MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0121%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.043%

Price spread now: QFEX against Nado+0.081%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−$29as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Nado Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.359%−$36 · spread now +0.081%, 7d avg 0.000%

Together, before fees−0.328%+ Points / potential airdropNado: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and QFEX is 0.081% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSTR-PERP	169.23	−0.0079	get 0.0010% / 1h	20m 11s	$139K	$97K	3x
Short	QFEX MSTR-USD	169.37	0.0042	get 0.0005% / 1h	20m 11s	$1.5M	$10.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $25.48
Price spread: +0.081% → 0.000%: $8.12
Slippage, 4 orders: −$19.63
Fee Nado: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$3.04
Costs to cover: 0.366%
Break-even: 7.8 days

Slippage from Nado: live order book, 62 min ago; QFEX: live order book, 4 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, 62 min ago	5.90 bp	12.6 bp −$13	68.5 bp −$685	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.18 bp	6.2 bp −$6	6.2 bp −$62	12.5 bp −$1,247	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
Nado MSTR-PERPlong	−0.0079%	1h	169.23	long leg	$139K	$97K	3x
Aster MSTRUSDT	0.0000%	8h	169.18	−0.031%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.29	+0.034%	$89.4M	$629.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.31	+0.046%	$22.1M	$107.0M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.35	+0.072%	$276K	$442K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.29	+0.034%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.35	+0.072%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.29	+0.035%	$83K	$935K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.26	+0.016%	$2.9M	$62K	10x	as long as short
BloFin MSTR-USDT	+0.0020%	8h	169.47	+0.140%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.21	−0.013%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.22	−0.005%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0035%	8h	169.28	+0.028%	$28.8M	$119.5M	25x	as long as short
QFEX MSTR-USDshort	+0.0042%	1h	169.37	+0.081%	$1.5M	$10.2M	10x
Vest MSTR-USD-PERP	+0.0046%	1h	169.37	+0.081%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.30	+0.040%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.25	+0.010%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.16	−0.043%	$782K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.338%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0063%	8h	169.32	+0.052%	$15.2M	$40.8M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0084%	8h	169.31	+0.047%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0091%	1h	169.29	+0.034%	$57.0M	$37.7M	10x	as long as short
edgeX MSTRUSDC	+0.0099%	4h	169.17	−0.038%	$47K	$5.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.26	+0.014%	$104K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.17	−0.037%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.06	−0.102%	$4K	$552K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.27	+0.022%	$3K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.28	+0.030%	$141	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	168.76	−0.278%	$56K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	+0.034%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.41	+0.105%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0696%	1h	169.28	+0.028%	$288K	$439K	10x	as long as short