Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.046%
Price spread now: Binance against Ondo Perps+0.013%46s7-day average +0.114% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days+0.212%+$21 · spread now +0.013%, 7d avg +0.114%
=Together, before fees+0.208%+ Points / potential airdropOndo Perps: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.102% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.114%). If the spread goes back, that is −$10 on $10k: about 6.7 days of funding at the current rate (+$2 a day). The two prices were read 46 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 | 164.94 | 0.0050 | pay 0.0006% / 1h | 26m 52s | $868K | $4.2M | 10x |
| Short | Binance MSTRUSDT | 164.96 | 0.0101 | get 0.0101% / 8h | 5h 26m | $88.4M | $618.3M | 50x |
Ondo Perps MSTR-USD.P
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $10.54
- Price spread: +0.013% → +0.114%
- −$10.16
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$14.62
- Costs to cover
- 0.150%
- Break-even
- 16.7 days
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 2 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 Binance live order book, 2 min ago | 0.30 bp | 6.0 bp −$6 | 9.3 bp −$93 | 29.3 bp −$2,930 | 94.9 bp −$47.4K |
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 | −0.1175% | 8h | 165.07 | +0.079% | $27.7M | $114.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.91 | −0.015% | $1.9M | $8.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.97 | +0.018% | $20.7M | $99.9M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 165.07 | +0.079% | $4.6M | $18.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 165.03 | +0.055% | $2.8M | $71K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.85 | −0.055% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.76 | −0.109% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.668% | $8K | $26K | 30x | as long as short |
| Variational Omni MSTR | +0.0034% | 8h | 165.14 | +0.122% | $1.2M | $2.1M | — | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.10 | +0.097% | $27K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Variational Omni MSTR
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.07 | +0.079% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.93 | −0.006% | $384K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 164.94 | long leg | $868K | $4.2M | 10x | |
| QFEX MSTR-USD | +0.0060% | 1h | 164.98 | +0.024% | $1.4M | $7.6M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0062% | 1h | 164.81 | −0.079% | $54.9M | $36.8M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.92 | −0.014% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.88 | −0.036% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.15 | +0.127% | $4K | $184K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.95 | +0.006% | $3K | $8K | 10x | as long as short |
| Binance MSTRUSDTshort | +0.0101% | 8h | 164.96 | +0.013% | $88.4M | $618.3M | 50x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.92 | −0.010% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0139% | 8h | 164.97 | +0.018% | $66 | — | 5x | as long as short |
| SoDEX MSTR-USD | +0.0153% | 1h | 164.92 | −0.012% | $43K | $3K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0167% | 8h | 165.20 | +0.158% | $77K | $763K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.515% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0217% | 1h | 164.90 | −0.022% | $122K | $150K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0221% | 8h | 165.00 | +0.036% | $1.0M | $2.0M | 20x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 165.03 | +0.052% | $270K | $447K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0296% | 1h | 164.98 | +0.024% | $281K | $438K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 165.09 | +0.092% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0338% | 8h | 164.98 | +0.024% | $17.2M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0473% | 4h | 165.16 | +0.134% | $50K | $5.4M | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
SoDEX MSTR-USD
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
BloFin MSTR-USDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC