data as of
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Funding arb /

MSTR

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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 spread now, next payment 15:00 UTC+0.0090%/8h
next payment, per $10,000+$0.11paid, last 24h+0.008%paid, last 3 days+0.254%to open and close $10k−$36
Long on NadoShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MSTR-PERP166.480.0094pay 0.0012% / 1h24m 31s$155K$245K3x
ShortLighter MSTR166.620.0184get 0.0023% / 1h24m 31s$3.6M$2.9M10x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$18.85
Slippage, 4 orders
−$29.44
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
−$17.59
Break-even
13.5 days
Slippage from Nado: live order book, 29 min ago; Lighter: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.085%
Avg gap 7d
−0.042%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

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, 29 min ago9.06 bp16.7 bp −$1763.6 bp −$636doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.60 bp4.0 bp −$410.8 bp −$10841.7 bp −$4,165doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MSTR/USDC PERP−0.0440%1h$12K$123K30xas long as short
Gate MSTR_USDT0.0000%8h$5.0M$18.6M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$30K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$493K$2.3M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.3M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$421K$1.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$865K$4.4M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$8.9M10xas long as short
Nado MSTR-PERPlong+0.0094%1h$155K$245K3x
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$102K$176K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$132K$2.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$14K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Paradex MSTR-USD-PERP+0.0121%8h$67—5xas long as short
KuCoin MSTRUSDTM+0.0151%8h$3.2M$2.1M20xas long as short
Coinbase International MSTR-PERP-INTX+0.0160%1h$1.5M$1.2M10xas long as short
Lighter MSTRshort+0.0184%1h$3.6M$2.9M10x
Bybit MSTRUSDT+0.0205%8h$15.8M$41.6M50xas long as short
tradeXYZ xyz:MSTR+0.0214%1h$56.8M$29.9M10xas long as short
Phoenix MSTR+0.0320%1h$54K$334K10xas long as short
Variational Omni MSTR+0.0336%8h$1.3M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0360%8h$21.9M$97.2M50xas long as short
edgeX MSTRUSDC+0.0400%4h$61K$4.1M10xas long as short
Bitget MSTRUSDT+0.0401%8h$28.8M$106.3M25xas long as short
Binance MSTRUSDT+0.0414%8h$88.5M$482.8M50xas long as short
Aster MSTRUSDT+0.0443%8h$1.6M$5.0M50xas long as short
BloFin MSTR-USDT+0.0537%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDC+0.0566%1h$197K$392K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0833%1h$283K$450K10xas long as short
Arcus MSTR-USD+0.0991%1h$26K$121K10xas long as short