MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0146%/8h= −16.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.006%

Price spread now: Injective against Nado−1.079%109s7-day average — · you buy dearer than you sell

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

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 1.079% cheaper against Nado than usual: you would sell low and buy high (−$108 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	Nado MSTR-PERP	164.38	0.0180	pay 0.0022% / 1h	21m 19s	$126K	$143K	3x
Short	Injective MSTR/USDC PERP	162.61	0.0033	get 0.0004% / 1h	21m 19s	$7K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee NadobpFee InjectivebpOrdersPrice spread, now −1.079%Rate

Funding earned: −$30.71
Price spread: −1.079% → 0.000%: −$107.92
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$145.65
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 11 min ago; Injective: no order-book sample. 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 Nado live order book, 11 min ago	10.45 bp	25.9 bp −$26	81.8 bp −$818	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Gate MSTR_USDT	0.0000%	8h	164.67	+0.174%	$4.9M	$18.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	164.55	+0.101%	$31.1M	$116.3M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.13	−0.155%	$2.8M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.20	−0.111%	$592K	$1.9M	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0033%	1h	162.61	−1.079%	$7K	$26K	30x
Arcus MSTR-USD	+0.0040%	1h	164.47	+0.052%	$26K	$112K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.56	+0.107%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.35	−0.021%	$380K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.84	−0.331%	$912K	$3.7M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	164.32	−0.039%	$1.4M	$7.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	164.28	−0.063%	$101K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.22	−0.100%	$2.4M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.22	−0.708%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.60	+0.131%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.64	+0.157%	$137	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.26	−1.292%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0141%	8h	164.25	−0.083%	$1.8M	$8.7M	50x	as long as short
SoDEX MSTR-USD	+0.0147%	1h	163.63	−0.459%	$43K	$3K	10x	as long as short
Nado MSTR-PERPlong	+0.0180%	1h	164.38	long leg	$126K	$143K	3x
Paradex MSTR-USD-PERP	+0.0181%	8h	164.35	−0.019%	$66	—	5x	as long as short
Lighter MSTR	+0.0184%	1h	164.37	−0.009%	$3.5M	$1.8M	10x	as long as short
edgeX MSTRUSDC	+0.0202%	4h	163.37	−0.617%	$46K	$5.4M	10x	as long as short
Variational Omni MSTR	+0.0232%	8h	162.49	−1.150%	$1.2M	$2.0M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0251%	8h	164.69	+0.186%	$21.0M	$95.8M	50x	as long as short
Binance MSTRUSDT	+0.0339%	8h	164.64	+0.158%	$85.4M	$612.4M	50x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	163.85	−0.325%	$267K	$392K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0408%	1h	164.48	+0.058%	$54.1M	$36.1M	10x	as long as short
BloFin MSTR-USDT	+0.0441%	8h	163.62	−0.465%	$1.0M	$2.1M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0441%	8h	163.59	−0.483%	$84K	$846K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	164.03	−0.215%	$56K	$223K	10x	as long as short
Bybit MSTRUSDT	+0.0576%	8h	164.71	+0.198%	$17.3M	$40.5M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0725%	1h	164.23	−0.094%	$279K	$402K	10x	as long as short