MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0163%/8h= −17.9% APRnext payment −$0.20 per $10,000 · paid last 24h −0.004%

Price spread now: ApeX Omni against Nado+0.146%61s7-day average +0.011% · 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−$1461.464% of the position

Long on Nado Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.133%+$13 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.146%, 7d avg +0.011%

Together, before fees−0.088%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.135% dearer against Nado than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of +0.011%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 3 days funding on this pair paid +0.133%, so the current rate has only just turned against you. The two prices were read 61 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	Nado MSTR-PERP	164.04	0.0263	pay 0.0033% / 1h	35m 58s	$121K	$148K	3x
Short	ApeX Omni MSTRUSDT	164.28	0.0100	get 0.0013% / 1h	35m 58s	$6K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Nado. 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 NadobpFee ApeX OmnibpOrdersPrice spread, now +0.146%Rate

Funding earned: −$34.28
Price spread: +0.146% → +0.011%: $13.48
Slippage, 4 orders: −$129.35
Fee Nado: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$167.15
Costs to cover: 1.464%
Break-even: never at this rate

Slippage from Nado: live order book, 21 min ago; ApeX Omni: live order book, 33 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 Nado live order book, 21 min ago	6.66 bp	25.6 bp −$26	73.8 bp −$738	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	3.02 bp	51.9 bp −$52	doesn't fit	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	−0.0893%	8h	164.42	+0.231%	$27.7M	$115.2M	25x	as long as short
Gate MSTR_USDT	−0.0031%	8h	164.26	+0.133%	$4.6M	$18.5M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.16	+0.073%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.20	+0.097%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0003%	8h	164.28	+0.146%	$20.6M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.11	+0.042%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.95	−0.055%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.230%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.18	+0.085%	$266K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.52	+0.292%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.10	+0.036%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.08	+0.024%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.13	+0.054%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.08	+0.024%	$865K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.18	+0.085%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTR	+0.0067%	8h	164.09	+0.028%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.26	+0.131%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.12	+0.048%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	164.28	+0.146%	$6K	$185K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.14	+0.060%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.10	+0.035%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0130%	8h	164.23	+0.117%	$87.7M	$618.1M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	164.28	+0.145%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0165%	8h	164.79	+0.458%	$78K	$770K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	+0.048%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.34	+0.180%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0237%	1h	164.20	+0.097%	$54.7M	$36.9M	10x	as long as short
BloFin MSTR-USDT	+0.0250%	8h	164.36	+0.194%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERPlong	+0.0263%	1h	164.04	long leg	$121K	$148K	3x
Bybit MSTRUSDT	+0.0370%	8h	164.29	+0.152%	$17.0M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0421%	1h	164.13	+0.054%	$279K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0655%	4h	164.52	+0.293%	$50K	$5.4M	10x	as long as short