Funding you earn now, next payment 05:00 UTC+0.0185%/8h= +20.3% APRnext payment +$0.23 per $10,000 · paid last 24h +0.019%
Price spread now: Nado against QFEX−0.028%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 3 days (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.305%+$31 · spread now −0.028%, 7d avg −0.004%
=Together, before fees+0.281%+ Points / potential airdropNado: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.024% cheaper against QFEX than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of −0.004%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.024% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. 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 | QFEX MSTR-USD | 163.93 | 0.0067 | pay 0.0008% / 1h | 17m 57s | $1.4M | $7.3M | 10x |
| Short | Nado MSTR-PERP | 163.88 | 0.0252 | get 0.0031% / 1h | 17m 57s | $121K | $148K | 3x |
QFEX MSTR-USD
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against QFEX. 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
- $38.91
- Price spread: −0.028% → −0.004%
- −$2.38
- Slippage, 4 orders
- −$53.16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$33.64
- Costs to cover
- 0.702%
- Break-even
- 13.1 days
Slippage from QFEX: live order book, 6 min ago; Nado: live order book, 34 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 QFEX live order book, 6 min ago | 1.53 bp | 6.5 bp −$7 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell Nado live order book, 34 min ago | 5.77 bp | 30.5 bp −$31 | 82.2 bp −$822 | 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 | −0.0946% | 8h | 164.22 | +0.177% | $27.2M | $116.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.10 | +0.104% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.16 | +0.140% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.17 | +0.146% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.06 | +0.079% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.95 | +0.012% | $601K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.300% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.07 | +0.085% | $26K | $110K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.80 | −0.079% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0047% | 8h | 164.14 | +0.128% | $20.8M | $99.1M | 50x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
OKX MSTR-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.96 | +0.018% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.06 | +0.079% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.80 | −0.079% | $846K | $3.9M | 10x | as long as short |
| QFEX MSTR-USDlong | +0.0067% | 1h | 163.93 | long leg | $1.4M | $7.3M | 10x | |
| Paradex MSTR-USD-PERP | +0.0068% | 8h | 163.97 | +0.024% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.94 | +0.009% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.97 | +0.024% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.89 | −0.024% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.04 | +0.067% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0102% | 8h | 164.03 | +0.059% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.05 | +0.076% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0165% | 8h | 164.16 | +0.138% | $86.5M | $618.5M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0166% | 8h | 164.07 | +0.083% | $76K | $826K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | −0.031% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.99 | +0.034% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0252% | 1h | 163.88 | −0.028% | $121K | $148K | 3x | |
| tradeXYZ xyz:MSTR | +0.0264% | 1h | 164.08 | +0.092% | $54.7M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0284% | 8h | 164.04 | +0.067% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0323% | 8h | 164.20 | +0.165% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.02 | +0.052% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0400% | 4h | 163.93 | −0.003% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0726% | 1h | 164.12 | +0.116% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL