MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.005%

Price spread now: SoDEX against Nado−0.043%47s7-day average — · you buy dearer than you sell

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

Long on Nado Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.043% cheaper against Nado than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 40 hours of funding at the current rate (+$3 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSTR-PERP	168.81	−0.0036	get 0.0004% / 1h	20m 23s	$139K	$97K	3x
Short	SoDEX MSTR-USD	168.74	0.0050	get 0.0006% / 1h	20m 23s	$44K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $18.05
Price spread: −0.043% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$1.2
Costs to cover: 0.150%
Break-even: 7.5 days

Slippage unknown: Nado: live order book, 57 min ago; SoDEX: 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, 57 min ago	7.39 bp	31.5 bp −$32	87.6 bp −$876	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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	−0.0036%	1h	168.81	long leg	$139K	$97K	3x
Aster MSTRUSDT	0.0000%	8h	168.83	+0.012%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.82	+0.005%	$4.7M	$19.5M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.80	−0.006%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.04	+0.135%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	168.84	+0.017%	$275K	$441K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0004%	8h	168.83	+0.011%	$21.9M	$106.2M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.81	−0.001%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.67	−0.083%	$581K	$1.8M	10x	as long as short
BloFin MSTR-USDT	+0.0036%	8h	168.82	+0.005%	$1.1M	$1.9M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0041%	8h	168.86	+0.029%	$28.6M	$120.0M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0043%	8h	168.83	+0.011%	$77K	$871K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.87	+0.035%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	168.80	−0.007%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.82	+0.005%	$394K	$2.8M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	168.74	−0.043%	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.71	−0.060%	$772K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0056%	8h	168.84	+0.017%	$89.1M	$629.0M	50x	as long as short
Bybit MSTRUSDT	+0.0079%	8h	168.86	+0.029%	$15.1M	$40.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.037%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.78	−0.022%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.78	−0.019%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.77	−0.025%	$4K	$321K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.81	−0.001%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.236%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.82	+0.006%	$140	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0112%	8h	168.79	−0.014%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0153%	1h	168.82	+0.005%	$57.0M	$37.2M	10x	as long as short
edgeX MSTRUSDC	+0.0231%	4h	168.79	−0.011%	$47K	$5.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	168.92	+0.063%	$56K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0283%	1h	168.89	+0.046%	$287K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	168.91	+0.058%	$27K	$129K	10x	as long as short