Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against Ondo Perps+0.018%52s7-day average +0.105% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.018%, 7d avg +0.105%
=Together, before fees+0.125%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.087% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.105%). If the spread goes back, that is −$9 on $10k: about 5.8 days of funding at the current rate (+$1 a day). The two prices were read 52 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 | 166.14 | 0.0050 | pay 0.0006% / 1h | 57m 57s | $860K | $3.3M | 10x |
| Short | ApeX Omni MSTRUSDT | 166.17 | 0.0100 | get 0.0013% / 1h | 57m 57s | $6K | $151K | 50x |
Ondo Perps MSTR-USD.P
ApeX Omni MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $10.42
- Price spread: +0.018% → +0.105%
- −$8.66
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$13.24
- Costs to cover
- 0.150%
- Break-even
- 15.9 days
Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 46 min ago. 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 ApeX Omni live order book, 46 min ago | 3.01 bp | 49.1 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 166.24 | +0.060% | $4.9M | $17.0M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.27 | +0.078% | $32.3M | $102.9M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.19 | +0.030% | $2.8M | $84K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 166.13 | −0.006% | $3.5M | $1.7M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 166.00 | −0.084% | $965K | $2.3M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 165.22 | −0.554% | $7K | $28K | 30x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.38 | +0.144% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.19 | +0.030% | $389K | $2.4M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.18 | +0.024% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 166.14 | long leg | $860K | $3.3M | 10x |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 166.20 | +0.036% | $1.3M | $5.7M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 165.58 | −0.337% | $1.4M | $353K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0088% | 8h | 166.22 | +0.049% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.22 | +0.046% | $102K | $64K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.06 | −0.048% | $2.3M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.0100% | 1h | 166.17 | +0.018% | $6K | $151K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.18 | +0.024% | $2K | $11K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.22 | +0.048% | $138 | $100 | 10x | as long as short |
| Nado MSTR-PERP | +0.0114% | 1h | 166.18 | +0.026% | $127K | $127K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0162% | 8h | 166.31 | +0.102% | $16.7M | $37.8M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0227% | 1h | 166.14 | 0.000% | $54.9M | $33.6M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0264% | 8h | 166.42 | +0.169% | $21.9M | $80.1M | 50x | as long as short |
| Aster MSTRUSDT | +0.0267% | 8h | 166.25 | +0.069% | $1.8M | $6.3M | 50x | as long as short |
| Phoenix MSTR | +0.0322% | 1h | 166.34 | +0.120% | $56K | $212K | 10x | as long as short |
| Variational Omni MSTR | +0.0356% | 8h | 166.35 | +0.127% | $1.2M | $1.6M | — | as long as short |
| GRVT MSTR_USDT_Perp | +0.0442% | 8h | 166.38 | +0.145% | $85K | $922K | 10x | as long as short |
| Binance MSTRUSDT | +0.0446% | 8h | 166.23 | +0.053% | $87.0M | $517.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0459% | 1h | 166.28 | +0.084% | $274K | $347K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0473% | 1h | 166.17 | +0.018% | $283K | $183K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0578% | 8h | 166.55 | +0.247% | $1.1M | $2.0M | 20x | as long as short |
| Arcus MSTR-USD | +0.0803% | 1h | 166.33 | +0.114% | $26K | $63K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0971% | 4h | 166.33 | +0.113% | $49K | $4.6M | 10x | as long as short |
QFEX MSTR-USD
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Nado MSTR-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
OKX MSTR-USDT-SWAP
Aster MSTRUSDT
Phoenix MSTR
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL
BloFin MSTR-USDT
Arcus MSTR-USD
edgeX MSTRUSDC