MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0325%/8h= +35.6% APRnext payment +$0.41 per $10,000 · paid last 24h +0.020%

Price spread now: Injective against Nado+0.303%49s7-day average — · you sell dearer than you buy

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

Long on Nado Short on Injective

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Injective is 0.303% dearer against Nado than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	168.83	−0.0090	get 0.0011% / 1h	49m 59s	$139K	$97K	3x
Short	Injective MSTR/USDC PERP	169.34	0.0235	get 0.0029% / 1h	49m 59s	$8K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.303%Rate

Funding earned: $68.24
Price spread: +0.303% → 0.000%: $30.29
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $91.51
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 22 min ago; Injective: 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, 22 min ago	4.15 bp	24.0 bp −$24	78.6 bp −$786	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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-PERPlong	−0.0090%	1h	168.83	long leg	$139K	$97K	3x
Aster MSTRUSDT	0.0000%	8h	168.95	+0.070%	$1.2M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	168.92	+0.054%	$15.2M	$39.7M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.86	+0.019%	$21.8M	$103.8M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.88	+0.030%	$4.7M	$18.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.91	+0.048%	$28.6M	$115.2M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.96	+0.077%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.92	+0.054%	$2.9M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.82	−0.005%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.76	−0.038%	$584K	$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	+0.054%	$1.4M	$10.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.21	+0.226%	$27K	$119K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.06	+0.137%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.96	+0.078%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.85	+0.013%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.84	+0.007%	$747K	$5.0M	10x	as long as short
Binance MSTRUSDT	+0.0073%	8h	168.87	+0.024%	$89.2M	$621.4M	50x	as long as short
BloFin MSTR-USDT	+0.0075%	8h	168.87	+0.024%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.047%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0092%	8h	168.91	+0.048%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.94	+0.067%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.89	+0.036%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.05	+0.131%	$4K	$207K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.93	+0.060%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.35	+0.308%	$141	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0159%	1h	168.88	+0.030%	$57.0M	$35.5M	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0235%	1h	169.34	+0.303%	$8K	$26K	30x
GRVT MSTR_USDT_Perp	+0.0256%	8h	169.19	+0.214%	$77K	$859K	10x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	+0.200%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.97	+0.087%	$275K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0465%	4h	169.30	+0.280%	$48K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0639%	1h	168.96	+0.078%	$287K	$438K	10x	as long as short