Funding you earn now, next payment 05:00 UTC+0.0212%/8h= +23.2% APRnext payment +$0.26 per $10,000 · paid last 24h −0.076%
Price spread now: Nado against Arcus−0.113%7-day average −0.027% · 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−$87as in the Price arb table
costs, in and out, $10k−$780.782% of the position
Funding, last 3 days (all we have)−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.113%, 7d avg −0.027%
=Together, before fees+0.240%+ Points / potential airdropNado: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.086% cheaper against Arcus than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.027%). If the spread goes back, that is −$9 on $10k: about 33 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 3 days funding on this pair cost −0.144%, 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 | Arcus MSTR-USD | 164.07 | 0.0040 | pay 0.0005% / 1h | 17m 42s | $26K | $110K | 10x |
| Short | Nado MSTR-PERP | 163.88 | 0.0252 | get 0.0031% / 1h | 17m 42s | $121K | $148K | 3x |
Arcus MSTR-USD
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Arcus. 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
- $44.42
- Price spread: −0.113% → −0.027%
- −$8.61
- Slippage, 4 orders
- −$66.65
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$42.34
- Costs to cover
- 0.782%
- Break-even
- 13.7 days
Slippage from Arcus: live order book, 35 min ago; Nado: live order book, 35 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 Arcus live order book, 35 min ago | 6.07 bp | 10.0 bp −$10 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell Nado live order book, 35 min ago | 5.77 bp | 30.5 bp −$31 | 82.2 bp −$822 | 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 | −0.0946% | 8h | 164.25 | +0.110% | $27.2M | $116.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.15 | +0.050% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.17 | +0.061% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.17 | +0.061% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.13 | +0.037% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.95 | −0.073% | $601K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.212% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USDlong | +0.0040% | 1h | 164.07 | long leg | $26K | $110K | 10x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.80 | −0.165% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0047% | 8h | 164.20 | +0.079% | $20.8M | $99.2M | 50x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
OKX MSTR-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.96 | −0.067% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.06 | −0.006% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.80 | −0.165% | $846K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.93 | −0.085% | $1.4M | $7.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0068% | 8h | 163.97 | −0.062% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.94 | −0.077% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.97 | −0.061% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.89 | −0.110% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.04 | −0.018% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0102% | 8h | 164.03 | −0.027% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.05 | −0.010% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0165% | 8h | 164.17 | +0.061% | $86.5M | $618.6M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0166% | 8h | 164.07 | −0.003% | $76K | $826K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | −0.116% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.99 | −0.052% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0252% | 1h | 163.88 | −0.113% | $121K | $148K | 3x | |
| tradeXYZ xyz:MSTR | +0.0264% | 1h | 164.14 | +0.043% | $54.7M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0284% | 8h | 164.04 | −0.018% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0323% | 8h | 164.19 | +0.073% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.02 | −0.033% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0400% | 4h | 163.93 | −0.088% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0726% | 1h | 164.12 | +0.030% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL