MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Ondo Perps against Vest−0.282%7-day average +0.327% · you buy dearer than you sell

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

Long on Vest Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.150%+$15 on $10k

Price spread, last 7 days−0.049%−$5 · spread now −0.282%, 7d avg +0.327%

Together, before fees+0.101%+ Points / potential airdropVest: Active · Ondo Perps: Active · farm board+$10 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: Ondo Perps is 0.609% cheaper against Vest than usual: you would sell low and buy high, −$61 on $10k if it goes back to its 7-day average of +0.327%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	166.73	0.0046	pay 0.0006% / 1h	56m 21s	—	$1.7M	25x
Short	Ondo Perps MSTR-USD.P	166.26	0.0050	get 0.0006% / 1h	56m 21s	$876K	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Vest. 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 VestbpFee Ondo PerpsbpOrdersPrice spread, now −0.282%Rate

Funding earned: $0.99
Price spread: −0.282% → +0.327%: −$60.85
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$66.86
Costs to cover: 0.070%
Break-even: 479.2 days

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Vest and 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 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.906%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.54	−0.114%	$4.9M	$17.5M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.47	−0.156%	$32.1M	$106.4M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.44	−0.174%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.41	−0.192%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.36	−0.224%	$511K	$1.8M	10x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	166.73	long leg	—	$1.7M	25x
QFEX MSTR-USD	+0.0050%	1h	166.46	−0.162%	$1.3M	$6.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.47	−0.156%	$384K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.53	−0.120%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	166.26	−0.282%	$876K	$3.3M	10x
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.78	−0.570%	$1.4M	$390K	10x	as long as short
Nado MSTR-PERP	+0.0089%	1h	166.52	−0.124%	$128K	$133K	3x	as long as short
Pacifica MSTR	+0.0100%	1h	166.47	−0.157%	$102K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.39	−0.204%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.15	−0.348%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.47	−0.156%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.52	−0.127%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0116%	8h	166.59	−0.087%	$67	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0202%	1h	166.43	−0.180%	$55.0M	$34.5M	10x	as long as short
Bybit MSTRUSDT	+0.0246%	8h	166.51	−0.132%	$17.2M	$38.2M	50x	as long as short
Aster MSTRUSDT	+0.0250%	8h	166.51	−0.135%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0289%	8h	166.49	−0.144%	$21.6M	$84.4M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0291%	1h	166.38	−0.210%	$283K	$209K	10x	as long as short
Variational Omni MSTR	+0.0329%	8h	166.18	−0.329%	$1.2M	$1.6M	—	as long as short
Phoenix MSTR	+0.0355%	1h	166.40	−0.196%	$56K	$213K	10x	as long as short
RISEx MSTR/USDC	+0.0436%	1h	166.53	−0.120%	$275K	$353K	10x	as long as short
Binance MSTRUSDT	+0.0439%	8h	166.46	−0.162%	$87.2M	$539.7M	50x	as long as short
edgeX MSTRUSDC	+0.0452%	4h	166.18	−0.332%	$48K	$5.0M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0553%	8h	166.44	−0.175%	$85K	$863K	10x	as long as short
BloFin MSTR-USDT	+0.0565%	8h	166.54	−0.114%	$1.1M	$2.0M	20x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.60	−0.078%	$26K	$71K	10x	as long as short