Funding you earn now, next payment 09:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h +0.030%
Price spread now: Injective against Ondo Perps+3.597%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 3.597% dearer against Ondo Perps than usual: you sell high and buy low (spread +3.597% now, against zero (this spread has no 7-day history yet)): +$360 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 163.46 | 0.0050 | pay 0.0006% / 1h | 52m 33s | $898K | $3.7M | 10x |
| Short | Injective MSTR/USDC PERP | 169.34 | 0.0033 | get 0.0004% / 1h | 52m 33s | $8K | $25K | 30x |
Ondo Perps MSTR-USD.P
Injective MSTR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$3.58
- Price spread: +3.597% → 0.000%
- $359.72
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $351.12
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Injective: 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Ondo Perps and Injective: 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 | −0.0293% | 8h | 163.76 | +0.184% | $30.0M | $118.7M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.74 | +0.171% | $4.7M | $18.3M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.73 | +0.165% | $2.8M | $85K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.60 | +0.086% | $3.5M | $1.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.51 | +0.030% | $592K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERPshort | +0.0033% | 1h | 169.34 | +3.597% | $8K | $25K | 30x | |
| Arcus MSTR-USD | +0.0040% | 1h | 163.67 | +0.128% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.55 | +0.055% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.50 | +0.024% | $378K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 163.46 | long leg | $898K | $3.7M | 10x |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0061% | 1h | 163.70 | +0.147% | $1.4M | $7.1M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0081% | 1h | 163.64 | +0.110% | $43K | $3K | 10x | as long as short |
| Aster MSTRUSDT | +0.0097% | 8h | 163.66 | +0.120% | $1.8M | $8.7M | 50x | as long as short |
| Nado MSTR-PERP | +0.0098% | 1h | 163.46 | 0.000% | $125K | $165K | 3x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.58 | +0.073% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.52 | +0.037% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.28 | −0.110% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.71 | +0.153% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.72 | +0.160% | $136 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.514% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0132% | 8h | 163.61 | +0.094% | $65 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.0174% | 8h | 163.63 | +0.104% | $17.1M | $41.3M | 50x | as long as short |
| Variational Omni MSTR | +0.0215% | 8h | 163.64 | +0.109% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0215% | 8h | 163.68 | +0.135% | $20.9M | $99.5M | 50x | as long as short |
| Binance MSTRUSDT | +0.0296% | 8h | 163.68 | +0.137% | $84.3M | $619.2M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0352% | 1h | 163.66 | +0.122% | $54.0M | $37.4M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0400% | 1h | 163.69 | +0.141% | $269K | $417K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0411% | 8h | 163.76 | +0.184% | $1.0M | $2.1M | 20x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 163.66 | +0.125% | $56K | $223K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0666% | 1h | 163.82 | +0.220% | $279K | $435K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0761% | 8h | 163.46 | 0.000% | $80K | $858K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0997% | 4h | 163.38 | −0.052% | $47K | $5.3M | 10x | as long as short |
QFEX MSTR-USD
SoDEX MSTR-USD
Aster MSTRUSDT
Nado MSTR-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Bybit MSTRUSDT
Variational Omni MSTR
OKX MSTR-USDT-SWAP
Binance MSTRUSDT
tradeXYZ xyz:MSTR
RISEx MSTR/USDC
BloFin MSTR-USDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC