MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0242%/8h= +26.5% APRnext payment +$0.30 per $10,000 · paid last 24h +0.033%

Price spread now: tradeXYZ against Nado+0.061%7-day average −0.035% · 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−$45as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Nado Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.166%+$17 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now +0.061%, 7d avg −0.035%

Together, before fees−0.066%+ Points / potential airdropNado: Active · tradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.096% dearer against Nado than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSTR-PERP	168.72	−0.0035	get 0.0004% / 1h	25m 06s	$139K	$90K	3x
Short	tradeXYZ xyz:MSTR	168.82	0.0207	get 0.0026% / 1h	25m 06s	$56.9M	$35.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.061%Rate

Funding earned: $50.81
Price spread: +0.061% → −0.035%: $9.56
Slippage, 4 orders: −$29.11
Fee Nado: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $6.26
Costs to cover: 0.541%
Break-even: 6.1 days

Slippage from Nado: live order book, 47 min ago; tradeXYZ: 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, 47 min ago	4.15 bp	24.0 bp −$24	78.6 bp −$786	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.30 bp	9.5 bp −$10	11.7 bp −$117	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
Nado MSTR-PERPlong	−0.0035%	1h	168.72	long leg	$139K	$90K	3x
Aster MSTRUSDT	0.0000%	8h	168.82	+0.060%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.89	+0.102%	$21.7M	$101.0M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.85	+0.079%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.89	+0.102%	$28.5M	$113.4M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.83	+0.065%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.67	−0.028%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.94	+0.132%	$2.9M	$67K	10x	as long as short
Binance MSTRUSDT	+0.0024%	8h	168.86	+0.085%	$89.0M	$614.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.76	+0.025%	$3.6M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	168.72	−0.001%	$579K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.75	+0.019%	$1.4M	$9.1M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.80	+0.049%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.81	+0.055%	—	$1.7M	25x	as long as short
BloFin MSTR-USDT	+0.0047%	8h	168.89	+0.102%	$1.1M	$1.9M	20x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.76	+0.025%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.84	+0.073%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.44	−0.164%	$736K	$4.9M	10x	as long as short
Bybit MSTRUSDT	+0.0057%	8h	168.91	+0.114%	$15.2M	$39.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.152%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0092%	8h	168.81	+0.054%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.78	+0.036%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.74	+0.014%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.68	−0.022%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.82	+0.061%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.78	+0.037%	$140	—	10x	as long as short
edgeX MSTRUSDC	+0.0166%	4h	168.67	−0.026%	$47K	$5.5M	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0207%	1h	168.82	+0.061%	$56.9M	$35.6M	10x
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.369%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.64	−0.048%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.82	+0.061%	$275K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0936%	1h	168.83	+0.067%	$287K	$438K	10x	as long as short