Funding you earn now, next payment 21:00 UTC+0.0139%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h −0.016%
Price spread now: Aevo against Nado+0.102%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aevo is 0.102% dearer against Nado than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSTR-PERP | 169.92 | −0.0035 | get 0.0004% / 1h | 31m 15s | $140K | $107K | 3x |
| Short | Aevo MSTR-PERP | 170.09 | 0.0104 | get 0.0013% / 1h | 31m 15s | $141 | — | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Nado. 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
- $29.28
- Price spread: +0.102% → 0.000%
- $10.15
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $16.44
- Costs to cover
- 0.230%
- Break-even
- 3.1 days
Slippage unknown: Nado: live order book, 16 min ago; Aevo: no order-book sample. 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 Nado live order book, 16 min ago | 5.61 bp | 31.7 bp −$32 | 71.8 bp −$718 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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-PERPlong | −0.0035% | 1h | 169.92 | long leg | $140K | $107K | 3x | |
| RISEx MSTR/USDC | 0.0000% | 1h | 170.04 | +0.072% | $295K | $474K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.96 | +0.025% | $4.9M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.99 | +0.042% | $2.9M | $53K | 10x | as long as short |
| Variational Omni MSTR | +0.0013% | 8h | 169.83 | −0.053% | $1.2M | $2.4M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 169.98 | +0.036% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.89 | −0.018% | $584K | $1.9M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0041% | 8h | 170.03 | +0.068% | $80K | $950K | 10x | as long as short |
| QFEX MSTR-USD | +0.0044% | 1h | 170.00 | +0.048% | $1.5M | $10.1M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 170.35 | +0.254% | — | $2.0M | 25x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTX | +0.0048% | 1h | 170.00 | +0.048% | $1.5M | $1.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.94 | +0.013% | $410K | $2.5M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.79 | −0.075% | $822K | $4.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0075% | 8h | 170.00 | +0.050% | $68 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0078% | 8h | 170.01 | +0.054% | $22.3M | $108.3M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0079% | 1h | 169.99 | +0.042% | $45K | $3K | 10x | as long as short |
| Aster MSTRUSDT | +0.0081% | 8h | 170.00 | +0.046% | $1.3M | $6.2M | 50x | as long as short |
| Phoenix MSTR | +0.0090% | 1h | 169.79 | −0.077% | $57K | $389K | 10x | as long as short |
| Binance MSTRUSDT | +0.0095% | 8h | 169.98 | +0.034% | $89.3M | $625.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0099% | 1h | 169.93 | +0.007% | $57.2M | $37.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.94 | +0.015% | $104K | $153K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.87 | −0.028% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.76 | −0.093% | $4K | $1.3M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 170.01 | +0.054% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERPshort | +0.0104% | 1h | 170.09 | +0.102% | $141 | — | 10x | |
| BloFin MSTR-USDT | +0.0122% | 8h | 169.98 | +0.036% | $1.1M | $1.7M | 20x | as long as short |
| Bitget MSTRUSDT | +0.0156% | 8h | 170.02 | +0.060% | $29.0M | $118.4M | 25x | as long as short |
| Injective MSTR/USDC PERP | +0.0171% | 1h | 169.97 | +0.030% | $13K | $22K | 30x | as long as short |
| Bybit MSTRUSDT | +0.0234% | 8h | 170.05 | +0.078% | $15.6M | $42.2M | 50x | as long as short |
| Arcus MSTR-USD | +0.0451% | 1h | 170.11 | +0.113% | $27K | $129K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0456% | 1h | 170.02 | +0.060% | $289K | $439K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0938% | 4h | 169.75 | −0.100% | $50K | $5.4M | 10x | as long as short |
RISEx MSTR/USDC
Gate MSTR_USDT
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Polymarket Perps MSTR-USD
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
SoDEX MSTR-USD
Aster MSTRUSDT
Phoenix MSTR
Binance MSTRUSDT
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
BloFin MSTR-USDT
Bitget MSTRUSDT
Injective MSTR/USDC PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC