MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.010%

Price spread now: Ondo Perps against Extended+0.150%7-day average +0.002% · you sell dearer than you buy

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

Long on Extended Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days−0.381%−$38 · spread now +0.150%, 7d avg +0.002%

Together, before fees−0.432%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.148% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	169.48	0.0032	pay 0.0004% / 1h	56m 50s	$581K	$1.7M	10x
Short	Ondo Perps MSTR-USD.P	169.73	0.0050	get 0.0006% / 1h	56m 50s	$764K	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Extended. 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 ExtendedbpFee Ondo PerpsbpOrdersPrice spread, now +0.150%Rate

Funding earned: $3.86
Price spread: +0.150% → +0.002%: $14.75
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $8.61
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Extended: live order book, 2 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 Extended live order book, 2 min ago	2.65 bp	8.4 bp −$8	18.1 bp −$181	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	−0.0116%	1h	169.83	+0.209%	$140K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.56	+0.051%	$1.3M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.63	+0.091%	$22.0M	$104.9M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.63	+0.091%	$4.7M	$18.8M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.44	−0.020%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.66	+0.109%	$2.9M	$66K	10x	as long as short
Bitget MSTRUSDT	+0.0031%	8h	169.56	+0.050%	$28.7M	$116.5M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.72	+0.144%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	169.48	long leg	$581K	$1.7M	10x
QFEX MSTR-USD	+0.0035%	1h	169.85	+0.221%	$1.5M	$10.2M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus MSTR-USD	+0.0040%	1h	169.64	+0.097%	$27K	$123K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	170.06	+0.345%	—	$2.1M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0046%	8h	169.55	+0.045%	$77K	$871K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.65	+0.103%	$400K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	169.73	+0.150%	$764K	$5.2M	10x
BloFin MSTR-USDT	+0.0057%	8h	169.81	+0.197%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0070%	8h	169.67	+0.114%	$89.6M	$625.5M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.428%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0094%	8h	169.77	+0.172%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.82	+0.205%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.55	+0.044%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.29	−0.110%	$4K	$223K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.80	+0.191%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.58	+0.060%	$141	—	10x	as long as short
Bybit MSTRUSDT	+0.0136%	8h	169.72	+0.144%	$15.2M	$40.0M	50x	as long as short
SoDEX MSTR-USD	+0.0197%	1h	169.77	+0.173%	$45K	$3K	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.49	+0.008%	$13K	$21K	30x	as long as short
Phoenix MSTR	+0.0260%	1h	169.47	−0.002%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.88	+0.241%	$277K	$440K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0356%	1h	169.56	+0.050%	$57.2M	$37.0M	10x	as long as short
edgeX MSTRUSDC	+0.0365%	4h	169.54	+0.038%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0457%	1h	169.79	+0.185%	$289K	$438K	10x	as long as short