Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.025%
Price spread now: Vest against Ondo Perps+0.160%50s7-day average −0.808% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.149%−$15 on $10k
+Price spread, last 3 days (all we have)+0.133%+$13 · spread now +0.160%, 7d avg −0.808%
=Together, before fees−0.016%+ Points / potential airdropOndo Perps: Active · Vest: Active · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.968% dearer against Ondo Perps than usual: you sell high and buy low, +$97 on $10k if it goes back to its 7-day average of −0.808%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 168.65 | 0.0050 | pay 0.0006% / 1h | 21m 38s | $772K | $5.2M | 10x |
| Short | Vest MSTR-USD-PERP | 168.92 | 0.0046 | get 0.0006% / 1h | 21m 38s | — | $2.1M | 25x |
Ondo Perps MSTR-USD.P
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$0.99
- Price spread: +0.160% → −0.808%
- $96.78
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $88.79
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample | — | — | — | — | — |
Ondo Perps and Vest: 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 | −0.0030% | 1h | 168.79 | +0.085% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 168.84 | +0.114% | $1.2M | $6.1M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 168.75 | +0.059% | $4.7M | $19.5M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.01 | +0.211% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.07 | +0.249% | $2.9M | $65K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0001% | 1h | 168.80 | +0.089% | $275K | $441K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0008% | 8h | 168.79 | +0.083% | $21.9M | $106.1M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 168.76 | +0.065% | $3.6M | $2.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 168.79 | +0.082% | $583K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0042% | 8h | 168.84 | +0.113% | $28.6M | $119.9M | 25x | as long as short |
Nado MSTR-PERP
Aster MSTRUSDT
Gate MSTR_USDT
Variational Omni MSTR
Phemex MSTRUSDT
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 168.92 | +0.160% | — | $2.1M | 25x | |
| GRVT MSTR_USDT_Perp | +0.0048% | 8h | 169.09 | +0.263% | $77K | $879K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0049% | 8h | 168.90 | +0.148% | $1.1M | $1.9M | 20x | as long as short |
| QFEX MSTR-USD | +0.0049% | 1h | 168.84 | +0.113% | $1.5M | $10.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.86 | +0.125% | $394K | $2.8M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 168.83 | +0.107% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 168.65 | long leg | $772K | $5.2M | 10x | |
| Binance MSTRUSDT | +0.0057% | 8h | 168.80 | +0.089% | $88.8M | $629.1M | 50x | as long as short |
| Bybit MSTRUSDT | +0.0079% | 8h | 168.84 | +0.113% | $15.1M | $40.4M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0096% | 1h | 168.75 | +0.059% | $1.4M | $1.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 168.77 | +0.073% | $104K | $87K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 168.76 | +0.065% | $2.5M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 168.91 | +0.154% | $4K | $346K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 168.88 | +0.136% | $3K | $11K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0104% | 1h | 169.21 | +0.332% | $13K | $21K | 30x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 168.88 | +0.134% | $140 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0113% | 8h | 168.79 | +0.084% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTR | +0.0159% | 1h | 168.78 | +0.077% | $57.0M | $37.2M | 10x | as long as short |
| Phoenix MSTR | +0.0260% | 1h | 169.01 | +0.213% | $57K | $392K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0290% | 4h | 168.94 | +0.173% | $47K | $5.5M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0520% | 1h | 168.93 | +0.166% | $287K | $438K | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 168.89 | +0.142% | $27K | $129K | 10x | as long as short |
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
QFEX MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Binance MSTRUSDT
Bybit MSTRUSDT
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Injective MSTR/USDC PERP
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD