Funding you earn now, next payment 06:00 UTC+0.0504%/8h= +55.2% APRnext payment +$0.63 per $10,000 · paid last 24h +0.201%
Price spread now: Deribit against Ondo Perps+0.049%7-day average +0.147% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)+0.493%+$49 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.049%, 7d avg +0.147%
=Together, before fees+0.489%+ Points / potential airdropOndo Perps: Active · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.098% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.049% now, against its 7-day average of +0.147%). If the spread goes back, that is −$10 on $10k: about 16 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 161.62 | 0.0050 | pay 0.0006% / 1h | 26m 21s | $863K | $3.9M | 10x |
| Short | Deribit MSTR_USDC-PERPETUAL | 161.70 | 0.0555 | get 0.0069% / 1h | 26m 21s | $275K | $438K | 10x |
Ondo Perps MSTR-USD.P
Deribit MSTR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $105.88
- Price spread: +0.049% → +0.147%
- −$9.78
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $84.1
- Costs to cover
- 0.120%
- Break-even
- 1.4 days
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 22 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 Deribit live order book, 22 min ago | 6.10 bp | 11.4 bp −$11 | 12.7 bp −$127 | 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 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 | −0.1221% | 8h | 161.93 | +0.192% | $26.7M | $117.8M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 161.70 | +0.046% | $1.7M | $8.7M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 161.82 | +0.124% | $4.6M | $19.6M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 162.30 | +0.421% | $2.7M | $77K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0030% | 1h | 161.29 | −0.204% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 161.47 | −0.093% | $495K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.777% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 162.10 | +0.297% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 161.67 | +0.031% | $373K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 161.64 | +0.012% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 161.62 | long leg | $863K | $3.9M | 10x | |
| QFEX MSTR-USD | +0.0054% | 1h | 161.74 | +0.074% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 161.75 | +0.080% | $262K | $443K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0090% | 8h | 161.72 | +0.062% | $20.4M | $99.5M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 161.72 | +0.062% | $99K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 161.64 | +0.012% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.11 | +0.303% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 161.71 | +0.056% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 161.71 | +0.058% | $134 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0124% | 8h | 162.32 | +0.433% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0144% | 1h | 161.65 | +0.019% | $3.4M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0145% | 8h | 161.68 | +0.039% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −0.062% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0195% | 8h | 161.72 | +0.059% | $83.5M | $627.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0209% | 8h | 162.29 | +0.416% | $77K | $849K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0316% | 8h | 161.68 | +0.037% | $1.0M | $2.1M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0339% | 1h | 161.67 | +0.031% | $53.7M | $37.4M | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 162.41 | +0.489% | $55K | $226K | 10x | as long as short |
| Nado MSTR-PERP | +0.0369% | 1h | 161.64 | +0.009% | $129K | $157K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0369% | 8h | 161.78 | +0.099% | $16.7M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0491% | 4h | 162.30 | +0.419% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | +0.0555% | 1h | 161.70 | +0.049% | $275K | $438K | 10x |
QFEX MSTR-USD
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Variational Omni MSTR
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Phoenix MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
edgeX MSTRUSDC