MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.024%

Price spread now: Nado against Vest−0.053%7-day average +0.789% · you buy dearer than you sell

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

Long on Vest Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.053%, 7d avg +0.789%

Together, before fees−0.079%+ Points / potential airdropVest: Active · Nado: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.842% cheaper against Vest than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.789%). If the spread goes back, that is −$84 on $10k: about 4 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	166.01	0.0046	pay 0.0006% / 1h	8m 25s	—	$1.7M	25x
Short	Nado MSTR-PERP	165.92	0.0068	get 0.0008% / 1h	8m 25s	$127K	$127K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: $4.63
Price spread: −0.053% → +0.789%: −$84.23
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$88.6
Costs to cover: 0.090%
Break-even: 141.0 days

Slippage unknown: Vest: no order-book sample; Nado: live order book, 37 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Nado live order book, 37 min ago	16.24 bp	49.3 bp −$49	107.4 bp −$1,074	doesn't fit	doesn't fit

Vest: 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 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.476%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.06	+0.030%	$4.9M	$17.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.04	+0.018%	$32.3M	$103.2M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.97	−0.024%	$2.8M	$83K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.99	−0.012%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.84	−0.100%	$555K	$1.9M	10x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	166.01	long leg	—	$1.7M	25x
QFEX MSTR-USD	+0.0050%	1h	165.96	−0.030%	$1.3M	$5.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.95	−0.036%	$391K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.90	−0.066%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.65	−0.217%	$858K	$3.2M	10x	as long as short
Nado MSTR-PERPshort	+0.0068%	1h	165.92	−0.053%	$127K	$127K	3x
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.58	−0.259%	$1.4M	$356K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	165.99	−0.010%	$66	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	165.97	−0.027%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.87	−0.084%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.76	−0.151%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.95	−0.036%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.99	−0.013%	$138	—	10x	as long as short
Bybit MSTRUSDT	+0.0169%	8h	166.02	+0.006%	$16.6M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0222%	1h	165.92	−0.054%	$54.8M	$33.5M	10x	as long as short
Aster MSTRUSDT	+0.0257%	8h	165.96	−0.031%	$1.8M	$6.3M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0259%	8h	165.97	−0.024%	$21.8M	$80.5M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	165.87	−0.087%	$55K	$213K	10x	as long as short
Variational Omni MSTR	+0.0351%	8h	165.80	−0.124%	$1.2M	$1.6M	—	as long as short
RISEx MSTR/USDC	+0.0436%	1h	165.99	−0.015%	$274K	$348K	10x	as long as short
Binance MSTRUSDT	+0.0436%	8h	165.97	−0.024%	$87.1M	$519.7M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0447%	8h	165.85	−0.097%	$85K	$922K	10x	as long as short
edgeX MSTRUSDC	+0.0544%	4h	165.84	−0.099%	$49K	$4.6M	10x	as long as short
BloFin MSTR-USDT	+0.0574%	8h	165.98	−0.018%	$1.1M	$2.0M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0654%	1h	165.99	−0.012%	$282K	$184K	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	165.99	−0.012%	$26K	$63K	10x	as long as short