MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.003%

Price spread now: Ondo Perps against Nado+0.042%7-day average −0.092% · you sell dearer than you buy

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

Long on Nado Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.200%+$20 on $10k

Price spread, last 4 days (all we have)−0.521%−$52 · spread now +0.042%, 7d avg −0.092%

Together, before fees−0.321%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.134% dearer against Nado than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.092%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.6 days. Mind the row above: over the last 4 days funding on this pair paid +0.200%, 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	167.25	0.0110	pay 0.0014% / 1h	7m 29s	$136K	$112K	3x
Short	Ondo Perps MSTR-USD.P	167.32	0.0050	get 0.0006% / 1h	7m 29s	$723K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$12.43
Price spread: +0.042% → −0.092%: $13.41
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.02
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Nado: live order book, 53 min ago; Ondo Perps: 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, 53 min ago	7.47 bp	30.7 bp −$31	73.5 bp −$735	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 exchanges

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
RISEx MSTR/USDC	0.0000%	1h	167.36	+0.066%	$329K	$802K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	167.45	+0.120%	$4.4M	$17.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.61	+0.215%	$2.8M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	167.20	−0.030%	$1.4M	$3.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	168.58	+0.795%	$8K	$65K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.45	+0.120%	—	$796K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	167.34	+0.054%	$384K	$1.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	167.41	+0.096%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	167.32	+0.042%	$723K	$2.5M	10x
QFEX MSTR-USD	+0.0070%	1h	167.43	+0.108%	$1.3M	$4.7M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	167.13	−0.072%	$648K	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	167.41	+0.099%	$93K	$115K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	167.30	+0.030%	$2.5M	$2.4M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	167.09	−0.096%	$38K	$85K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.39	+0.084%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	167.44	+0.113%	$139	$202	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0105%	8h	167.37	+0.072%	$22.1M	$56.1M	50x	as long as short
Nado MSTR-PERPlong	+0.0110%	1h	167.25	long leg	$136K	$112K	3x
Lighter MSTR	+0.0112%	1h	167.34	+0.054%	$3.5M	$1.6M	10x	as long as short
Aster MSTRUSDT	+0.0127%	8h	167.36	+0.066%	$1.8M	$3.8M	50x	as long as short
Variational Omni MSTR	+0.0197%	8h	167.27	+0.012%	$1.5M	$1.5M	—	as long as short
tradeXYZ xyz:MSTR	+0.0213%	1h	167.34	+0.054%	$54.5M	$21.3M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0235%	8h	167.46	+0.128%	$67	—	5x	as long as short
Binance MSTRUSDT	+0.0293%	8h	167.37	+0.072%	$84.1M	$307.3M	50x	as long as short
Phoenix MSTR	+0.0334%	1h	167.39	+0.084%	$63K	$110K	10x	as long as short
BloFin MSTR-USDT	+0.0397%	8h	167.43	+0.108%	$1.2M	$1.9M	20x	as long as short
Arcus MSTR-USD	+0.0415%	1h	167.46	+0.126%	$31K	$60K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0415%	8h	167.34	+0.054%	$89K	$861K	10x	as long as short
Bybit MSTRUSDT	+0.0536%	8h	167.43	+0.108%	$16.4M	$36.3M	50x	as long as short
Bitget MSTRUSDT	+0.0562%	8h	167.44	+0.114%	$34.5M	$86.9M	25x	as long as short
edgeX MSTRUSDC	+0.0861%	4h	167.40	+0.089%	$34K	$2.6M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0946%	1h	167.48	+0.138%	$285K	$59K	10x	as long as short