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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+0.0215%/8h= +23.6% APRnext payment +$0.27 per $10,000 · paid last 24h +0.059%
Price spread now: RISEx against Nado+0.054%54s7-day average +0.036% · 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—prices read too far apart to compare
costs, in and out, $10k−$320.319% of the position
Long on NadoShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.355%+$35 on $10k
Price spread, last 4 days (all we have)−0.583%−$58 · spread now +0.054%, 7d avg +0.036%
Together, before fees−0.228%+ Points / potential airdropNado: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSTR-PERP163.190.0185pay 0.0023% / 1h41m 43s$125K$165K3x
ShortRISEx MSTR/USDC163.280.0400get 0.0050% / 1h41m 43s$268K$417K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$45.24
Price spread: +0.054% → +0.036%
$1.78
Slippage, 4 orders
−$18.88
Fee Nado: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
$15.14
Costs to cover
0.319%
Break-even
4.7 days
Slippage from Nado: live order book, 56 min ago; RISEx: live order book, 56 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, 56 min ago4.90 bp8.4 bp −$856.0 bp −$560doesn't fitdoesn't fit
Sell RISEx live order book, 56 min ago0.61 bp3.6 bp −$44.4 bp −$44doesn't fitdoesn'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−0.0147%8h163.30+0.066%$30.3M$118.4M25xas long as short
Phemex MSTRUSDT0.0000%4h163.39+0.121%$2.7M$86K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.01−0.111%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.767%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.34+0.091%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.18−0.007%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.10−0.056%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.29+0.060%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.18−0.007%$904K$3.7M10xas long as short
Gate MSTR_USDT+0.0051%8h163.32+0.079%$4.7M$18.5M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.27+0.048%$1.3M$7.0M10xas long as short
Pacifica MSTR+0.0100%1h163.23+0.021%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.30+0.066%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.25+0.036%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.36+0.103%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.31+0.075%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.350%$1.4M$1.1M10xas long as short
Aster MSTRUSDT+0.0124%8h163.28+0.052%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0152%1h163.23+0.023%$3.5M$1.7M10xas long as short
Paradex MSTR-USD-PERP+0.0172%8h163.26+0.041%$65—5xas long as short
Nado MSTR-PERPlong+0.0185%1h163.19long leg$125K$165K3x
OKX MSTR-USDT-SWAP+0.0234%8h163.25+0.036%$20.9M$99.1M50xas long as short
Variational Omni MSTR+0.0237%8h163.36+0.102%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0322%8h163.28+0.054%$84.2M$619.3M50xas long as short
RISEx MSTR/USDCshort+0.0400%1h163.28+0.054%$268K$417K10x
BloFin MSTR-USDT+0.0438%8h163.31+0.072%$1.0M$2.1M20xas long as short
tradeXYZ xyz:MSTR+0.0442%1h163.24+0.029%$53.8M$37.6M10xas long as short
Phoenix MSTR+0.0460%1h163.51+0.192%$56K$223K10xas long as short
edgeX MSTRUSDC+0.0513%4h163.39+0.123%$47K$5.4M10xas long as short
Bybit MSTRUSDT+0.0580%8h163.30+0.066%$17.1M$41.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0792%8h163.50+0.186%$80K$848K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1221%1h163.39+0.121%$278K$430K10xas long as short