Funding you earn now, next payment 10:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.023%
Price spread now: Nado against Ondo Perps+0.082%7-day average +0.096% · 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)−0.187%−$19 on $10k
+Price spread, last 4 days (all we have)+0.243%+$24 · spread now +0.082%, 7d avg +0.096%
=Together, before fees+0.056%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.187%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 165.89 | 0.0050 | pay 0.0006% / 1h | 18m 20s | $883K | $3.4M | 10x |
| Short | Nado MSTR-PERP | 166.03 | 0.0104 | get 0.0013% / 1h | 18m 20s | $127K | $133K | 3x |
Ondo Perps MSTR-USD.P
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $11.33
- Price spread: +0.082% → +0.096%
- −$1.39
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$2.06
- Costs to cover
- 0.120%
- Break-even
- 8.3 days
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 32 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 Nado live order book, 32 min ago | 10.28 bp | 31.5 bp −$31 | 78.1 bp −$781 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 166.31 | +0.253% | $4.9M | $18.4M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.36 | +0.283% | $31.9M | $107.5M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.32 | +0.259% | $2.8M | $85K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 166.15 | +0.158% | $511K | $1.8M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.38 | +0.295% | — | $1.7M | 25x | as long as short |
| Lighter MSTR | +0.0048% | 1h | 166.21 | +0.193% | $3.5M | $1.8M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.23 | +0.205% | $384K | $2.4M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.25 | +0.217% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 165.89 | long leg | $883K | $3.4M | 10x | |
| QFEX MSTR-USD | +0.0076% | 1h | 166.17 | +0.169% | $1.3M | $6.3M | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Vest MSTR-USD-PERP
Lighter MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
QFEX MSTR-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | +0.0095% | 8h | 166.19 | +0.178% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.04 | +0.090% | $102K | $74K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.04 | +0.090% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.92 | +0.018% | $6K | $162K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.26 | +0.223% | $3K | $10K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.27 | +0.228% | $138 | — | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0104% | 1h | 166.03 | +0.082% | $127K | $133K | 3x | |
| Coinbase International MSTR-PERP-INTX | +0.0112% | 1h | 165.78 | −0.066% | $1.4M | $399K | 10x | as long as short |
| Aster MSTRUSDT | +0.0197% | 8h | 166.22 | +0.199% | $1.8M | $7.0M | 50x | as long as short |
| Bybit MSTRUSDT | +0.0254% | 8h | 166.32 | +0.259% | $17.2M | $38.8M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0256% | 1h | 166.22 | +0.199% | $54.9M | $34.7M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0266% | 8h | 166.32 | +0.259% | $21.6M | $86.7M | 50x | as long as short |
| Variational Omni MSTR | +0.0287% | 8h | 166.04 | +0.091% | $1.2M | $1.7M | — | as long as short |
| Phoenix MSTR | +0.0355% | 1h | 166.15 | +0.156% | $56K | $217K | 10x | as long as short |
| Binance MSTRUSDT | +0.0380% | 8h | 166.26 | +0.223% | $87.0M | $553.0M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0397% | 8h | 166.07 | +0.109% | $88K | $852K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 165.22 | −0.404% | $7K | $28K | 30x | as long as short |
| BloFin MSTR-USDT | +0.0499% | 8h | 166.11 | +0.133% | $1.1M | $2.0M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0532% | 1h | 166.30 | +0.247% | $283K | $224K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0598% | 1h | 166.20 | +0.186% | $274K | $353K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0860% | 4h | 166.21 | +0.195% | $50K | $5.1M | 10x | as long as short |
| Arcus MSTR-USD | +0.0942% | 1h | 166.30 | +0.247% | $26K | $77K | 10x | as long as short |
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Phoenix MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Injective MSTR/USDC PERP
BloFin MSTR-USDT
Deribit MSTR_USDC-PERPETUAL
RISEx MSTR/USDC
edgeX MSTRUSDC
Arcus MSTR-USD