Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%
Price spread now: Ondo Perps against KuCoin−0.189%7-day average −0.055% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now −0.189%, 7d avg −0.055%
=Together, before fees+0.160%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.134% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.107%, 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 | KuCoin MSTRUSDTM | 163.85 | 0.0100 | pay 0.0100% / 8h | 3h 21m | $2.4M | $2.7M | 20x |
| Short | Ondo Perps MSTR-USD.P | 163.54 | 0.0050 | get 0.0006% / 1h | 21m 34s | $846K | $3.9M | 10x |
KuCoin MSTRUSDTM
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against KuCoin. 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
- −$10.42
- Price spread: −0.189% → −0.055%
- −$13.39
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$40.81
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago | 2.75 bp | 27.3 bp −$27 | doesn't fit | 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 | −0.0948% | 8h | 164.15 | +0.183% | $27.3M | $116.3M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.98 | +0.081% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.04 | +0.116% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.73 | −0.073% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.93 | +0.049% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.88 | +0.015% | $588K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.351% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.95 | +0.061% | $26K | $110K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0045% | 8h | 164.03 | +0.110% | $20.7M | $99.0M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.74 | −0.067% | — | $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 | 163.97 | +0.073% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.72 | −0.079% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.0050% | 1h | 163.54 | −0.189% | $846K | $3.9M | 10x | |
| Paradex MSTR-USD-PERP | +0.0065% | 8h | 163.98 | +0.080% | $66 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.95 | +0.061% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.93 | +0.046% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTMlong | +0.0100% | 8h | 163.85 | long leg | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.77 | −0.049% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.67 | −0.110% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.69 | −0.100% | $136 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0106% | 8h | 163.95 | +0.064% | $1.2M | $2.1M | — | as long as short |
| Binance MSTRUSDT | +0.0165% | 8h | 164.05 | +0.120% | $86.6M | $617.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | +0.018% | $1.4M | $1.1M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0171% | 8h | 164.00 | +0.092% | $75K | $825K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.03 | +0.110% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0255% | 1h | 163.82 | −0.021% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0260% | 1h | 164.03 | +0.110% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0288% | 8h | 163.84 | −0.006% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0325% | 8h | 164.07 | +0.134% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.95 | +0.063% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0382% | 4h | 163.84 | −0.009% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0606% | 1h | 163.72 | −0.079% | $278K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Paradex MSTR-USD-PERP
QFEX MSTR-USD
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL