MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Nado against Injective+0.026%109s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.026% dearer against Injective than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.08	0.0104	pay 0.0013% / 1h	39m 27s	$13K	$21K	30x
Short	Nado MSTR-PERP	169.12	0.0053	get 0.0007% / 1h	39m 27s	$139K	$97K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now +0.026%Rate

Funding earned: −$10.72
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$15.1
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Nado: live order book, 38 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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 38 min ago	7.39 bp	25.2 bp −$25	70.9 bp −$709	doesn't fit	doesn't fit

Injective: 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 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
Aster MSTRUSDT	0.0000%	8h	169.29	+0.126%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.16	+0.047%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.42	+0.203%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.42	+0.201%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.21	+0.077%	$276K	$442K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0025%	8h	169.16	+0.047%	$22.1M	$106.5M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.35	+0.160%	—	$2.1M	25x	as long as short
BloFin MSTR-USDT	+0.0046%	8h	169.37	+0.172%	$1.1M	$1.8M	20x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.23	+0.089%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.18	+0.059%	$389K	$2.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	169.19	+0.065%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.19	+0.065%	$782K	$5.2M	10x	as long as short
Nado MSTR-PERPshort	+0.0053%	1h	169.12	+0.026%	$139K	$97K	3x
GRVT MSTR_USDT_Perp	+0.0053%	8h	169.43	+0.207%	$77K	$879K	10x	as long as short
Extended MSTR_24_5-USD	+0.0056%	1h	169.19	+0.063%	$583K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0063%	8h	169.19	+0.065%	$28.7M	$120.0M	25x	as long as short
Binance MSTRUSDT	+0.0066%	8h	169.18	+0.059%	$89.2M	$628.9M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.32	+0.142%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.12	+0.025%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.19	+0.065%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.16	+0.047%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.17	+0.053%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0104%	1h	169.08	long leg	$13K	$21K	30x
Aevo MSTR-PERP	+0.0104%	1h	169.21	+0.080%	$140	—	10x	as long as short
Bybit MSTRUSDT	+0.0110%	8h	169.22	+0.083%	$15.2M	$40.5M	50x	as long as short
Lighter MSTR	+0.0120%	1h	169.18	+0.059%	$3.6M	$2.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0144%	8h	169.20	+0.073%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0211%	1h	169.18	+0.059%	$57.1M	$37.1M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.36	+0.167%	$57K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0696%	1h	169.31	+0.136%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.32	+0.142%	$27K	$129K	10x	as long as short
edgeX MSTRUSDC	+0.0874%	4h	169.41	+0.193%	$47K	$5.5M	10x	as long as short