MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.022%

Price spread now: Ondo Perps against Nado−0.049%7-day average −0.096% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.186%+$19 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now −0.049%, 7d avg −0.096%

Together, before fees−0.005%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.047% dearer against Nado than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.096%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days. Mind the row above: over the last 4 days funding on this pair paid +0.186%, 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	165.79	0.0060	pay 0.0007% / 1h	27m 54s	$127K	$127K	3x
Short	Ondo Perps MSTR-USD.P	165.71	0.0050	get 0.0006% / 1h	27m 54s	$852K	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee Ondo PerpsbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$1.99
Price spread: −0.049% → −0.096%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.29
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 17 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 17 min ago	16.24 bp	34.3 bp −$34	96.0 bp −$960	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 32 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.345%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.94	+0.089%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.96	+0.101%	$32.1M	$104.1M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.83	+0.023%	$2.8M	$82K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.86	+0.041%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.77	−0.011%	$509K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.87	+0.047%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	165.79	−0.001%	$1.3M	$5.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.84	+0.029%	$379K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.87	+0.047%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	165.71	−0.049%	$852K	$3.3M	10x
Nado MSTR-PERPlong	+0.0060%	1h	165.79	long leg	$127K	$127K	3x
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.80	+0.005%	$1.4M	$358K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.74	−0.033%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.81	+0.011%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.73	−0.037%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.90	+0.065%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.94	+0.092%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0108%	8h	165.79	−0.003%	$66	—	5x	as long as short
Bybit MSTRUSDT	+0.0191%	8h	165.94	+0.089%	$16.6M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0241%	1h	165.86	+0.041%	$54.8M	$33.9M	10x	as long as short
Aster MSTRUSDT	+0.0284%	8h	165.87	+0.047%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0286%	8h	165.89	+0.059%	$21.8M	$81.6M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	165.90	+0.067%	$55K	$213K	10x	as long as short
Variational Omni MSTR	+0.0379%	8h	165.88	+0.051%	$1.2M	$1.7M	—	as long as short
RISEx MSTR/USDC	+0.0436%	1h	165.90	+0.062%	$274K	$350K	10x	as long as short
Binance MSTRUSDT	+0.0467%	8h	165.91	+0.071%	$87.2M	$525.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0582%	8h	165.86	+0.041%	$81K	$878K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0594%	1h	165.96	+0.101%	$282K	$189K	10x	as long as short
BloFin MSTR-USDT	+0.0612%	8h	165.81	+0.011%	$1.1M	$2.0M	20x	as long as short
Arcus MSTR-USD	+0.0824%	1h	165.90	+0.065%	$26K	$71K	10x	as long as short
edgeX MSTRUSDC	+0.0946%	4h	165.86	+0.040%	$48K	$4.7M	10x	as long as short