MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0498%/8h= +54.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.056%

Price spread now: RISEx against Nado+0.090%7-day average +0.036% · 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−$65as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on Nado Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.357%+$36 on $10k

Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.090%, 7d avg +0.036%

Together, before fees−0.062%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and RISEx is 0.054% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MSTR-PERP	165.95	0.0100	pay 0.0012% / 1h	8m 22s	$127K	$133K	3x
Short	RISEx MSTR/USDC	166.10	0.0598	get 0.0075% / 1h	8m 22s	$274K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.090%Rate

Funding earned: $104.61
Price spread: +0.090% → +0.036%: $5.43
Slippage, 4 orders: −$57.36
Fee Nado: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $39.68
Costs to cover: 0.704%
Break-even: 4.3 days

Slippage from Nado: live order book, 42 min ago; RISEx: live order book, 43 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, 42 min ago	10.28 bp	28.1 bp −$28	79.8 bp −$798	doesn't fit	doesn't fit
Sell RISEx live order book, 43 min ago	2.42 bp	5.4 bp −$5	6.2 bp −$62	doesn't fit	doesn't fit

MSTR on 32 exchanges

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
Gate MSTR_USDT	0.0000%	8h	166.10	+0.093%	$4.9M	$18.5M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.11	+0.099%	$32.0M	$106.5M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.10	+0.093%	$2.8M	$85K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.97	+0.018%	$511K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.20	+0.153%	—	$1.7M	25x	as long as short
Lighter MSTR	+0.0048%	1h	166.03	+0.051%	$3.5M	$1.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.00	+0.033%	$383K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.01	+0.039%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.86	−0.052%	$881K	$3.3M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	166.02	+0.045%	$1.3M	$6.2M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MSTR-PERPlong	+0.0100%	1h	165.95	long leg	$127K	$133K	3x
Pacifica MSTR	+0.0100%	1h	165.96	+0.006%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.01	+0.039%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.85	−0.058%	$6K	$157K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.08	+0.081%	$3K	$10K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0103%	8h	166.03	+0.049%	$66	—	5x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.07	+0.076%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	165.78	−0.100%	$1.4M	$390K	10x	as long as short
Aster MSTRUSDT	+0.0213%	8h	166.03	+0.051%	$1.8M	$7.0M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0271%	1h	166.03	+0.051%	$54.8M	$34.3M	10x	as long as short
Bybit MSTRUSDT	+0.0273%	8h	166.09	+0.087%	$17.1M	$38.2M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0275%	8h	166.05	+0.063%	$21.6M	$85.0M	50x	as long as short
Variational Omni MSTR	+0.0305%	8h	165.95	+0.001%	$1.2M	$1.7M	—	as long as short
edgeX MSTRUSDC	+0.0338%	4h	166.00	+0.035%	$49K	$5.0M	10x	as long as short
Phoenix MSTR	+0.0355%	1h	165.98	+0.022%	$55K	$217K	10x	as long as short
Binance MSTRUSDT	+0.0396%	8h	166.05	+0.063%	$86.9M	$545.4M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	165.22	−0.437%	$7K	$28K	30x	as long as short
GRVT MSTR_USDT_Perp	+0.0466%	8h	166.03	+0.050%	$80K	$843K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0473%	1h	166.03	+0.051%	$282K	$209K	10x	as long as short
BloFin MSTR-USDT	+0.0515%	8h	166.04	+0.057%	$1.1M	$1.9M	20x	as long as short
RISEx MSTR/USDCshort	+0.0598%	1h	166.10	+0.090%	$274K	$353K	10x
Arcus MSTR-USD	+0.0942%	1h	166.11	+0.099%	$26K	$71K	10x	as long as short