Funding you earn now, next payment 06:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.003%
Price spread now: Nado against Paradex+0.024%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
=Together, before fees—+ Points / potential airdropParadex: Active · Nado: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Nado is 0.024% dearer against Paradex than usual: you sell high and buy low: +$2 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 | Paradex MSTR-USD-PERP | 161.85 | 0.0145 | pay 0.0145% / 8h | 2h 24m | $65 | — | 5x |
| Short | Nado MSTR-PERP | 161.89 | 0.0363 | get 0.0045% / 1h | 24m 53s | $129K | $157K | 3x |
Paradex MSTR-USD-PERP
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Paradex. 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
- $45.86
- Price spread: +0.024% → 0.000%
- $2.38
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $37.24
- Costs to cover
- 0.110%
- Break-even
- 1.3 days
Slippage unknown: Paradex: no order-book sample; Nado: live order book, 22 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 22 min ago | 8.25 bp | 31.4 bp −$31 | 85.6 bp −$856 | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.1248% | 8h | 162.28 | +0.268% | $26.8M | $117.8M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 161.85 | +0.001% | $1.7M | $8.7M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 162.01 | +0.101% | $4.6M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 162.30 | +0.280% | $2.7M | $77K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0028% | 1h | 161.44 | −0.251% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 161.74 | −0.069% | $495K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.630% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.00 | +0.095% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 161.94 | +0.058% | $374K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 161.78 | −0.041% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 161.62 | −0.140% | $863K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 161.95 | +0.064% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 161.89 | +0.030% | $263K | $443K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0093% | 8h | 162.00 | +0.095% | $20.4M | $99.6M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 161.86 | +0.007% | $99K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 161.81 | −0.023% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 161.54 | −0.190% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 161.90 | +0.033% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 161.90 | +0.032% | $134 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0121% | 8h | 161.70 | −0.089% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0144% | 1h | 161.98 | +0.082% | $3.4M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0145% | 8h | 161.85 | long leg | $65 | — | 5x | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −0.202% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0194% | 8h | 161.95 | +0.064% | $83.6M | $627.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0209% | 8h | 162.29 | +0.276% | $77K | $849K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0314% | 8h | 162.02 | +0.107% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0333% | 1h | 161.87 | +0.014% | $53.8M | $37.4M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 162.41 | +0.348% | $55K | $226K | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0363% | 1h | 161.89 | +0.024% | $129K | $157K | 3x | |
| Bybit MSTRUSDT | +0.0371% | 8h | 162.02 | +0.107% | $16.7M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0394% | 4h | 161.77 | −0.047% | $44K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0800% | 1h | 162.03 | +0.113% | $276K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Lighter MSTR
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL