MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0241%/8h= −26.4% APRnext payment −$0.30 per $10,000 · paid last 24h −0.103%

Price spread now: Ondo Perps against RISEx−0.001%7-day average −0.135% · you buy dearer than you sell

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

Long on RISEx Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.148%−$15 on $10k

Price spread, last 4 days (all we have)−0.459%−$46 · spread now −0.001%, 7d avg −0.135%

Together, before fees−0.607%+ Points / potential airdropOndo Perps: Active · farm board−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.135% dearer against RISEx than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.135%): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	165.28	0.0291	pay 0.0036% / 1h	6m 28s	$271K	$447K	10x
Short	Ondo Perps MSTR-USD.P	165.28	0.0050	get 0.0006% / 1h	6m 28s	$871K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against RISEx. 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 RISExbpFee Ondo PerpsbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$50.57
Price spread: −0.001% → −0.135%: $13.45
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$48.12
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: RISEx: live order book, 57 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 RISEx live order book, 57 min ago	1.52 bp	4.5 bp −$5	5.3 bp −$53	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
Bitget MSTRUSDT	−0.0851%	8h	165.34	+0.036%	$27.7M	$114.7M	25x	as long as short
Gate MSTR_USDT	−0.0010%	8h	165.34	+0.036%	$4.6M	$18.7M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.27	−0.004%	$1.8M	$8.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.20	−0.049%	$20.7M	$100.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.57	+0.175%	$2.8M	$73K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.20	−0.049%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.10	−0.110%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.456%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.57	+0.175%	$27K	$110K	10x	as long as short
Variational Omni MSTR	+0.0040%	8h	165.63	+0.213%	$1.2M	$2.1M	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	165.43	+0.090%	—	$1.7M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	165.20	−0.049%	$55.0M	$36.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.17	−0.067%	$383K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	165.28	−0.001%	$871K	$4.1M	10x
SoDEX MSTR-USD	+0.0053%	1h	165.38	+0.060%	$44K	$3K	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	165.19	−0.055%	$1.4M	$7.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.22	−0.036%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.24	−0.025%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.55	+0.163%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.45	+0.102%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.42	+0.082%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0108%	8h	165.28	−0.002%	$88.0M	$616.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0129%	8h	165.23	−0.032%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0161%	8h	165.67	+0.235%	$79K	$758K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	165.51	+0.138%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0213%	1h	165.15	−0.078%	$122K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0229%	8h	165.41	+0.078%	$1.0M	$2.0M	20x	as long as short
RISEx MSTR/USDClong	+0.0291%	1h	165.28	long leg	$271K	$447K	10x
Bybit MSTRUSDT	+0.0336%	8h	165.34	+0.036%	$17.2M	$40.6M	50x	as long as short
Phoenix MSTR	+0.0336%	1h	165.63	+0.210%	$56K	$227K	10x	as long as short
edgeX MSTRUSDC	+0.0468%	4h	165.68	+0.240%	$50K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0536%	1h	165.45	+0.102%	$281K	$438K	10x	as long as short