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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0034%/8h= −3.8% APRpaid last 24h −0.047%
Price spread now: Nado against BloFin−0.036%7-day average −0.039% · 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−$72as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Long on BloFinShort 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)+0.051%+$5 · spread now −0.036%, 7d avg −0.039%
Together, before fees−0.135%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSTR-USDT163.820.0274pay 0.0274% / 8h3h 06m$1.0M$2.1M20x
ShortNado MSTR-PERP163.760.0240get 0.0030% / 1h6m 07s$121K$148K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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

Funding earned
−$7.21
Price spread: −0.036% → −0.039%
$0.35
Slippage, 4 orders
−$53.31
Fee BloFin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$79.17
Costs to cover
0.723%
Break-even
never at this rate
Slippage from BloFin: live order book, 2 min ago; Nado: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 2 min ago0.92 bp6.9 bp −$78.8 bp −$8818.7 bp −$1,866doesn't fit
Sell Nado live order book, 46 min ago5.77 bp30.5 bp −$3182.2 bp −$822doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0975%8h164.02+0.122%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.92+0.063%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.96+0.085%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.95+0.079%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.90+0.049%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.74−0.049%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.370%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.84+0.012%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0041%8h163.94+0.073%$20.7M$99.0M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.58−0.147%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.81−0.006%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.86+0.024%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.47−0.214%$817K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.83+0.006%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0073%8h163.86+0.024%$66—5xas long as short
Variational Omni MSTR+0.0091%8h163.69−0.076%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.87+0.032%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.820.000%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.50−0.195%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.89+0.043%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.88+0.037%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0145%8h163.66−0.098%$83K$837K10xas long as short
Binance MSTRUSDT+0.0155%8h163.94+0.073%$86.1M$619.1M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.153%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.90+0.047%$266K$445K10xas long as short
Nado MSTR-PERPshort+0.0240%1h163.76−0.036%$121K$148K3x
tradeXYZ xyz:MSTR+0.0256%1h163.85+0.018%$54.6M$37.1M10xas long as short
BloFin MSTR-USDTlong+0.0274%8h163.82long leg$1.0M$2.1M20x
Bybit MSTRUSDT+0.0316%8h163.97+0.092%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.78−0.024%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0686%4h163.69−0.078%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0727%1h163.97+0.092%$279K$438K10xas long as short