MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h +0.005%

Price spread now: Nado against ApeX Omni+0.022%7-day average −0.009% · 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−$132as in the Price arb table

costs, in and out, $10k−$1351.355% of the position

Long on ApeX Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.137%−$14 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now +0.022%, 7d avg −0.009%

Together, before fees−0.073%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.031% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSTRUSDT	168.68	0.0100	pay 0.0013% / 1h	24m 42s	$4K	$204K	50x
Short	Nado MSTR-PERP	168.72	−0.0035	pay 0.0004% / 1h	24m 42s	$139K	$90K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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 ApeX OmnibpFee NadobpOrdersPrice spread, now +0.022%Rate

Funding earned: −$28.44
Price spread: +0.022% → −0.009%: $3.05
Slippage, 4 orders: −$118.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$160.84
Costs to cover: 1.355%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 59 min ago; Nado: live order book, 48 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 ApeX Omni live order book, 59 min ago	2.96 bp	57.5 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 48 min ago	4.15 bp	11.3 bp −$11	69.4 bp −$694	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
Nado MSTR-PERPshort	−0.0035%	1h	168.72	+0.022%	$139K	$90K	3x
Aster MSTRUSDT	0.0000%	8h	168.86	+0.105%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.79	+0.065%	$21.8M	$100.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.83	+0.089%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.90	+0.130%	$28.2M	$113.6M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.83	+0.087%	$1.2M	$2.1M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.67	−0.006%	$85K	$825K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.94	+0.154%	$2.9M	$67K	10x	as long as short
Binance MSTRUSDT	+0.0023%	8h	168.85	+0.101%	$89.0M	$614.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.76	+0.047%	$3.6M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	168.72	+0.024%	$579K	$1.8M	10x	as long as short
Bybit MSTRUSDT	+0.0035%	8h	168.85	+0.101%	$15.1M	$39.2M	50x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.75	+0.041%	$1.4M	$9.1M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.80	+0.071%	$27K	$117K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.81	+0.077%	—	$1.7M	25x	as long as short
BloFin MSTR-USDT	+0.0047%	8h	168.89	+0.124%	$1.1M	$1.9M	20x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.76	+0.047%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.84	+0.095%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.44	−0.142%	$736K	$4.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.130%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0092%	8h	168.81	+0.076%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.80	+0.069%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.76	+0.047%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	168.68	long leg	$4K	$204K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.82	+0.083%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.78	+0.059%	$140	—	10x	as long as short
edgeX MSTRUSDC	+0.0166%	4h	168.67	−0.004%	$47K	$5.5M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0206%	1h	168.79	+0.065%	$56.9M	$35.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.391%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.64	−0.026%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.82	+0.083%	$275K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0936%	1h	168.83	+0.089%	$287K	$438K	10x	as long as short