Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.110%
Price spread now: edgeX against Ondo Perps+0.149%54s7-day average +0.079% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.145%−$15 on $10k
+Price spread, last 7 days+0.195%+$19 · spread now +0.149%, 7d avg +0.079%
=Together, before fees+0.049%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.069% dearer against Ondo Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 164.72 | 0.0050 | pay 0.0006% / 1h | 20m 37s | $910K | $4.6M | 10x |
| Short | edgeX MSTRUSDC | 164.97 | 0.0093 | get 0.0047% / 4h | 2h 20m | $48K | $5.4M | 10x |
Ondo Perps MSTR-USD.P
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $9.01
- Price spread: +0.149% → +0.079%
- $6.93
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $1.94
- Costs to cover
- 0.140%
- Break-even
- 5.5 days
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago | 4.24 bp | 9.2 bp −$9 | 16.0 bp −$160 | 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 31 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 | −0.1046% | 8h | 164.70 | −0.012% | $27.5M | $115.5M | 25x | as long as short |
| Gate MSTR_USDT | −0.0155% | 8h | 164.53 | −0.115% | $4.6M | $19.1M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.62 | −0.061% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.56 | −0.097% | $20.9M | $100.6M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.54 | −0.111% | $269K | $447K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.70 | −0.009% | $1.2M | $2.1M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.83 | +0.067% | $2.8M | $68K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.36 | −0.219% | $596K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.90 | +0.109% | $27K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.79 | +0.042% | — | $1.8M | 25x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 164.72 | long leg | $910K | $4.6M | 10x | |
| Binance MSTRUSDT | +0.0060% | 8h | 164.56 | −0.097% | $87.7M | $624.5M | 50x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 164.76 | +0.024% | $1.4M | $8.3M | 10x | as long as short |
| Lighter MSTR | +0.0080% | 1h | 164.47 | −0.152% | $3.5M | $1.9M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0081% | 1h | 164.73 | +0.006% | $43K | $3K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0093% | 1h | 164.68 | −0.024% | $384K | $2.7M | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0093% | 4h | 164.97 | +0.149% | $48K | $5.4M | 10x | |
| Pacifica MSTR | +0.0100% | 1h | 164.54 | −0.109% | $101K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.45 | −0.164% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.85 | +0.079% | $4K | $188K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.71 | −0.006% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.69 | −0.016% | $137 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0148% | 8h | 165.00 | +0.169% | $79K | $810K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.62 | −0.061% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0173% | 8h | 164.49 | −0.139% | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0244% | 1h | 164.44 | −0.170% | $55.2M | $36.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.805% | $8K | $26K | 30x | as long as short |
| Nado MSTR-PERP | +0.0371% | 1h | 164.64 | −0.046% | $111K | $143K | 3x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.99 | +0.166% | $55K | $219K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0385% | 8h | 164.60 | −0.073% | $17.1M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0722% | 1h | 164.69 | −0.018% | $280K | $438K | 10x | as long as short |
Binance MSTRUSDT
QFEX MSTR-USD
Lighter MSTR
SoDEX MSTR-USD
Polymarket Perps MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Injective MSTR/USDC PERP
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL