Funding you earn now, next payment 23:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h +0.022%
Price spread now: Nado against Pacifica−0.014%7-day average +0.004% · 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−$79as in the Price arb table
costs, in and out, $10k−$770.771% of the position
Funding, last 3 days (all we have)−0.188%−$19 on $10k
+Price spread, last 3 days (all we have)+0.287%+$29 · spread now −0.014%, 7d avg +0.004%
=Together, before fees+0.099%+ Points / potential airdropPacifica: Active · Nado: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 168.91 | 0.0100 | pay 0.0013% / 1h | 8m 49s | $104K | $103K | 10x |
| Short | Nado MSTR-PERP | 168.88 | −0.0068 | pay 0.0009% / 1h | 8m 49s | $139K | $97K | 3x |
Pacifica MSTR
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.38
- Price spread: −0.014% → +0.004%
- −$1.75
- Slippage, 4 orders
- −$62.14
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$114.27
- Costs to cover
- 0.771%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 9 min ago; Nado: live order book, 9 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 Pacifica live order book, 9 min ago | 2.60 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 9 min ago | 7.39 bp | 25.2 bp −$25 | 70.9 bp −$709 | 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-PERPshort | −0.0068% | 1h | 168.88 | −0.014% | $139K | $97K | 3x | |
| BloFin MSTR-USDT | −0.0005% | 8h | 169.09 | +0.108% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 168.91 | +0.003% | $1.2M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.07 | +0.095% | $89.2M | $628.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.08 | +0.102% | $22.1M | $106.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.03 | +0.074% | $275K | $442K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.03 | +0.072% | $4.8M | $19.5M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 168.92 | +0.005% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.10 | +0.115% | $83K | $875K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.04 | +0.078% | $2.9M | $63K | 10x | as long as short |
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 168.99 | +0.049% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.89 | −0.008% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0032% | 8h | 169.11 | +0.120% | $28.8M | $119.5M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 168.99 | +0.049% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 168.96 | +0.031% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.96 | +0.031% | $398K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 168.94 | +0.019% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 168.63 | −0.165% | $780K | $5.1M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.66 | −0.147% | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0062% | 8h | 169.06 | +0.090% | $15.2M | $40.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0079% | 8h | 168.93 | +0.015% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0095% | 1h | 168.96 | +0.031% | $57.0M | $37.5M | 10x | as long as short |
| Pacifica MSTRlong | +0.0100% | 1h | 168.91 | long leg | $104K | $103K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 168.92 | +0.007% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 168.92 | +0.007% | $4K | $398K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 168.99 | +0.049% | $3K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.01 | +0.059% | $140 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.00 | +0.052% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.32 | +0.244% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.05 | +0.084% | $27K | $129K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0466% | 4h | 168.94 | +0.021% | $47K | $5.5M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0638% | 1h | 169.07 | +0.096% | $287K | $439K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL