Funding you earn now, next payment 06:00 UTC−0.0924%/8h= −101.1% APRnext payment −$1.15 per $10,000 · paid last 24h −0.201%
Price spread now: Ondo Perps against Deribit+0.031%7-day average −0.148% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)−0.484%−$48 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.031%, 7d avg −0.148%
=Together, before fees−0.517%+ Points / potential airdropOndo Perps: Active · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.179% dearer against Deribit than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.148%): +$18 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 5 days (−0.484% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSTR_USDC-PERPETUAL | 163.60 | 0.0974 | pay 0.0122% / 1h | 53m 28s | $278K | $438K | 10x |
| Short | Ondo Perps MSTR-USD.P | 163.65 | 0.0050 | get 0.0006% / 1h | 53m 28s | $817K | $3.9M | 10x |
Deribit MSTR_USDC-PERPETUAL
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Deribit. 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
- −$193.95
- Price spread: +0.031% → −0.148%
- $17.86
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$188.09
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Deribit: live order book, 60 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 Deribit live order book, 60 min ago | 5.77 bp | 9.3 bp −$9 | 11.3 bp −$113 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0988% | 8h | 163.89 | +0.177% | $27.1M | $116.9M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.64 | +0.026% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.73 | +0.079% | $4.6M | $19.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.97 | +0.226% | $2.8M | $77K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0003% | 4h | 163.64 | +0.024% | $48K | $5.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.49 | −0.070% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.509% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.73 | +0.079% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.36 | −0.147% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.63 | +0.018% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
edgeX MSTRUSDC
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USD | +0.0050% | 1h | 163.63 | +0.018% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.0050% | 1h | 163.65 | +0.031% | $817K | $3.9M | 10x | |
| QFEX MSTR-USD | +0.0054% | 1h | 163.63 | +0.018% | $1.4M | $7.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0055% | 8h | 163.72 | +0.073% | $20.7M | $99.1M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.70 | +0.061% | $265K | $446K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0094% | 8h | 163.64 | +0.027% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0094% | 8h | 163.78 | +0.111% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.67 | +0.044% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.64 | +0.024% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.61 | +0.006% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.57 | −0.018% | $4K | $8K | 10x | as long as short |
| Lighter MSTR | +0.0104% | 1h | 163.58 | −0.012% | $3.5M | $1.9M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.58 | −0.015% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0153% | 8h | 163.82 | +0.134% | $83K | $824K | 10x | as long as short |
| Binance MSTRUSDT | +0.0162% | 8h | 163.71 | +0.066% | $85.9M | $619.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.018% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0280% | 8h | 163.68 | +0.049% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0304% | 1h | 163.48 | −0.071% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0325% | 8h | 163.74 | +0.086% | $16.7M | $41.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0329% | 1h | 163.74 | +0.086% | $54.5M | $37.1M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.69 | +0.056% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | +0.0974% | 1h | 163.60 | long leg | $278K | $438K | 10x |
SoDEX MSTR-USD
QFEX MSTR-USD
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Paradex MSTR-USD-PERP
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Lighter MSTR
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Phoenix MSTR