MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0332%/8h= −36.3% APRnext payment −$0.41 per $10,000 · paid last 24h −0.020%

Price spread now: Nado against Injective−0.284%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Nado is 0.284% cheaper against Injective than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.34	0.0235	pay 0.0029% / 1h	48m 49s	$8K	$26K	30x
Short	Nado MSTR-PERP	168.86	−0.0096	pay 0.0012% / 1h	48m 49s	$139K	$97K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now −0.284%Rate

Funding earned: −$69.69
Price spread: −0.284% → 0.000%: −$28.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$105.08
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Nado: live order book, 24 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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 24 min ago	4.15 bp	11.3 bp −$11	69.4 bp −$694	doesn't fit	doesn't fit

Injective: 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
Nado MSTR-PERPshort	−0.0096%	1h	168.86	−0.284%	$139K	$97K	3x
Aster MSTRUSDT	0.0000%	8h	169.12	−0.130%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.15	−0.112%	$15.2M	$39.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.05	−0.171%	$21.9M	$103.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.09	−0.148%	$4.7M	$18.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	169.11	−0.136%	$28.6M	$115.1M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.96	−0.225%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.10	−0.142%	$2.9M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.98	−0.213%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.92	−0.248%	$579K	$1.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	168.92	−0.248%	$1.4M	$10.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.15	−0.112%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.03	−0.183%	—	$2.0M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.95	−0.230%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.93	−0.242%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.80	−0.319%	$747K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0063%	8h	169.09	−0.148%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0072%	8h	169.09	−0.148%	$89.3M	$621.1M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.348%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0091%	8h	168.94	−0.238%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.95	−0.231%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.06	−0.165%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.89	−0.266%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.00	−0.201%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.10	−0.142%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0170%	1h	169.11	−0.136%	$57.1M	$35.5M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0235%	1h	169.34	long leg	$8K	$26K	30x
GRVT MSTR_USDT_Perp	+0.0256%	8h	169.19	−0.089%	$77K	$859K	10x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	−0.102%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.03	−0.184%	$275K	$440K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0460%	1h	169.04	−0.177%	$287K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0465%	4h	169.30	−0.023%	$48K	$5.5M	10x	as long as short