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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0097%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h −0.025%
Price spread now: Nado against tradeXYZ−0.002%7-day average +0.029% · 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−$77as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Long on tradeXYZShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.163%−$16 on $10k
Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.002%, 7d avg +0.029%
Together, before fees+0.010%+ Points / potential airdroptradeXYZ: Active · Nado: Active · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.031% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.029%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR163.320.0265pay 0.0033% / 1h23m 05s$54.2M$37.1M10x
ShortNado MSTR-PERP163.320.0362get 0.0045% / 1h23m 05s$130K$157K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against tradeXYZ. 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

Funding earned
$20.46
Price spread: −0.002% → +0.029%
−$3.07
Slippage, 4 orders
−$48.79
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$56.4
Costs to cover
0.738%
Break-even
26.3 days
Slippage from tradeXYZ: live order book, 6 min ago; Nado: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 6 min ago0.31 bp11.0 bp −$1113.7 bp −$137doesn't fitdoesn't fit
Sell Nado live order book, 19 min ago7.06 bp28.6 bp −$2985.8 bp −$858doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0887%8h163.58+0.159%$29.0M$118.8M25xas long as short
Gate MSTR_USDT0.0000%8h163.42+0.061%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.55+0.141%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.29−0.018%$509K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.686%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.34+0.012%$26K$113K10xas long as short
Aster MSTRUSDT+0.0044%8h163.24−0.050%$1.8M$8.7M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.27−0.031%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.29−0.018%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.21−0.067%$857K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.44+0.073%$1.3M$7.2M10xas long as short
SoDEX MSTR-USD+0.0066%1h163.38+0.037%$43K$3K10xas long as short
Pacifica MSTR+0.0100%1h163.44+0.074%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.25−0.043%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.98−0.208%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.42+0.061%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.41+0.057%$136—10xas long as short
Lighter MSTR+0.0144%1h163.33+0.006%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.102%$1.4M$1.1M10xas long as short
Variational Omni MSTR+0.0158%8h163.34+0.010%$1.2M$2.1M—as long as short
OKX MSTR-USDT-SWAP+0.0160%8h163.40+0.049%$20.8M$100.5M50xas long as short
Paradex MSTR-USD-PERP+0.0171%8h163.48+0.100%$65—5xas long as short
Binance MSTRUSDT+0.0243%8h163.44+0.073%$84.0M$627.7M50xas long as short
GRVT MSTR_USDT_Perp+0.0248%8h163.15−0.104%$77K$878K10xas long as short
tradeXYZ xyz:MSTRlong+0.0265%1h163.32long leg$54.2M$37.1M10x
Phoenix MSTR+0.0328%1h163.35+0.021%$55K$223K10xas long as short
Nado MSTR-PERPshort+0.0362%1h163.32−0.002%$130K$157K3x
BloFin MSTR-USDT+0.0363%8h163.41+0.055%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.41+0.052%$265K$428K10xas long as short
Bybit MSTRUSDT+0.0385%8h163.42+0.061%$16.8M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0607%1h163.44+0.073%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0630%4h163.03−0.175%$46K$5.4M10xas long as short