MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h −0.076%

Price spread now: Nado against Arcus−0.498%7-day average −0.022% · 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−$111as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.153%−$15 on $10k

Price spread, last 3 days (all we have)+0.698%+$70 · spread now −0.498%, 7d avg −0.022%

Together, before fees+0.545%+ Points / potential airdropNado: Active · farm board+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.476% cheaper against Arcus than usual: you would sell low and buy high (spread −0.498% now, against its 7-day average of −0.022%). If the spread goes back, that is −$48 on $10k: about 53 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.153%, 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	Arcus MSTR-USD	166.62	0.0040	pay 0.0005% / 1h	0m 42s	$27K	$115K	10x
Short	Nado MSTR-PERP	165.79	0.0070	get 0.0009% / 1h	0m 42s	$134K	$129K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Arcus. 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 ArcusbpFee NadobpOrdersPrice spread, now −0.498%Rate

Funding earned: $6.28
Price spread: −0.498% → −0.022%: −$47.6
Slippage, 4 orders: −$51.93
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$104.75
Costs to cover: 0.634%
Break-even: 123.7 days

Slippage from Arcus: 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 Arcus live order book, 7 min ago	10.18 bp	13.2 bp −$13	43.6 bp −$436	doesn't fit	doesn't fit
Sell Nado live order book, 7 min ago	4.50 bp	28.7 bp −$29	87.4 bp −$874	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
Gate MSTR_USDT	−0.0265%	8h	166.13	−0.294%	$4.6M	$19.3M	50x	as long as short
BloFin MSTR-USDT	−0.0029%	8h	166.03	−0.354%	$1.1M	$1.9M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	166.03	−0.351%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	166.08	−0.324%	$87.5M	$616.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	166.06	−0.336%	$21.3M	$99.6M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.19	−0.258%	$27.3M	$114.0M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	166.01	−0.369%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	166.87	+0.150%	$84K	$812K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.38	−0.144%	$2.8M	$67K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.00	−0.372%	$3.5M	$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	165.88	−0.444%	$571K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	166.03	−0.354%	$1.4M	$8.6M	10x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	166.62	long leg	$27K	$115K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	165.72	−0.540%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.99	−0.378%	$389K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.06	−0.336%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.75	−0.522%	$768K	$4.7M	10x	as long as short
Nado MSTR-PERPshort	+0.0070%	1h	165.79	−0.498%	$134K	$129K	3x
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	165.95	−0.402%	$1.4M	$1.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.10	−0.311%	$103K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.04	−0.348%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.29	−0.198%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.93	−0.414%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.85	−0.459%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0111%	8h	166.02	−0.360%	$66	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+1.632%	$8K	$26K	30x	as long as short
tradeXYZ xyz:MSTR	+0.0251%	1h	166.07	−0.330%	$56.1M	$35.9M	10x	as long as short
Phoenix MSTR	+0.0259%	1h	166.44	−0.106%	$56K	$384K	10x	as long as short
Bybit MSTRUSDT	+0.0301%	8h	166.18	−0.264%	$16.7M	$40.4M	50x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	166.07	−0.329%	$271K	$435K	10x	as long as short
edgeX MSTRUSDC	+0.0663%	4h	166.58	−0.024%	$43K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1259%	1h	165.97	−0.390%	$282K	$438K	10x	as long as short