Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.022%
Price spread now: Ondo Perps against Gate−0.189%7-day average −0.094% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 7 days−0.277%−$28 · spread now −0.189%, 7d avg −0.094%
=Together, before fees−0.466%+ Points / potential airdropOndo Perps: Active · farm board−$47 on $10k · with fees, hour by hour
Funding pays, the price is against you. Ondo Perps is 0.094% cheaper against Gate than usual: you would sell low and buy high (spread −0.189% now, against its 7-day average of −0.094%). If the spread goes back, that is −$9 on $10k: about 6.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.190%, 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 | Gate MSTR_USDT | 164.10 | 0 | get 0.0000% / 8h | 41m 39s | $4.7M | $19.5M | 50x |
| Short | Ondo Perps MSTR-USD.P | 163.79 | 0.0050 | get 0.0006% / 1h | 41m 39s | $868K | $3.7M | 10x |
Gate MSTR_USDT
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Gate. 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
- $10.58
- Price spread: −0.189% → −0.094%
- −$9.45
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$18.86
- Costs to cover
- 0.200%
- Break-even
- 19.5 days
Slippage unknown: Gate: 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 Gate live order book, 2 min ago | 3.05 bp | 14.2 bp −$14 | 35.8 bp −$358 | 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 | −0.0418% | 8h | 164.21 | +0.067% | $29.5M | $118.9M | 25x | as long as short |
| Gate MSTR_USDTlong | 0.0000% | 8h | 164.10 | long leg | $4.7M | $19.5M | 50x | |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.11 | +0.006% | $2.8M | $81K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.84 | −0.161% | $502K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.193% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.12 | +0.012% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.06 | −0.024% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.07 | −0.018% | $380K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.0050% | 1h | 163.79 | −0.189% | $868K | $3.7M | 10x | |
| QFEX MSTR-USD | +0.0067% | 1h | 164.05 | −0.030% | $1.3M | $7.1M | 10x | as long as short |
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | +0.0079% | 8h | 163.91 | −0.115% | $1.8M | $8.7M | 50x | as long as short |
| Lighter MSTR | +0.0096% | 1h | 164.03 | −0.043% | $3.5M | $2.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.99 | −0.069% | $101K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.99 | −0.067% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.93 | −0.104% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.09 | −0.006% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.11 | +0.009% | $136 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 161.52 | −1.572% | $1.4M | $1.1M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0161% | 1h | 164.14 | +0.024% | $43K | $3K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0174% | 8h | 164.02 | −0.048% | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0198% | 8h | 164.04 | −0.037% | $20.9M | $100.1M | 50x | as long as short |
| Variational Omni MSTR | +0.0208% | 8h | 164.07 | −0.016% | $1.2M | $2.0M | — | as long as short |
| edgeX MSTRUSDC | +0.0258% | 4h | 164.02 | −0.046% | $46K | $5.4M | 10x | as long as short |
| Binance MSTRUSDT | +0.0272% | 8h | 164.06 | −0.026% | $84.5M | $621.5M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0285% | 8h | 164.08 | −0.012% | $85K | $849K | 10x | as long as short |
| Nado MSTR-PERP | +0.0337% | 1h | 164.00 | −0.059% | $126K | $165K | 3x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 164.09 | −0.006% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0392% | 8h | 164.04 | −0.037% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0418% | 8h | 164.04 | −0.037% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 164.09 | −0.006% | $267K | $422K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0511% | 1h | 164.13 | +0.018% | $54.3M | $37.8M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0909% | 1h | 164.14 | +0.024% | $279K | $437K | 10x | as long as short |
Aster MSTRUSDT
Lighter MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
SoDEX MSTR-USD
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
edgeX MSTRUSDC
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Nado MSTR-PERP
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL