Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.035%
Price spread now: OKX against Ondo Perps−0.061%7-day average +0.092% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days+0.448%+$45 · spread now −0.061%, 7d avg +0.092%
=Together, before fees+0.466%+ Points / potential airdropOndo Perps: Active · farm board+$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.152% cheaper against Ondo Perps than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.092%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 164.77 | 0.0050 | pay 0.0006% / 1h | 43m 10s | $799K | $4.8M | 10x |
| Short | OKX MSTR-USDT-SWAP | 164.67 | 0 | get 0.0000% / 8h | 6h 43m | $21.1M | $100.2M | 50x |
Ondo Perps MSTR-USD.P
OKX MSTR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.58
- Price spread: −0.061% → +0.092%
- −$15.24
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$40.82
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago | 0.30 bp | 7.3 bp −$7 | 12.2 bp −$122 | 63.7 bp −$6,374 | 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 | −0.0544% | 8h | 165.05 | +0.170% | $27.2M | $115.6M | 25x | as long as short |
| Gate MSTR_USDT | −0.0320% | 8h | 164.82 | +0.030% | $4.6M | $18.8M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.94 | +0.103% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAPshort | 0.0000% | 8h | 164.67 | −0.061% | $21.1M | $100.2M | 50x | |
| RISEx MSTR/USDC | 0.0000% | 1h | 165.05 | +0.170% | $270K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.99 | +0.136% | $1.2M | $2.0M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.86 | +0.054% | $76K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.02 | +0.152% | $2.8M | $67K | 10x | as long as short |
| Binance MSTRUSDT | +0.0004% | 8h | 164.69 | −0.049% | $87.1M | $624.6M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +0.473% | $1.1M | $1.9M | 20x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
Binance MSTRUSDT
BloFin MSTR-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.73 | −0.024% | $568K | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.16 | +0.237% | $27K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.76 | −0.006% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.87 | +0.061% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 164.77 | long leg | $799K | $4.8M | 10x | |
| QFEX MSTR-USD | +0.0064% | 1h | 165.03 | +0.158% | $1.4M | $8.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 165.06 | +0.173% | $102K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.81 | +0.024% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.86 | +0.055% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.91 | +0.085% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.89 | +0.071% | $137 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0130% | 1h | 164.97 | +0.121% | $383K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0136% | 1h | 164.86 | +0.055% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0158% | 8h | 165.04 | +0.162% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.97 | +0.121% | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.774% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.0366% | 1h | 164.79 | +0.012% | $55.7M | $36.5M | 10x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.96 | +0.112% | $55K | $219K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0389% | 4h | 165.28 | +0.312% | $47K | $5.5M | 10x | as long as short |
| Nado MSTR-PERP | +0.0414% | 1h | 164.88 | +0.068% | $134K | $129K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0435% | 8h | 164.75 | −0.012% | $17.2M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1146% | 1h | 164.98 | +0.127% | $281K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Polymarket Perps MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL