Funding you earn now, next payment 02:00 UTC−0.0137%/8h= −15.0% APRnext payment −$0.17 per $10,000 · paid last 24h +0.037%
Price spread now: tradeXYZ against Nado−0.056%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 3 days (all we have)+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)−1.116%−$112 · spread now −0.056%, 7d avg −0.034%
=Together, before fees−0.948%+ Points / potential airdropNado: Active · tradeXYZ: Active · farm board−$95 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and tradeXYZ is 0.021% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.034%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.168%, 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 | 164.87 | 0.0355 | pay 0.0044% / 1h | 13m 16s | $122K | $150K | 3x |
| Short | tradeXYZ xyz:MSTR | 164.78 | 0.0218 | get 0.0027% / 1h | 13m 16s | $55.2M | $36.9M | 10x |
Nado MSTR-PERP
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.68
- Price spread: −0.056% → −0.034%
- −$2.13
- Slippage, 4 orders
- −$30.31
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$86.11
- Costs to cover
- 0.553%
- Break-even
- never at this rate
Slippage from Nado: live order book, 54 min ago; tradeXYZ: live order book, 6 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, 54 min ago | 4.50 bp | 8.0 bp −$8 | 61.9 bp −$619 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.30 bp | 9.3 bp −$9 | 10.8 bp −$108 | doesn't fit | doesn't fit |
MSTR on 31 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 | −0.1084% | 8h | 165.00 | +0.078% | $27.5M | $115.6M | 25x | as long as short |
| Gate MSTR_USDT | −0.0197% | 8h | 164.84 | −0.019% | $4.6M | $19.1M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.89 | +0.009% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.86 | −0.007% | $20.9M | $100.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.89 | +0.011% | $270K | $447K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.84 | −0.019% | $2.8M | $69K | 10x | as long as short |
| Variational Omni MSTR | +0.0002% | 8h | 164.84 | −0.016% | $1.2M | $2.1M | — | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.71 | −0.098% | $594K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.90 | +0.017% | $27K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.90 | +0.017% | — | $1.8M | 25x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Phemex MSTRUSDT
Variational Omni MSTR
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 164.85 | −0.013% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.73 | −0.086% | $910K | $4.5M | 10x | as long as short |
| Lighter MSTR | +0.0056% | 1h | 164.77 | −0.062% | $3.5M | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.93 | +0.035% | $1.4M | $8.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0069% | 1h | 164.78 | −0.056% | $385K | $2.7M | 10x | as long as short |
| Binance MSTRUSDT | +0.0078% | 8h | 164.87 | −0.001% | $87.9M | $623.8M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.94 | +0.038% | $101K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.73 | −0.086% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.69 | −0.110% | $4K | $188K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.83 | −0.025% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.82 | −0.030% | $137 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.76 | −0.068% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0169% | 8h | 164.91 | +0.021% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0190% | 8h | 164.89 | +0.011% | $79K | $760K | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0218% | 1h | 164.78 | −0.056% | $55.2M | $36.9M | 10x | |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.710% | $8K | $26K | 30x | as long as short |
| Nado MSTR-PERPlong | +0.0355% | 1h | 164.87 | long leg | $122K | $150K | 3x | |
| Bybit MSTRUSDT | +0.0367% | 8h | 164.90 | +0.017% | $17.1M | $41.2M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.86 | −0.009% | $55K | $219K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0539% | 1h | 164.88 | +0.005% | $280K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0608% | 4h | 164.81 | −0.039% | $50K | $5.5M | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Lighter MSTR
QFEX MSTR-USD
Polymarket Perps MSTR-USD
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Injective MSTR/USDC PERP
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC