MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.020%

Price spread now: Pacifica against Ondo Perps+0.001%7-day average +0.098% · you sell dearer than you buy

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

Long on Ondo Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.001%, 7d avg +0.098%

Together, before fees+0.102%+ Points / potential airdropOndo Perps: Active · Pacifica: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.097% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.098%). If the spread goes back, that is −$10 on $10k: about 6.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.041% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MSTR-USD.P	167.45	0.0050	pay 0.0006% / 1h	12m 08s	$766K	$4.9M	10x
Short	Pacifica MSTR	167.45	0.0100	get 0.0013% / 1h	12m 08s	$104K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpOrdersPrice spread, now +0.001%Rate

Funding earned: $10.42
Price spread: +0.001% → +0.098%: −$9.67
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.26
Costs to cover: 0.130%
Break-even: 15.2 days

Slippage unknown: Ondo Perps: no order-book sample; Pacifica: live order book, 60 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 Pacifica live order book, 60 min ago	1.33 bp	8.6 bp −$9	doesn't fit	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
Gate MSTR_USDT	−0.0116%	8h	167.41	−0.024%	$4.7M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	167.39	−0.036%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	167.34	−0.066%	$21.6M	$99.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	167.44	−0.006%	$27.8M	$113.2M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.08	+0.376%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	167.91	+0.275%	$85K	$812K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.57	+0.072%	$2.8M	$67K	10x	as long as short
Binance MSTRUSDT	+0.0011%	8h	167.36	−0.053%	$88.0M	$613.5M	50x	as long as short
Nado MSTR-PERP	+0.0016%	1h	167.34	−0.067%	$136K	$128K	3x	as long as short
Lighter MSTR	+0.0032%	1h	167.34	−0.066%	$3.5M	$2.0M	10x	as long as short

Show 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	167.17	−0.167%	$578K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	167.43	−0.012%	$1.4M	$8.8M	10x	as long as short
BloFin MSTR-USDT	+0.0037%	8h	167.61	+0.096%	$1.1M	$1.9M	20x	as long as short
Arcus MSTR-USD	+0.0040%	1h	167.88	+0.257%	$27K	$116K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.33	−0.072%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	167.37	−0.048%	$393K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	167.39	−0.036%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Plong	+0.0050%	1h	167.45	long leg	$766K	$4.9M	10x
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.06	+0.364%	$1.4M	$1.1M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	167.45	+0.001%	$104K	$84K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	167.35	−0.060%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	167.76	+0.185%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.40	−0.030%	$3K	$7K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0104%	8h	167.38	−0.043%	$67	—	5x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	167.35	−0.058%	$139	—	10x	as long as short
Bybit MSTRUSDT	+0.0188%	8h	167.45	0.000%	$16.0M	$39.5M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0231%	1h	167.33	−0.072%	$56.6M	$36.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+1.129%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.22	+0.460%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	167.45	0.000%	$273K	$433K	10x	as long as short
edgeX MSTRUSDC	+0.0370%	4h	167.92	+0.278%	$45K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0827%	1h	167.38	−0.042%	$285K	$438K	10x	as long as short