MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against SoDEX−0.029%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.029% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	163.01	0.0050	pay 0.0006% / 1h	6m 58s	$43K	$3K	10x
Short	Nado MSTR-PERP	162.96	0.0170	get 0.0021% / 1h	6m 58s	$125K	$165K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SoDEX. 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 SoDEXbpFee NadobpOrdersPrice spread, now −0.029%Rate

Funding earned: $25.14
Price spread: −0.029% → 0.000%: −$2.85
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $7.28
Costs to cover: 0.150%
Break-even: 5.0 days

Slippage unknown: SoDEX: no order-book sample; Nado: live order book, 30 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Nado live order book, 30 min ago	4.90 bp	16.3 bp −$16	69.9 bp −$699	doesn't fit	doesn't fit

SoDEX: 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 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	−0.0438%	8h	163.16	+0.092%	$29.5M	$119.2M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.06	+0.031%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.04	+0.018%	$2.7M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.85	−0.098%	$589K	$2.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.883%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.16	+0.092%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.84	−0.104%	—	$1.8M	25x	as long as short
Lighter MSTR	+0.0048%	1h	163.00	−0.006%	$3.5M	$2.0M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.98	−0.018%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	163.01	long leg	$43K	$3K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.93	−0.049%	$888K	$3.7M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	162.97	−0.025%	$1.3M	$7.1M	10x	as long as short
Aster MSTRUSDT	+0.0074%	8h	163.04	+0.016%	$1.8M	$8.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	162.99	−0.011%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.99	−0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.94	−0.043%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.01	0.000%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.02	+0.006%	$135	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0134%	8h	162.95	−0.037%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	162.62	−0.239%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERPshort	+0.0170%	1h	162.96	−0.029%	$125K	$165K	3x
Variational Omni MSTR	+0.0197%	8h	163.01	0.000%	$1.2M	$2.0M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0201%	8h	163.03	+0.012%	$20.8M	$99.7M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0266%	8h	163.09	+0.047%	$82K	$859K	10x	as long as short
Binance MSTRUSDT	+0.0268%	8h	163.05	+0.025%	$83.8M	$620.4M	50x	as long as short
Phoenix MSTR	+0.0357%	1h	163.28	+0.165%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0388%	8h	163.03	+0.012%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0401%	8h	163.06	+0.031%	$17.1M	$41.7M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0429%	1h	162.98	−0.018%	$53.8M	$37.7M	10x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	163.08	+0.042%	$268K	$419K	10x	as long as short
edgeX MSTRUSDC	+0.0541%	4h	163.03	+0.011%	$46K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0548%	1h	163.05	+0.025%	$277K	$437K	10x	as long as short