Funding you earn now, next payment 03:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.156%
Price spread now: Nado against edgeX+0.211%62s7-day average −0.017% · 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—prices read too far apart to compare
costs, in and out, $10k−$780.780% of the position
Funding, last 3 days (all we have)−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.211%, 7d avg −0.017%
=Together, before fees−0.282%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.228% dearer against edgeX than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of −0.017%): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 3 days (−0.123% in total) that is about 6.1 days. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 164.71 | 0.0277 | pay 0.0139% / 4h | 1h 27m | $49K | $5.4M | 10x |
| Short | Nado MSTR-PERP | 165.06 | 0.0218 | get 0.0027% / 1h | 27m 35s | $122K | $150K | 3x |
edgeX MSTRUSDC
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against edgeX. 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
- −$12.4
- Price spread: +0.211% → −0.017%
- $22.77
- Slippage, 4 orders
- −$61.97
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$67.6
- Costs to cover
- 0.780%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 1 min ago; Nado: live order book, 35 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 edgeX live order book, 1 min ago | 4.84 bp | 10.9 bp −$11 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Nado live order book, 35 min ago | 6.99 bp | 30.2 bp −$30 | 92.1 bp −$921 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.1175% | 8h | 165.12 | +0.250% | $27.8M | $114.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 165.07 | +0.219% | $1.9M | $8.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 165.01 | +0.183% | $20.7M | $99.9M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 165.06 | +0.213% | $4.6M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.14 | +0.262% | $2.8M | $71K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.96 | +0.153% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.81 | +0.064% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.812% | $8K | $26K | 30x | as long as short |
| Variational Omni MSTR | +0.0034% | 8h | 165.14 | +0.262% | $1.2M | $2.1M | — | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.10 | +0.238% | $27K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Variational Omni MSTR
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.19 | +0.292% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 165.09 | +0.231% | $383K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.94 | +0.140% | $868K | $4.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.98 | +0.165% | $1.4M | $7.6M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0062% | 1h | 164.92 | +0.128% | $54.9M | $36.8M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.92 | +0.126% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.96 | +0.153% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.15 | +0.268% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.13 | +0.256% | $3K | $8K | 10x | as long as short |
| Binance MSTRUSDT | +0.0101% | 8h | 165.04 | +0.201% | $88.4M | $618.2M | 50x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.12 | +0.250% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0139% | 8h | 164.97 | +0.158% | $66 | — | 5x | as long as short |
| SoDEX MSTR-USD | +0.0172% | 1h | 165.11 | +0.244% | $43K | $3K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0173% | 8h | 165.30 | +0.361% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.376% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0218% | 1h | 165.06 | +0.211% | $122K | $150K | 3x | |
| BloFin MSTR-USDT | +0.0220% | 8h | 165.14 | +0.262% | $1.0M | $2.0M | 20x | as long as short |
| edgeX MSTRUSDClong | +0.0277% | 4h | 164.71 | long leg | $49K | $5.4M | 10x | |
| RISEx MSTR/USDC | +0.0291% | 1h | 165.03 | +0.192% | $270K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 165.09 | +0.232% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0338% | 8h | 165.08 | +0.225% | $17.2M | $40.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0598% | 1h | 165.17 | +0.280% | $281K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Binance MSTRUSDT
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
SoDEX MSTR-USD
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
RISEx MSTR/USDC
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL