MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0350%/8h= −38.3% APRnext payment −$0.44 per $10,000 · paid last 24h −0.025%

Price spread now: Extended against Nado+0.034%7-day average −0.064% · 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−$58as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Nado Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.153%+$15 on $10k

Price spread, last 4 days (all we have)−1.314%−$131 · spread now +0.034%, 7d avg −0.064%

Together, before fees−1.161%+ Points / potential airdropNado: Active · Extended: Active · farm board−$116 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.099% dearer against Nado than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.064%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 4 days funding on this pair paid +0.153%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSTR-PERP	163.32	0.0382	pay 0.0048% / 1h	51m 19s	$130K	$157K	3x
Short	Extended MSTR_24_5-USD	163.38	0.0032	get 0.0004% / 1h	51m 19s	$502K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Nado. 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 NadobpFee ExtendedbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$73.52
Price spread: +0.034% → −0.064%: $9.87
Slippage, 4 orders: −$55.41
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$131.06
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from Nado: live order book, 51 min ago; Extended: live order book, 2 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 Nado live order book, 51 min ago	7.06 bp	24.9 bp −$25	81.3 bp −$813	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.45 bp	5.6 bp −$6	16.6 bp −$166	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	−0.0556%	8h	163.58	+0.157%	$29.2M	$118.9M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.59	+0.163%	$4.7M	$19.4M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.44	+0.071%	$2.8M	$81K	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	163.38	+0.034%	$502K	$2.0M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.684%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.52	+0.120%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.35	+0.016%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.50	+0.108%	$378K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.33	+0.004%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.13	−0.119%	$857K	$3.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0067%	1h	163.53	+0.126%	$1.3M	$7.1M	10x	as long as short
Aster MSTRUSDT	+0.0069%	8h	163.36	+0.023%	$1.8M	$8.7M	50x	as long as short
Lighter MSTR	+0.0096%	1h	163.43	+0.065%	$3.5M	$2.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.56	+0.144%	$100K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.40	+0.047%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.14	−0.112%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.47	+0.090%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.47	+0.087%	$136	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	161.52	−1.104%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0175%	8h	163.44	+0.073%	$65	—	5x	as long as short
Variational Omni MSTR	+0.0193%	8h	163.27	−0.030%	$1.2M	$2.0M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0194%	8h	163.46	+0.083%	$20.8M	$99.9M	50x	as long as short
edgeX MSTRUSDC	+0.0253%	4h	163.31	−0.010%	$46K	$5.4M	10x	as long as short
Binance MSTRUSDT	+0.0266%	8h	163.53	+0.126%	$84.2M	$623.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0277%	8h	163.49	+0.102%	$85K	$849K	10x	as long as short
Phoenix MSTR	+0.0357%	1h	163.49	+0.103%	$56K	$223K	10x	as long as short
Nado MSTR-PERPlong	+0.0382%	1h	163.32	long leg	$130K	$157K	3x
BloFin MSTR-USDT	+0.0384%	8h	163.34	+0.010%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0417%	8h	163.53	+0.126%	$17.1M	$41.7M	50x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	163.56	+0.145%	$266K	$425K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0552%	1h	163.55	+0.139%	$54.1M	$37.8M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1160%	1h	163.40	+0.047%	$278K	$437K	10x	as long as short