Funding you earn now, next payment 07:00 UTC+0.0357%/8h= +39.0% APRpaid last 24h +0.038%
Price spread now: Nado against Phemex−0.147%7-day average −0.054% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.147%, 7d avg −0.054%
=Together, before fees+0.154%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.093% cheaper against Phemex than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.054%). If the spread goes back, that is −$9 on $10k: about 21 hours of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.004% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.004% in total (about 0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 163.28 | 0 | get 0.0000% / 4h | 1h 26m | $2.7M | $79K | 10x |
| Short | Nado MSTR-PERP | 163.04 | 0.0357 | get 0.0045% / 1h | 26m 10s | $130K | $157K | 3x |
Phemex MSTRUSDT
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phemex. 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
- $74.89
- Price spread: −0.147% → −0.054%
- −$9.35
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $46.54
- Costs to cover
- 0.190%
- Break-even
- 2.6 days
Slippage unknown: Phemex: live order book, 2 min ago; Nado: live order book, 16 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 Phemex live order book, 2 min ago | 6.44 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 16 min ago | 7.06 bp | 28.6 bp −$29 | 85.8 bp −$858 | 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 | −0.0932% | 8h | 163.57 | +0.178% | $28.9M | $118.8M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.46 | +0.110% | $4.7M | $19.6M | 50x | as long as short |
| Phemex MSTRUSDTlong | 0.0000% | 4h | 163.28 | long leg | $2.7M | $79K | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.14 | −0.086% | $508K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.711% | $8K | $26K | 30x | as long as short |
| Aster MSTRUSDT | +0.0036% | 8h | 163.21 | −0.043% | $1.8M | $8.7M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.01 | −0.165% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.95 | −0.202% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.22 | −0.037% | $378K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.24 | −0.024% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Aster MSTRUSDT
Arcus MSTR-USD
Vest MSTR-USD-PERP
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 | 162.83 | −0.276% | $857K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0057% | 1h | 163.27 | −0.006% | $1.3M | $7.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.22 | −0.036% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.18 | −0.061% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.70 | −0.355% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.30 | +0.012% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.31 | +0.015% | $136 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0151% | 8h | 162.75 | −0.327% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.34 | +0.037% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.078% | $1.4M | $1.1M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0154% | 8h | 163.48 | +0.122% | $20.8M | $100.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0167% | 8h | 163.27 | −0.009% | $65 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0234% | 8h | 163.46 | +0.108% | $84.0M | $627.6M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0242% | 8h | 162.87 | −0.251% | $77K | $878K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0278% | 1h | 163.33 | +0.031% | $54.2M | $37.4M | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 162.77 | −0.312% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0352% | 8h | 163.17 | −0.067% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERPshort | +0.0357% | 1h | 163.04 | −0.147% | $130K | $157K | 3x | |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.32 | +0.024% | $265K | $428K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0388% | 8h | 163.51 | +0.141% | $16.8M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0496% | 4h | 162.92 | −0.223% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1160% | 1h | 163.37 | +0.055% | $278K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
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
OKX MSTR-USDT-SWAP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
Phoenix MSTR
BloFin MSTR-USDT
RISEx MSTR/USDC
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL