Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.181%
Price spread now: Deribit against Nado+0.057%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$790.787% of the position
Long on NadoShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.592%+$59 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.057%, 7d avg +0.060%
Together, before fees+0.595%+ Points / potential airdropNado: Active · farm board+$59 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSTR-PERP163.890.0249pay 0.0031% / 1h15m 50s$121K$148K3x
ShortDeribit MSTR_USDC-PERPETUAL163.980.0360get 0.0045% / 1h15m 50s$279K$438K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Nado. 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

Funding earned
$23.31
Price spread: +0.057% → +0.060%
−$0.26
Slippage, 4 orders
−$64.68
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$55.63
Costs to cover
0.787%
Break-even
23.7 days
Slippage from Nado: live order book, 37 min ago; Deribit: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 37 min ago5.77 bp26.6 bp −$2784.3 bp −$843doesn't fitdoesn't fit
Sell Deribit live order book, 38 min ago5.77 bp12.3 bp −$1213.5 bp −$135doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0943%8h164.12+0.143%$27.2M$116.5M25xas long as short
Aster MSTRUSDT0.0000%8h164.01+0.078%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h164.03+0.088%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.07+0.112%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.93+0.027%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.84−0.025%$601K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.328%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h164.10+0.131%$26K$110K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.81−0.046%—$1.7M25xas long as short
OKX MSTR-USDT-SWAP+0.0046%8h164.03+0.088%$20.8M$99.1M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.92+0.021%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.93+0.027%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.80−0.052%$849K$3.9M10xas long as short
QFEX MSTR-USD+0.0067%1h163.93+0.027%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0069%8h163.95+0.036%$66—5xas long as short
Pacifica MSTR+0.0100%1h163.92+0.021%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.92+0.021%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.89+0.003%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.96+0.045%$4K$8K10xas long as short
Variational Omni MSTR+0.0100%8h163.92+0.019%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.95+0.037%$136—10xas long as short
Binance MSTRUSDT+0.0163%8h163.99+0.063%$86.4M$618.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0166%8h164.07+0.110%$76K$826K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.84−0.028%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.98+0.056%$266K$445K10xas long as short
Nado MSTR-PERPlong+0.0249%1h163.89long leg$121K$148K3x
tradeXYZ xyz:MSTR+0.0258%1h163.96+0.045%$54.6M$37.1M10xas long as short
BloFin MSTR-USDT+0.0285%8h164.05+0.100%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0320%8h164.02+0.082%$16.6M$41.1M50xas long as short
Phoenix MSTR+0.0340%1h164.02+0.079%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUALshort+0.0360%1h163.98+0.057%$279K$438K10x
edgeX MSTRUSDC+0.0400%4h163.93+0.024%$49K$5.3M10xas long as short