Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h +0.022%
Price spread now: Ondo Perps against ApeX Omni+0.059%52s7-day average −0.116% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−0.216%−$22 · spread now +0.059%, 7d avg −0.116%
=Together, before fees−0.203%+ Points / potential airdropOndo Perps: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.175% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.116%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSTRUSDT | 169.06 | 0.0100 | pay 0.0013% / 1h | 20m 09s | $4K | $552K | 50x |
| Short | Ondo Perps MSTR-USD.P | 169.16 | 0.0050 | get 0.0006% / 1h | 20m 09s | $782K | $5.1M | 10x |
ApeX Omni MSTRUSDT
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against ApeX Omni. 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
- −$10.42
- Price spread: +0.059% → −0.116%
- $17.47
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$7.95
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: ApeX Omni: live order book, 9 min ago; Ondo Perps: no order-book sample. 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 ApeX Omni live order book, 9 min ago | 2.96 bp | 32.4 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0079% | 1h | 169.23 | +0.102% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.18 | +0.071% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.30 | +0.142% | $89.4M | $629.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.36 | +0.177% | $22.1M | $107.0M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.35 | +0.174% | $276K | $442K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.23 | +0.101% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.35 | +0.174% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.29 | +0.137% | $83K | $935K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.26 | +0.118% | $2.9M | $62K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0020% | 8h | 169.47 | +0.243% | $1.1M | $1.8M | 20x | as long as short |
Nado MSTR-PERP
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.21 | +0.089% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.22 | +0.097% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0035% | 8h | 169.27 | +0.124% | $28.8M | $119.5M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.37 | +0.183% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.37 | +0.183% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.30 | +0.142% | $397K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.25 | +0.112% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.0050% | 1h | 169.16 | +0.059% | $782K | $5.1M | 10x | |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.66 | −0.237% | $1.5M | $1.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0063% | 8h | 169.31 | +0.148% | $15.2M | $40.8M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0084% | 8h | 169.31 | +0.149% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0092% | 1h | 169.24 | +0.106% | $57.0M | $37.7M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0099% | 4h | 169.17 | +0.064% | $47K | $5.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.26 | +0.116% | $104K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.13 | +0.041% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDTlong | +0.0100% | 1h | 169.06 | long leg | $4K | $552K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.27 | +0.124% | $3K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.28 | +0.132% | $141 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 168.76 | −0.176% | $56K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.29 | +0.136% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.41 | +0.207% | $27K | $129K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0696% | 1h | 169.28 | +0.130% | $288K | $439K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Coinbase International MSTR-PERP-INTX
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
edgeX MSTRUSDC
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
Deribit MSTR_USDC-PERPETUAL