Funding you earn now, next payment 05:00 UTC−0.0310%/8h= −33.9% APRnext payment −$0.39 per $10,000 · paid last 24h −0.201%
Price spread now: Ondo Perps against Deribit−0.110%7-day average −0.148% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)−0.484%−$48 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.110%, 7d avg −0.148%
=Together, before fees−0.377%+ Points / potential airdropOndo Perps: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.038% dearer against Deribit than usual: you sell high and buy low (spread −0.110% now, against its 7-day average of −0.148%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSTR_USDC-PERPETUAL | 163.98 | 0.0360 | pay 0.0045% / 1h | 15m 47s | $279K | $438K | 10x |
| Short | Ondo Perps MSTR-USD.P | 163.80 | 0.0050 | get 0.0006% / 1h | 15m 47s | $849K | $3.9M | 10x |
Deribit MSTR_USDC-PERPETUAL
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Deribit. 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
- −$65.06
- Price spread: −0.110% → −0.148%
- $3.83
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$73.23
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 38 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 Deribit live order book, 38 min ago | 5.77 bp | 9.3 bp −$9 | 11.3 bp −$113 | 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 | −0.0943% | 8h | 164.12 | +0.085% | $27.2M | $116.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.01 | +0.020% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.03 | +0.030% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.07 | +0.055% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.93 | −0.030% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.84 | −0.082% | $601K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.269% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.10 | +0.073% | $26K | $110K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.81 | −0.104% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0046% | 8h | 164.03 | +0.030% | $20.8M | $99.1M | 50x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
OKX MSTR-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.92 | −0.037% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.93 | −0.030% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.0050% | 1h | 163.80 | −0.110% | $849K | $3.9M | 10x | |
| QFEX MSTR-USD | +0.0067% | 1h | 163.93 | −0.030% | $1.4M | $7.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0069% | 8h | 163.95 | −0.021% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.92 | −0.037% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.92 | −0.037% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.89 | −0.055% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.96 | −0.012% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0100% | 8h | 163.92 | −0.039% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.95 | −0.020% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0163% | 8h | 163.99 | +0.006% | $86.4M | $618.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0166% | 8h | 164.07 | +0.052% | $76K | $826K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.84 | −0.085% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.98 | −0.002% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0249% | 1h | 163.89 | −0.057% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0258% | 1h | 163.96 | −0.012% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0285% | 8h | 164.05 | +0.043% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0320% | 8h | 164.02 | +0.024% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.02 | +0.022% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | +0.0360% | 1h | 163.98 | long leg | $279K | $438K | 10x | |
| edgeX MSTRUSDC | +0.0400% | 4h | 163.93 | −0.033% | $49K | $5.3M | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
QFEX MSTR-USD
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC