Funding you earn now, next payment 05:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.012%
Price spread now: Ondo Perps against GRVT−0.099%7-day average −0.136% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.099%, 7d avg −0.136%
=Together, before fees−0.065%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.036% dearer against GRVT than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.136%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MSTR_USDT_Perp | 163.93 | 0.0149 | pay 0.0149% / 8h | 3h 01m | $83K | $824K | 10x |
| Short | Ondo Perps MSTR-USD.P | 163.77 | 0.0050 | get 0.0006% / 1h | 1m 03s | $817K | $4.0M | 10x |
GRVT MSTR_USDT_Perp
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against GRVT. 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
- −$20.71
- Price spread: −0.099% → −0.136%
- $3.64
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$31.07
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: GRVT: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GRVT live order book, 52 min ago | 1.22 bp | 11.8 bp −$12 | 15.6 bp −$156 | 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 | −0.0975% | 8h | 163.82 | −0.069% | $27.1M | $116.6M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.66 | −0.164% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.74 | −0.118% | $4.6M | $19.3M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.91 | −0.014% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.60 | −0.203% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.54 | −0.240% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.298% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.83 | −0.063% | $26K | $109K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0042% | 8h | 163.72 | −0.130% | $20.7M | $99.0M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.38 | −0.337% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
OKX MSTR-USDT-SWAP
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.58 | −0.215% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.64 | −0.179% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.0050% | 1h | 163.77 | −0.099% | $817K | $4.0M | 10x | |
| QFEX MSTR-USD | +0.0067% | 1h | 163.60 | −0.203% | $1.4M | $7.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0074% | 8h | 163.57 | −0.221% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0089% | 8h | 163.65 | −0.175% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.61 | −0.195% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.55 | −0.234% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.60 | −0.203% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.58 | −0.215% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.61 | −0.197% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perplong | +0.0149% | 8h | 163.93 | long leg | $83K | $824K | 10x | |
| Binance MSTRUSDT | +0.0155% | 8h | 163.67 | −0.160% | $85.8M | $619.0M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.221% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.64 | −0.179% | $265K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0238% | 1h | 163.49 | −0.268% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0252% | 1h | 163.64 | −0.179% | $54.5M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0275% | 8h | 163.73 | −0.124% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0312% | 8h | 163.73 | −0.124% | $16.6M | $41.2M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.67 | −0.159% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0595% | 4h | 163.80 | −0.081% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0851% | 1h | 163.65 | −0.173% | $278K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
QFEX MSTR-USD
Paradex MSTR-USD-PERP
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL