Funding you earn now, next payment 09:00 UTC+0.0350%/8h= +38.3% APRnext payment +$0.44 per $10,000 · paid last 24h +0.083%
Price spread now: RISEx against Ondo Perps+0.054%7-day average +0.135% · 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)+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)+0.406%+$41 · spread now +0.054%, 7d avg +0.135%
=Together, before fees+0.569%+ Points / potential airdropOndo Perps: Active · farm board+$57 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.081% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.135%). If the spread goes back, that is −$8 on $10k: about 19 hours of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.163% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 163.18 | 0.0050 | pay 0.0006% / 1h | 42m 31s | $892K | $3.7M | 10x |
| Short | RISEx MSTR/USDC | 163.27 | 0.0400 | get 0.0050% / 1h | 42m 31s | $268K | $417K | 10x |
Ondo Perps MSTR-USD.P
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $73.47
- Price spread: +0.054% → +0.135%
- −$8.1
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $54.37
- Costs to cover
- 0.110%
- Break-even
- 1.8 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: live order book, 56 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 RISEx live order book, 56 min ago | 0.61 bp | 3.6 bp −$4 | 4.4 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0161% | 8h | 163.34 | +0.098% | $30.3M | $118.3M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.36 | +0.110% | $2.7M | $86K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.98 | −0.125% | $592K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.775% | $8K | $25K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.39 | +0.129% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.18 | 0.000% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.08 | −0.061% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.29 | +0.067% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 163.18 | long leg | $892K | $3.7M | 10x | |
| QFEX MSTR-USD | +0.0061% | 1h | 163.17 | −0.006% | $1.3M | $7.0M | 10x | as long as short |
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MSTR | +0.0100% | 1h | 163.22 | +0.022% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.18 | 0.000% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.25 | +0.043% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.33 | +0.092% | $3K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.32 | +0.087% | $136 | — | 10x | as long as short |
| Gate MSTR_USDT | +0.0116% | 8h | 163.33 | +0.092% | $4.7M | $18.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0120% | 1h | 162.62 | −0.343% | $1.4M | $1.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0124% | 8h | 163.23 | +0.033% | $1.8M | $8.7M | 50x | as long as short |
| Lighter MSTR | +0.0136% | 1h | 163.16 | −0.012% | $3.5M | $1.7M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0170% | 8h | 163.16 | −0.011% | $65 | — | 5x | as long as short |
| Nado MSTR-PERP | +0.0185% | 1h | 163.19 | +0.007% | $125K | $165K | 3x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0234% | 8h | 163.38 | +0.123% | $20.9M | $99.2M | 50x | as long as short |
| Variational Omni MSTR | +0.0237% | 8h | 163.36 | +0.109% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0319% | 8h | 163.29 | +0.070% | $84.2M | $619.2M | 50x | as long as short |
| RISEx MSTR/USDCshort | +0.0400% | 1h | 163.27 | +0.054% | $268K | $417K | 10x | |
| BloFin MSTR-USDT | +0.0438% | 8h | 163.31 | +0.080% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0442% | 1h | 163.22 | +0.025% | $53.8M | $37.6M | 10x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 163.51 | +0.200% | $56K | $223K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0513% | 4h | 163.39 | +0.130% | $47K | $5.4M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0620% | 8h | 163.33 | +0.092% | $17.1M | $41.3M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0792% | 8h | 163.50 | +0.193% | $80K | $848K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0915% | 1h | 163.27 | +0.055% | $278K | $430K | 10x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Gate MSTR_USDT
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
Lighter MSTR
Paradex MSTR-USD-PERP
Nado MSTR-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
Bybit MSTRUSDT
GRVT MSTR_USDT_Perp
Deribit MSTR_USDC-PERPETUAL