MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0159%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h −0.035%

Price spread now: Nado against tradeXYZ−0.048%7-day average +0.034% · 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−$86as in the Price arb table

costs, in and out, $10k−$780.775% of the position

Long on tradeXYZ Short on Nado

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 4 days (all we have)+0.544%+$54 · spread now −0.048%, 7d avg +0.034%

Together, before fees+0.378%+ Points / potential airdroptradeXYZ: Active · Nado: Active · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.081% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.034%). If the spread goes back, that is −$8 on $10k: about 41 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 3 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	165.24	0.0051	pay 0.0006% / 1h	1m 35s	$55.0M	$36.8M	10x
Short	Nado MSTR-PERP	165.16	0.0211	get 0.0026% / 1h	1m 35s	$122K	$148K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against tradeXYZ. 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 tradeXYZbpFee NadobpOrdersPrice spread, now −0.048%Rate

Funding earned: $33.48
Price spread: −0.048% → +0.034%: −$8.14
Slippage, 4 orders: −$52.52
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$52.18
Costs to cover: 0.775%
Break-even: 17.9 days

Slippage from tradeXYZ: live order book, 8 min ago; Nado: live order book, 61 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 tradeXYZ live order book, 8 min ago	0.91 bp	10.3 bp −$10	12.4 bp −$124	doesn't fit	doesn't fit
Sell Nado live order book, 61 min ago	6.99 bp	30.2 bp −$30	92.1 bp −$921	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
Bitget MSTRUSDT	−0.0829%	8h	165.46	+0.133%	$27.7M	$114.6M	25x	as long as short
Gate MSTR_USDT	−0.0026%	8h	165.41	+0.103%	$4.6M	$18.8M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.18	−0.035%	$1.8M	$8.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.40	+0.097%	$20.7M	$100.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.46	+0.133%	$2.8M	$73K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.35	+0.067%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.22	−0.012%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.481%	$8K	$26K	30x	as long as short
Variational Omni MSTR	+0.0040%	8h	165.25	+0.008%	$1.2M	$2.1M	—	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.37	+0.079%	$27K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.33	+0.054%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.24	0.000%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.25	+0.006%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.14	−0.061%	$870K	$4.1M	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0051%	1h	165.24	long leg	$55.0M	$36.8M	10x
QFEX MSTR-USD	+0.0060%	1h	165.34	+0.061%	$1.4M	$7.5M	10x	as long as short
Binance MSTRUSDT	+0.0099%	8h	165.40	+0.100%	$88.0M	$616.8M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	165.32	+0.050%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.21	−0.018%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.21	−0.018%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.17	−0.042%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.15	−0.055%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0124%	8h	165.27	+0.021%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0135%	8h	165.31	+0.044%	$79K	$758K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.95	−0.176%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERPshort	+0.0211%	1h	165.16	−0.048%	$122K	$148K	3x
BloFin MSTR-USDT	+0.0221%	8h	165.23	−0.006%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	165.41	+0.104%	$270K	$448K	10x	as long as short
Phoenix MSTR	+0.0336%	1h	165.29	+0.033%	$56K	$227K	10x	as long as short
Bybit MSTRUSDT	+0.0338%	8h	165.48	+0.145%	$17.2M	$40.6M	50x	as long as short
edgeX MSTRUSDC	+0.0644%	4h	165.17	−0.042%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0779%	1h	165.31	+0.042%	$281K	$438K	10x	as long as short