MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0131%/8h= −14.4% APRnext payment −$0.16 per $10,000 · paid last 24h −0.004%

Price spread now: Pacifica against Nado+0.050%7-day average 0.000% · 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−$69as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Nado Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.188%+$19 on $10k

Price spread, last 4 days (all we have)−0.400%−$40 · spread now +0.050%, 7d avg 0.000%

Together, before fees−0.212%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.051% dearer against Nado than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of 0.000%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 3 days funding on this pair paid +0.188%, 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	164.60	0.0231	pay 0.0029% / 1h	57m 10s	$122K	$148K	3x
Short	Pacifica MSTR	164.68	0.0100	get 0.0013% / 1h	57m 10s	$101K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee NadobpFee PacificabpOrdersPrice spread, now +0.050%Rate

Funding earned: −$27.6
Price spread: +0.050% → 0.000%: $5.07
Slippage, 4 orders: −$59.22
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$96.75
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Nado: live order book, 60 min ago; Pacifica: live order book, 60 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, 60 min ago	6.66 bp	25.6 bp −$26	73.8 bp −$738	doesn't fit	doesn't fit
Sell Pacifica live order book, 60 min ago	0.03 bp	13.1 bp −$13	doesn't fit	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	−0.0906%	8h	164.79	+0.115%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.62	+0.009%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.75	+0.091%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.72	+0.073%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0024%	8h	164.72	+0.073%	$20.7M	$99.7M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.63	+0.018%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.56	−0.021%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.879%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.74	+0.085%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.66	+0.036%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.64	+0.024%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.66	+0.036%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.51	−0.055%	$859K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.71	+0.067%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0097%	8h	164.61	+0.004%	$1.2M	$2.1M	—	as long as short
Pacifica MSTRshort	+0.0100%	1h	164.68	+0.050%	$101K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	164.62	+0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	+0.012%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.67	+0.042%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.71	+0.065%	$137	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0128%	1h	164.64	+0.024%	$54.8M	$37.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.70	+0.062%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.70	+0.061%	$87.0M	$615.6M	50x	as long as short
edgeX MSTRUSDC	+0.0159%	4h	164.73	+0.081%	$49K	$5.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.292%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0179%	8h	164.77	+0.106%	$82K	$792K	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.76	+0.095%	$56K	$226K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.74	+0.085%	$267K	$445K	10x	as long as short
Nado MSTR-PERPlong	+0.0231%	1h	164.60	long leg	$122K	$148K	3x
BloFin MSTR-USDT	+0.0277%	8h	164.69	+0.054%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0345%	8h	164.74	+0.085%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0661%	1h	164.72	+0.073%	$280K	$438K	10x	as long as short