MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h +0.016%

Price spread now: Ondo Perps against Pacifica+0.178%7-day average −0.097% · you sell dearer than you buy

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

Long on Pacifica Short on Ondo Perps

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)−0.245%−$25 · spread now +0.178%, 7d avg −0.097%

Together, before fees−0.287%+ Points / potential airdropPacifica: Active · Ondo Perps: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.275% dearer against Pacifica than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of −0.097%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.041% in total) that is about 46 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	168.80	0.0100	pay 0.0013% / 1h	10m 01s	$103K	$105K	10x
Short	Ondo Perps MSTR-USD.P	169.10	0.0050	get 0.0006% / 1h	10m 01s	$780K	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Pacifica. 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 PacificabpFee Ondo PerpsbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$10.42
Price spread: +0.178% → −0.097%: $27.52
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $4.1
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 7 min ago; Ondo Perps: 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 Pacifica live order book, 7 min ago	2.60 bp	6.6 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.0068%	1h	168.80	0.000%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.87	+0.041%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	168.93	+0.078%	$89.2M	$628.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.93	+0.077%	$22.0M	$106.7M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	168.89	+0.053%	$275K	$442K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.85	+0.030%	$4.8M	$19.5M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.92	+0.069%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.10	+0.179%	$83K	$875K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.86	+0.036%	$2.9M	$63K	10x	as long as short
BloFin MSTR-USDT	+0.0014%	8h	168.92	+0.071%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	168.83	+0.018%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.77	−0.020%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0032%	8h	168.89	+0.053%	$28.8M	$119.5M	25x	as long as short
QFEX MSTR-USD	+0.0042%	1h	168.89	+0.053%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.87	+0.041%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.80	0.000%	$398K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.84	+0.024%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	169.10	+0.178%	$780K	$5.1M	10x
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.083%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0063%	8h	168.94	+0.083%	$15.1M	$40.6M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0080%	8h	168.83	+0.016%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0093%	1h	168.85	+0.030%	$56.9M	$37.7M	10x	as long as short
Pacifica MSTRlong	+0.0100%	1h	168.80	long leg	$103K	$105K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	168.84	+0.024%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.92	+0.071%	$4K	$398K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.83	+0.018%	$3K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.84	+0.022%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.27	+0.277%	$57K	$394K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.32	+0.308%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0444%	4h	169.14	+0.203%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0457%	1h	168.94	+0.083%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0639%	1h	168.97	+0.101%	$287K	$439K	10x	as long as short