Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.097%
Price spread now: Arcus against Ondo Perps+0.233%7-day average +0.126% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.233%, 7d avg +0.126%
=Together, before fees−0.177%+ Points / potential airdropOndo Perps: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.107% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.233% now, against its 7-day average of +0.126%): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 35 days. At the pace of the last 4 days (−0.054% in total) that is about 7.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 163.41 | 0.0050 | pay 0.0006% / 1h | 0m 27s | $817K | $4.0M | 10x |
| Short | Arcus MSTR-USD | 163.79 | 0.0040 | get 0.0005% / 1h | 0m 27s | $26K | $109K | 10x |
Ondo Perps MSTR-USD.P
Arcus MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.13
- Price spread: +0.233% → +0.126%
- $10.7
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$0.92
- Costs to cover
- 0.095%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 52 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 Arcus live order book, 52 min ago | 6.07 bp | 11.0 bp −$11 | 33.0 bp −$330 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0978% | 8h | 163.75 | +0.208% | $27.1M | $116.6M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.57 | +0.098% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.68 | +0.165% | $4.6M | $19.3M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.91 | +0.306% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.55 | +0.086% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.48 | +0.043% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.629% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USDshort | +0.0040% | 1h | 163.79 | +0.233% | $26K | $109K | 10x | |
| OKX MSTR-USDT-SWAP | +0.0042% | 8h | 163.62 | +0.129% | $20.7M | $98.9M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.34 | −0.043% | — | $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
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 | 163.53 | +0.073% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.64 | +0.141% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 163.41 | long leg | $817K | $4.0M | 10x | |
| QFEX MSTR-USD | +0.0067% | 1h | 163.56 | +0.092% | $1.4M | $7.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0076% | 8h | 163.56 | +0.090% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0089% | 8h | 163.65 | +0.145% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.60 | +0.116% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.57 | +0.098% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.60 | +0.116% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.58 | +0.104% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.61 | +0.122% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0149% | 8h | 163.93 | +0.320% | $83K | $824K | 10x | as long as short |
| Binance MSTRUSDT | +0.0156% | 8h | 163.61 | +0.122% | $85.8M | $618.8M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | +0.098% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.62 | +0.126% | $265K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0239% | 1h | 163.53 | +0.076% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0252% | 1h | 163.56 | +0.092% | $54.5M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0275% | 8h | 163.73 | +0.196% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0309% | 8h | 163.65 | +0.147% | $16.6M | $41.2M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.67 | +0.161% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0595% | 4h | 163.80 | +0.239% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0851% | 1h | 163.65 | +0.147% | $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
GRVT MSTR_USDT_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