Funding you earn now, next payment 01:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.053%
Price spread now: tradeXYZ against Ondo Perps+0.226%7-day average +0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 7 days+0.175%+$18 · spread now +0.226%, 7d avg +0.019%
=Together, before fees+0.273%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.207% dearer against Ondo Perps than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 168.44 | 0.0050 | pay 0.0006% / 1h | 25m 01s | $736K | $4.9M | 10x |
| Short | tradeXYZ xyz:MSTR | 168.82 | 0.0207 | get 0.0026% / 1h | 25m 01s | $56.9M | $35.6M | 10x |
Ondo Perps MSTR-USD.P
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $32.79
- Price spread: +0.226% → +0.019%
- $20.69
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $30.48
- Costs to cover
- 0.230%
- Break-even
- 0.5 days
Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago | 0.30 bp | 9.5 bp −$10 | 11.7 bp −$117 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0035% | 1h | 168.72 | +0.165% | $139K | $90K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 168.84 | +0.238% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 168.85 | +0.243% | $21.8M | $101.0M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 168.85 | +0.243% | $4.7M | $18.9M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 168.91 | +0.279% | $28.5M | $113.6M | 25x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 168.83 | +0.230% | $1.2M | $2.1M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 168.67 | +0.137% | $85K | $825K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 168.94 | +0.297% | $2.9M | $67K | 10x | as long as short |
| Binance MSTRUSDT | +0.0024% | 8h | 168.87 | +0.255% | $89.0M | $614.5M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 168.76 | +0.190% | $3.6M | $2.0M | 10x | as long as short |
Nado MSTR-PERP
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Bitget MSTRUSDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
Binance MSTRUSDT
Lighter MSTRShow 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 | 168.72 | +0.166% | $579K | $1.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0035% | 1h | 168.75 | +0.184% | $1.4M | $9.1M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 168.80 | +0.214% | $27K | $117K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 168.81 | +0.220% | — | $1.7M | 25x | as long as short |
| BloFin MSTR-USDT | +0.0047% | 8h | 168.89 | +0.267% | $1.1M | $1.9M | 20x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.76 | +0.190% | $396K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 168.84 | +0.237% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 168.44 | long leg | $736K | $4.9M | 10x | |
| Bybit MSTRUSDT | +0.0057% | 8h | 168.91 | +0.279% | $15.2M | $39.2M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0088% | 1h | 168.46 | +0.012% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0092% | 8h | 168.81 | +0.219% | $68 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 168.78 | +0.200% | $105K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 168.76 | +0.190% | $2.5M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 168.68 | +0.142% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 168.82 | +0.226% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 168.78 | +0.201% | $140 | — | 10x | as long as short |
| edgeX MSTRUSDC | +0.0166% | 4h | 168.67 | +0.138% | $47K | $5.5M | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0207% | 1h | 168.82 | +0.226% | $56.9M | $35.6M | 10x | |
| Injective MSTR/USDC PERP | +0.0235% | 1h | 169.34 | +0.534% | $8K | $26K | 30x | as long as short |
| Phoenix MSTR | +0.0259% | 1h | 168.64 | +0.116% | $56K | $384K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0349% | 1h | 168.82 | +0.226% | $275K | $433K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0936% | 1h | 168.83 | +0.232% | $287K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
QFEX MSTR-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
BloFin MSTR-USDT
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Bybit MSTRUSDT
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
edgeX MSTRUSDC
Injective MSTR/USDC PERP
Phoenix MSTR
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL