Funding you earn now, next payment 05:00 UTC+0.0209%/8h= +22.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.022%
Price spread now: Nado against Vest+0.077%7-day average +0.851% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.077%, 7d avg +0.851%
=Together, before fees−0.223%+ Points / potential airdropVest: Active · Nado: Active · farm board−$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.773% cheaper against Vest than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.851%). If the spread goes back, that is −$77 on $10k: about 12 days of funding at the current rate (+$6 a day). Mind the row above: over the last 3 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.050% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest MSTR-USD-PERP | 163.96 | 0.0046 | pay 0.0006% / 1h | 41m 11s | — | $1.7M | 25x |
| Short | Nado MSTR-PERP | 164.09 | 0.0255 | get 0.0032% / 1h | 41m 11s | $121K | $148K | 3x |
Vest MSTR-USD-PERP
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Vest. 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
- $43.93
- Price spread: +0.077% → +0.851%
- −$77.33
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$42.4
- Costs to cover
- 0.090%
- Break-even
- 13.8 days
Slippage unknown: Vest: no order-book sample; Nado: live order book, 11 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 Vest no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 11 min ago | 5.77 bp | 30.5 bp −$31 | 82.2 bp −$822 | doesn't fit | doesn't fit |
Vest: 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 | −0.0891% | 8h | 164.30 | +0.207% | $27.8M | $115.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.05 | +0.053% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.22 | +0.159% | $4.6M | $18.9M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.14 | +0.110% | $2.8M | $76K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.96 | +0.003% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.281% | $8K | $26K | 30x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0037% | 8h | 164.14 | +0.110% | $20.6M | $99.4M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.33 | +0.226% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERPlong | +0.0046% | 1h | 163.96 | long leg | — | $1.7M | 25x | |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.06 | +0.061% | $380K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
OKX MSTR-USDT-SWAP
Arcus MSTR-USD
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 164.12 | +0.098% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.07 | +0.067% | $853K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.13 | +0.104% | $1.4M | $7.3M | 10x | as long as short |
| Lighter MSTR | +0.0072% | 1h | 164.02 | +0.037% | $3.5M | $1.9M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.08 | +0.074% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.01 | +0.030% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.24 | +0.171% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.99 | +0.018% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0101% | 8h | 164.45 | +0.297% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.05 | +0.055% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 164.12 | +0.098% | $66 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0157% | 8h | 164.15 | +0.116% | $86.8M | $615.9M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0167% | 8h | 164.42 | +0.279% | $75K | $803K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.96 | 0.000% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.08 | +0.075% | $266K | $445K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0246% | 1h | 164.08 | +0.073% | $54.7M | $37.0M | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0255% | 1h | 164.09 | +0.077% | $121K | $148K | 3x | |
| BloFin MSTR-USDT | +0.0277% | 8h | 164.12 | +0.098% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0330% | 8h | 164.18 | +0.134% | $16.7M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.53 | +0.349% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0797% | 4h | 164.29 | +0.199% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0848% | 1h | 164.09 | +0.079% | $279K | $438K | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Lighter MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL