MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.018%

Price spread now: Extended against Ondo Perps−0.124%7-day average −0.001% · you buy dearer than you sell

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

Long on Ondo Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days+0.293%+$29 · spread now −0.124%, 7d avg −0.001%

Together, before fees+0.343%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board+$34 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 Extended is 0.122% cheaper against Ondo Perps than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.051%, 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	Ondo Perps MSTR-USD.P	168.79	0.0050	pay 0.0006% / 1h	29m 55s	$741K	$5.2M	10x
Short	Extended MSTR_24_5-USD	168.58	0.0032	get 0.0004% / 1h	29m 55s	$585K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$3.86
Price spread: −0.124% → −0.001%: −$12.24
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$26.11
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago	1.78 bp	5.4 bp −$5	28.3 bp −$283	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	−0.0118%	1h	168.61	−0.109%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.71	−0.046%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	168.71	−0.045%	$88.1M	$629.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.77	−0.012%	$22.0M	$106.7M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	168.72	−0.039%	$275K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.69	−0.059%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.91	+0.070%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.12	+0.196%	$74K	$925K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.78	−0.006%	$2.9M	$61K	10x	as long as short
BloFin MSTR-USDT	+0.0016%	8h	168.86	+0.041%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0026%	8h	168.74	−0.030%	$28.8M	$119.7M	25x	as long as short
Lighter MSTR	+0.0032%	1h	168.67	−0.071%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	168.58	−0.124%	$585K	$1.8M	10x
QFEX MSTR-USD	+0.0042%	1h	168.73	−0.036%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.73	−0.036%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.66	−0.077%	$399K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.71	−0.047%	$44K	$3K	10x	as long as short
Bybit MSTRUSDT	+0.0050%	8h	168.70	−0.053%	$15.1M	$40.9M	50x	as long as short
Ondo Perps MSTR-USD.Plong	+0.0050%	1h	168.79	long leg	$741K	$5.2M	10x
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.077%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0059%	1h	168.67	−0.071%	$56.8M	$38.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0070%	8h	168.65	−0.082%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.67	−0.073%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.67	−0.071%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.03	+0.142%	$4K	$552K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.70	−0.053%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.68	−0.065%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.01	+0.132%	$57K	$394K	10x	as long as short
edgeX MSTRUSDC	+0.0278%	4h	169.05	+0.153%	$47K	$5.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	+0.296%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	168.78	−0.006%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0521%	1h	168.75	−0.024%	$287K	$439K	10x	as long as short