MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.128%

Price spread now: Nado against RISEx−0.017%7-day average −0.029% · 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−$64as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on RISEx Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.355%−$35 on $10k

Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.017%, 7d avg −0.029%

Together, before fees−0.144%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	168.84	0.0001	pay 0.0000% / 1h	19m 54s	$275K	$441K	10x
Short	Nado MSTR-PERP	168.81	−0.0036	pay 0.0004% / 1h	19m 54s	$139K	$97K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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 RISExbpFee NadobpOrdersPrice spread, now −0.017%Rate

Funding earned: −$7.73
Price spread: −0.017% → −0.029%: $1.23
Slippage, 4 orders: −$52.07
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$71.57
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from RISEx: live order book, 58 min ago; Nado: live order book, 57 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 RISEx live order book, 58 min ago	1.18 bp	4.2 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Nado live order book, 57 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	−0.0036%	1h	168.81	−0.017%	$139K	$97K	3x
Aster MSTRUSDT	0.0000%	8h	168.83	−0.009%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.79	−0.030%	$4.7M	$19.5M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.80	−0.022%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.85	+0.006%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDClong	+0.0001%	1h	168.84	long leg	$275K	$441K	10x
OKX MSTR-USDT-SWAP	+0.0004%	8h	168.80	−0.024%	$21.9M	$106.1M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.79	−0.030%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.73	−0.064%	$581K	$1.8M	10x	as long as short
BloFin MSTR-USDT	+0.0036%	8h	168.82	−0.012%	$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	168.84	0.000%	$28.6M	$120.0M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0043%	8h	168.83	−0.006%	$77K	$871K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.87	+0.018%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	168.80	−0.024%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.82	−0.012%	$394K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.80	−0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.71	−0.077%	$772K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0056%	8h	168.84	0.000%	$89.1M	$629.0M	50x	as long as short
Bybit MSTRUSDT	+0.0079%	8h	168.86	+0.012%	$15.1M	$40.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.053%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.78	−0.038%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.77	−0.041%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.77	−0.041%	$4K	$321K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.81	−0.018%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.219%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.82	−0.011%	$140	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0112%	8h	168.79	−0.031%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0151%	1h	168.80	−0.024%	$57.0M	$37.2M	10x	as long as short
edgeX MSTRUSDC	+0.0231%	4h	168.79	−0.027%	$47K	$5.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	168.92	+0.046%	$56K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0343%	1h	168.85	+0.006%	$287K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	168.91	+0.041%	$27K	$129K	10x	as long as short