MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: ApeX Omni against Ondo Perps−0.065%7-day average +0.114% · you buy dearer than you sell

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

Long on Ondo Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.065%, 7d avg +0.114%

Together, before fees+0.185%+ Points / potential airdropOndo Perps: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.178% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.114%). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MSTR-USD.P	169.73	0.0050	pay 0.0006% / 1h	54m 57s	$765K	$5.1M	10x
Short	ApeX Omni MSTRUSDT	169.62	0.0100	get 0.0013% / 1h	54m 57s	$4K	$207K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Ondo Perps. 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 Ondo PerpsbpFee ApeX OmnibpOrdersPrice spread, now −0.065%Rate

Funding earned: $10.42
Price spread: −0.065% → +0.114%: −$17.85
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$22.43
Costs to cover: 0.150%
Break-even: 22.1 days

Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 29 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 29 min ago	2.96 bp	42.6 bp −$43	doesn't fit	doesn't fit	doesn't fit

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	−0.0087%	1h	169.14	−0.348%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.20	−0.311%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.29	−0.259%	$15.2M	$39.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.32	−0.242%	$21.9M	$104.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.28	−0.265%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.18	−0.324%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	−0.058%	$1.2M	$2.4M	—	as long as short
Lighter MSTR	+0.0032%	1h	169.00	−0.430%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.48	−0.150%	$581K	$1.7M	10x	as long as short
Bitget MSTRUSDT	+0.0033%	8h	169.28	−0.265%	$28.6M	$115.6M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0035%	1h	169.39	−0.200%	$1.5M	$10.2M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.69	−0.024%	$27K	$122K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.47	−0.153%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.51	−0.130%	$398K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.13	−0.354%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Plong	+0.0050%	1h	169.73	long leg	$765K	$5.1M	10x
Binance MSTRUSDT	+0.0073%	8h	169.25	−0.283%	$89.4M	$623.4M	50x	as long as short
BloFin MSTR-USDT	+0.0080%	8h	169.12	−0.359%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.577%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0094%	8h	169.44	−0.168%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.45	−0.167%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.12	−0.359%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	169.62	−0.065%	$4K	$207K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.10	−0.371%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.21	−0.308%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0117%	1h	169.50	−0.136%	$57.2M	$37.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.49	−0.141%	$8K	$21K	30x	as long as short
Phoenix MSTR	+0.0260%	1h	169.47	−0.151%	$57K	$384K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0282%	1h	169.11	−0.365%	$288K	$438K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.44	−0.171%	$276K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0567%	4h	169.82	+0.052%	$48K	$5.5M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0570%	8h	169.80	+0.041%	$78K	$871K	10x	as long as short