MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0382%/8h= +41.8% APRnext payment +$0.48 per $10,000 · paid last 24h +0.053%

Price spread now: RISEx against Nado+0.164%7-day average +0.037% · 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−$81as in the Price arb table

costs, in and out, $10k−$940.939% of the position

Long on Nado Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.363%+$36 on $10k

Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.164%, 7d avg +0.037%

Together, before fees−0.043%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.128% dearer against Nado than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSTR-PERP	165.42	0.0077	pay 0.0010% / 1h	49m 16s	$127K	$126K	3x
Short	RISEx MSTR/USDC	165.69	0.0459	get 0.0057% / 1h	49m 16s	$282K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.164%Rate

Funding earned: $80.22
Price spread: +0.164% → +0.037%: $12.79
Slippage, 4 orders: −$80.87
Fee Nado: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$0.86
Costs to cover: 0.939%
Break-even: 7.1 days

Slippage from Nado: live order book, 56 min ago; RISEx: live order book, 57 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, 56 min ago	16.24 bp	34.3 bp −$34	96.0 bp −$960	doesn't fit	doesn't fit
Sell RISEx live order book, 57 min ago	2.11 bp	5.1 bp −$5	7.0 bp −$70	doesn't fit	doesn't fit

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
Gate MSTR_USDT	0.0000%	8h	165.61	+0.116%	$4.9M	$17.1M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.60	+0.110%	$32.3M	$102.9M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.55	+0.080%	$2.8M	$85K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.49	+0.044%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.50	+0.050%	$1.0M	$2.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	165.22	−0.120%	$7K	$28K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.71	+0.176%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.70	+0.170%	$412K	$2.5M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.81	+0.237%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.00	+0.352%	$852K	$3.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0054%	1h	165.60	+0.110%	$1.3M	$5.7M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	165.53	+0.068%	$1.4M	$353K	10x	as long as short
Nado MSTR-PERPlong	+0.0077%	1h	165.42	long leg	$127K	$126K	3x
Paradex MSTR-USD-PERP	+0.0087%	8h	165.53	+0.068%	$66	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	165.43	+0.005%	$101K	$64K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.56	+0.086%	$2.3M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.85	+0.261%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.59	+0.104%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.55	+0.080%	$137	$100	10x	as long as short
Bybit MSTRUSDT	+0.0150%	8h	165.62	+0.122%	$16.5M	$37.8M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0238%	1h	165.62	+0.122%	$54.7M	$33.5M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0249%	8h	165.47	+0.031%	$21.8M	$79.5M	50x	as long as short
Aster MSTRUSDT	+0.0266%	8h	165.65	+0.139%	$1.8M	$6.3M	50x	as long as short
Phoenix MSTR	+0.0308%	1h	165.72	+0.183%	$55K	$213K	10x	as long as short
Variational Omni MSTR	+0.0352%	8h	165.97	+0.334%	$1.2M	$1.6M	—	as long as short
GRVT MSTR_USDT_Perp	+0.0429%	8h	166.01	+0.357%	$84K	$943K	10x	as long as short
Binance MSTRUSDT	+0.0444%	8h	165.59	+0.102%	$86.5M	$516.8M	50x	as long as short
RISEx MSTR/USDCshort	+0.0459%	1h	165.69	+0.164%	$282K	$354K	10x
Deribit MSTR_USDC-PERPETUAL	+0.0475%	1h	165.53	+0.068%	$281K	$188K	10x	as long as short
edgeX MSTRUSDC	+0.0497%	4h	165.94	+0.313%	$50K	$4.5M	10x	as long as short
BloFin MSTR-USDT	+0.0580%	8h	165.59	+0.104%	$1.1M	$2.0M	20x	as long as short
Arcus MSTR-USD	+0.0803%	1h	165.71	+0.176%	$27K	$67K	10x	as long as short