Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0184%/8h= −20.2% APRpaid last 24h +0.012%
Price spread now: OKX against Nado+0.009%7-day average +0.025% · 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−$68as in the Price arb table
costs, in and out, $10k−$670.667% of the position
Long on NadoShort on OKX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.060%+$6 on $10k
Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.009%, 7d avg +0.025%
Together, before fees−0.121%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.060%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.060% in total (about 6.3% 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-PERP163.620.0360pay 0.0045% / 1h3m 25s$131K$157K3x
ShortOKX MSTR-USDT-SWAP163.640.0175get 0.0175% / 8h1h 03m$20.9M$100.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$38.72
Price spread: +0.009% → +0.025%
−$1.54
Slippage, 4 orders
−$49.69
Fee Nado: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$106.95
Costs to cover
0.667%
Break-even
never at this rate
Slippage from Nado: live order book, 39 min ago; OKX: live order book, 5 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, 39 min ago7.06 bp24.9 bp −$2581.3 bp −$813doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.31 bp6.0 bp −$67.0 bp −$7048.8 bp −$4,884doesn'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−0.0605%8h163.74+0.070%$29.2M$118.7M25xas long as short
Gate MSTR_USDT0.0000%8h163.79+0.101%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.69+0.040%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.54−0.052%$507K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.493%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.77+0.089%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.63+0.003%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.68+0.034%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.69+0.040%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.41−0.131%$847K$3.8M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.74+0.070%$1.3M$7.2M10xas long as short
Aster MSTRUSDT+0.0060%8h163.54−0.051%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.69+0.042%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.64+0.009%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.55−0.046%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.59−0.021%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.620.000%$136—10xas long as short
Lighter MSTR+0.0112%1h163.71+0.052%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.286%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0167%8h163.66+0.021%$65—5xas long as short
OKX MSTR-USDT-SWAPshort+0.0175%8h163.64+0.009%$20.9M$100.3M50x
Variational Omni MSTR+0.0182%8h163.75+0.074%$1.2M$2.1M—as long as short
tradeXYZ xyz:MSTR+0.0248%1h163.68+0.034%$54.1M$37.8M10xas long as short
Binance MSTRUSDT+0.0257%8h163.67+0.028%$84.1M$625.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0271%8h163.74+0.069%$76K$865K10xas long as short
Phoenix MSTR+0.0328%1h163.78+0.095%$56K$223K10xas long as short
Nado MSTR-PERPlong+0.0360%1h163.62long leg$131K$157K3x
BloFin MSTR-USDT+0.0376%8h163.77+0.089%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.74+0.070%$266K$426K10xas long as short
Bybit MSTRUSDT+0.0399%8h163.70+0.046%$17.1M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0851%1h163.69+0.040%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0963%4h163.78+0.092%$46K$5.4M10xas long as short