MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: Nado against SoDEX−0.038%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Nado is 0.038% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	165.81	0.0050	pay 0.0006% / 1h	26m 49s	$44K	$3K	10x
Short	Nado MSTR-PERP	165.75	0.0061	get 0.0008% / 1h	26m 49s	$127K	$127K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SoDEX. 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 SoDEXbpFee NadobpOrdersPrice spread, now −0.038%Rate

Funding earned: $2.39
Price spread: −0.038% → 0.000%: −$3.81
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$16.42
Costs to cover: 0.150%
Break-even: 55.1 days

Slippage unknown: SoDEX: no order-book sample; Nado: live order book, 19 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 SoDEX no order-book sample	—	—	—	—	—
Sell Nado live order book, 19 min ago	16.24 bp	49.3 bp −$49	107.4 bp −$1,074	doesn't fit	doesn't fit

SoDEX: 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 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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.356%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	165.94	+0.078%	$4.9M	$17.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.87	+0.036%	$32.1M	$104.0M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.82	+0.006%	$2.8M	$82K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.78	−0.018%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.72	−0.054%	$509K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.85	+0.024%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	165.81	0.000%	$1.3M	$5.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.78	−0.018%	$379K	$2.4M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	165.81	long leg	$44K	$3K	10x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.75	−0.036%	$852K	$3.3M	10x	as long as short
Nado MSTR-PERPshort	+0.0061%	1h	165.75	−0.038%	$127K	$127K	3x
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.80	−0.006%	$1.4M	$358K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.80	−0.007%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.78	−0.018%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.74	−0.042%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.82	+0.006%	$2K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.90	+0.052%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0106%	8h	165.85	+0.022%	$66	—	5x	as long as short
Bybit MSTRUSDT	+0.0191%	8h	165.89	+0.048%	$16.5M	$37.9M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0241%	1h	165.77	−0.024%	$54.8M	$33.9M	10x	as long as short
Aster MSTRUSDT	+0.0281%	8h	165.86	+0.033%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0284%	8h	165.84	+0.018%	$21.8M	$81.6M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	165.90	+0.056%	$55K	$213K	10x	as long as short
Variational Omni MSTR	+0.0379%	8h	165.88	+0.040%	$1.2M	$1.7M	—	as long as short
RISEx MSTR/USDC	+0.0436%	1h	165.90	+0.054%	$274K	$350K	10x	as long as short
Binance MSTRUSDT	+0.0464%	8h	165.88	+0.043%	$87.2M	$525.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0534%	1h	165.84	+0.018%	$282K	$189K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0582%	8h	165.86	+0.030%	$81K	$878K	10x	as long as short
BloFin MSTR-USDT	+0.0607%	8h	165.86	+0.030%	$1.1M	$2.0M	20x	as long as short
Arcus MSTR-USD	+0.0824%	1h	165.94	+0.078%	$26K	$71K	10x	as long as short
edgeX MSTRUSDC	+0.0833%	4h	165.85	+0.025%	$48K	$4.7M	10x	as long as short