Funding you earn now, next payment 02:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.003%
Price spread now: Nado against KuCoin−0.044%7-day average +0.010% · 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−$96as in the Price arb table
costs, in and out, $10k−$910.905% of the position
Funding, last 3 days (all we have)−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+1.269%+$127 · spread now −0.044%, 7d avg +0.010%
=Together, before fees+1.241%+ Points / potential airdropNado: Active · farm board+$124 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.054% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.010%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.028% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MSTRUSDTM | 164.13 | 0.0100 | pay 0.0100% / 8h | 6h 37m | $2.4M | $2.7M | 20x |
| Short | Nado MSTR-PERP | 164.06 | 0.0403 | get 0.0050% / 1h | 37m 03s | $111K | $143K | 3x |
KuCoin MSTRUSDTM
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against KuCoin. 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
- $63.68
- Price spread: −0.044% → +0.010%
- −$5.42
- Slippage, 4 orders
- −$71.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$32.25
- Costs to cover
- 0.905%
- Break-even
- 10.5 days
Slippage from KuCoin: live order book, 5 min ago; Nado: live order book, 30 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 KuCoin live order book, 5 min ago | 2.43 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 30 min ago | 4.50 bp | 28.7 bp −$29 | 87.4 bp −$874 | 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 | −0.0800% | 8h | 164.34 | +0.128% | $27.1M | $116.0M | 25x | as long as short |
| Gate MSTR_USDT | −0.0239% | 8h | 164.19 | +0.037% | $4.6M | $18.9M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.20 | +0.043% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.20 | +0.043% | $20.8M | $100.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.24 | +0.066% | $269K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.35 | +0.134% | $1.2M | $2.1M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.19 | +0.040% | $75K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.30 | +0.104% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +0.865% | $1.1M | $1.9M | 20x | as long as short |
| edgeX MSTRUSDC | +0.0016% | 4h | 163.85 | −0.172% | $48K | $5.5M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
edgeX MSTRUSDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MSTRUSDT | +0.0018% | 8h | 164.22 | +0.055% | $87.2M | $626.8M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.04 | −0.052% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.23 | +0.061% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.02 | −0.067% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.09 | −0.024% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.85 | −0.171% | $884K | $4.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.34 | +0.128% | $1.4M | $8.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.22 | +0.054% | $101K | $86K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 164.13 | long leg | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.80 | −0.201% | $4K | $203K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.12 | −0.006% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.13 | +0.002% | $136 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0122% | 1h | 164.25 | +0.073% | $381K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 164.12 | −0.006% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0164% | 8h | 164.17 | +0.026% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.04 | −0.055% | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +3.174% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.0348% | 1h | 164.18 | +0.030% | $55.3M | $36.3M | 10x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.13 | 0.000% | $55K | $219K | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0403% | 1h | 164.06 | −0.044% | $111K | $143K | 3x | |
| Bybit MSTRUSDT | +0.0440% | 8h | 164.29 | +0.097% | $17.2M | $41.3M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0786% | 1h | 164.22 | +0.055% | $279K | $438K | 10x | as long as short |
Binance MSTRUSDT
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Polymarket Perps MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL