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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 09:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.024%
Price spread now: Polymarket Perps against Nado−0.023%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Long on NadoShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.187%+$19 on $10k
Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.023%, 7d avg −0.006%
Together, before fees+0.239%+ Points / potential airdropNado: Active · farm board+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.187%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSTR-PERP163.270.0162pay 0.0020% / 1h47m 09s$125K$165K3x
ShortPolymarket Perps MSTR-USD163.230.0050get 0.0006% / 1h47m 09s$377K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
−$23.54
Price spread: −0.023% → −0.006%
−$1.68
Slippage, 4 orders
−$24.99
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$65.21
Costs to cover
0.400%
Break-even
never at this rate
Slippage from Nado: live order book, 50 min ago; Polymarket Perps: live order book, 17 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, 50 min ago4.90 bp8.4 bp −$856.0 bp −$560doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 17 min ago2.45 bp6.8 bp −$77.5 bp −$7510.5 bp −$1,048doesn'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−0.0224%8h163.51+0.149%$30.1M$118.5M25xas long as short
Phemex MSTRUSDT0.0000%4h163.36+0.057%$2.7M$85K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.270.000%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.719%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.58+0.191%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.42+0.093%—$1.7M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.23−0.023%$377K$2.7M10x
SoDEX MSTR-USD+0.0050%1h163.37+0.063%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.39+0.075%$892K$3.7M10xas long as short
QFEX MSTR-USD+0.0061%1h163.51+0.149%$1.3M$7.0M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MSTR_USDT+0.0088%8h163.52+0.155%$4.7M$18.4M50xas long as short
Pacifica MSTR+0.0100%1h163.48+0.131%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.47+0.124%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.36+0.057%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.40+0.081%$3K$13K10xas long as short
Lighter MSTR+0.0104%1h163.38+0.069%$3.5M$1.7M10xas long as short
Aevo MSTR-PERP+0.0104%1h163.39+0.075%$136—10xas long as short
Aster MSTRUSDT+0.0117%8h163.54+0.169%$1.8M$8.7M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.397%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0159%8h163.53+0.160%$65—5xas long as short
Nado MSTR-PERPlong+0.0162%1h163.27long leg$125K$165K3x
Variational Omni MSTR+0.0218%8h163.95+0.417%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0224%8h163.43+0.100%$20.9M$99.3M50xas long as short
Binance MSTRUSDT+0.0315%8h163.41+0.087%$84.2M$619.0M50xas long as short
RISEx MSTR/USDC+0.0400%1h163.53+0.162%$269K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0418%1h163.46+0.118%$53.9M$37.5M10xas long as short
BloFin MSTR-USDT+0.0435%8h163.41+0.087%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.65+0.232%$56K$223K10xas long as short
edgeX MSTRUSDC+0.0570%4h163.65+0.235%$47K$5.4M10xas long as short
Bybit MSTRUSDT+0.0644%8h163.45+0.112%$17.1M$41.3M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0976%1h163.33+0.038%$278K$432K10xas long as short
GRVT MSTR_USDT_Perp+0.1038%8h163.62+0.218%$80K$848K10xas long as short