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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.097%
Price spread now: Ondo Perps against Arcus−0.037%7-day average −0.126% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ArcusShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.037%, 7d avg −0.126%
Together, before fees−0.019%+ Points / potential airdropOndo Perps: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Ondo Perps is 0.089% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.126%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSTR-USD163.830.0040pay 0.0005% / 1h1m 03s$26K$109K10x
ShortOndo Perps MSTR-USD.P163.770.0050get 0.0006% / 1h1m 03s$817K$4.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Arcus. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$2.13
Price spread: −0.037% → −0.126%
$8.89
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$1.52
Costs to cover
0.095%
Break-even
2.0 days
Slippage unknown: Arcus: live order book, 52 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
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 52 min ago6.07 bp10.0 bp −$1039.7 bp −$397doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0975%8h163.82−0.006%$27.1M$116.6M25xas long as short
Aster MSTRUSDT0.0000%8h163.66−0.101%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.74−0.055%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.91+0.049%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.60−0.140%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.54−0.177%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.363%$8K$26K30xas long as short
Arcus MSTR-USDlong+0.0040%1h163.83long leg$26K$109K10x
OKX MSTR-USDT-SWAP+0.0042%8h163.72−0.067%$20.7M$99.0M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.38−0.275%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.58−0.153%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.64−0.116%$43K$3K10xas long as short
Ondo Perps MSTR-USD.Pshort+0.0050%1h163.77−0.037%$817K$4.0M10x
QFEX MSTR-USD+0.0067%1h163.60−0.140%$1.4M$7.2M10xas long as short
Paradex MSTR-USD-PERP+0.0074%8h163.57−0.158%$65—5xas long as short
Variational Omni MSTR+0.0089%8h163.65−0.112%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.61−0.132%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.55−0.171%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.60−0.140%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.58−0.153%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.61−0.134%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0149%8h163.93+0.063%$83K$824K10xas long as short
Binance MSTRUSDT+0.0155%8h163.67−0.098%$85.8M$619.0M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.159%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h163.64−0.116%$265K$445K10xas long as short
Nado MSTR-PERP+0.0238%1h163.49−0.206%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0252%1h163.64−0.116%$54.5M$37.1M10xas long as short
BloFin MSTR-USDT+0.0275%8h163.73−0.061%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0312%8h163.73−0.061%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.67−0.096%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0595%4h163.80−0.018%$48K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0851%1h163.65−0.110%$278K$438K10xas long as short