Bybit MSTRUSDT+0.0405%8h163.59+0.138%$17.1M$41.8M50xas long as short
edgeX MSTRUSDC+0.0964%4h163.73+0.222%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1097%1h163.51+0.089%$278K$437K10xas long as short