MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0151%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.006%

Price spread now: Nado against Pacifica−0.034%7-day average −0.001% · 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−$75as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on Pacifica Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.186%−$19 on $10k

Price spread, last 4 days (all we have)+0.307%+$31 · spread now −0.034%, 7d avg −0.001%

Together, before fees+0.121%+ Points / potential airdropPacifica: Active · Nado: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.034% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.001%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 3 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	164.31	0.0100	pay 0.0013% / 1h	44m 55s	$100K	$83K	10x
Short	Nado MSTR-PERP	164.26	0.0251	get 0.0031% / 1h	44m 55s	$121K	$148K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Pacifica. 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 PacificabpFee NadobpOrdersPrice spread, now −0.034%Rate

Funding earned: $31.81
Price spread: −0.034% → −0.001%: −$3.38
Slippage, 4 orders: −$56.21
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$42.78
Costs to cover: 0.712%
Break-even: 16.4 days

Slippage from Pacifica: live order book, 7 min ago; Nado: live order book, 7 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 Pacifica live order book, 7 min ago	0.03 bp	4.1 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 7 min ago	5.77 bp	30.5 bp −$31	82.2 bp −$822	doesn't fit	doesn't fit

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
Bitget MSTRUSDT	−0.0881%	8h	164.49	+0.108%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.41	+0.059%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.44	+0.078%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.42	+0.065%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.16	−0.090%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.060%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0034%	8h	164.35	+0.023%	$20.7M	$99.5M	50x	as long as short
edgeX MSTRUSDC	+0.0038%	4h	164.50	+0.112%	$49K	$5.3M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.52	+0.126%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.25	−0.038%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.30	−0.008%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.37	+0.035%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.27	−0.026%	$855K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.34	+0.017%	$1.4M	$7.3M	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.33	+0.011%	$3.5M	$1.9M	10x	as long as short
Pacifica MSTRlong	+0.0100%	1h	164.31	long leg	$100K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	164.28	−0.020%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.39	+0.047%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.38	+0.041%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0101%	8h	164.45	+0.081%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.40	+0.056%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0138%	8h	164.29	−0.015%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0161%	8h	164.34	+0.017%	$86.8M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.21	−0.062%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.40	+0.053%	$75K	$803K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.37	+0.032%	$267K	$445K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0244%	1h	164.29	−0.014%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERPshort	+0.0251%	1h	164.26	−0.034%	$121K	$148K	3x
BloFin MSTR-USDT	+0.0281%	8h	164.36	+0.029%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0336%	8h	164.36	+0.029%	$16.8M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.53	+0.134%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0907%	1h	164.40	+0.053%	$280K	$438K	10x	as long as short