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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0491%/8h= +53.7% APRpaid last 24h +0.169%
Price spread now: edgeX against Ondo Perps+0.060%7-day average +0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 7 days+0.354%+$35 · spread now +0.060%, 7d avg +0.070%
Together, before fees+0.342%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps MSTR-USD.P162.930.0050pay 0.0006% / 1h9m 19s$888K$3.7M10x
ShortedgeX MSTRUSDC163.030.0541get 0.0271% / 4h9m 19s$46K$5.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$103.07
Price spread: +0.060% → +0.070%
−$0.99
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$88.08
Costs to cover
0.140%
Break-even
1.0 days
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell edgeX live order book, 5 min ago5.52 bp10.5 bp −$1017.5 bp −$175doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0447%8h163.33+0.246%$29.5M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.24+0.190%$4.7M$19.6M50xas long as short
Phemex MSTRUSDT0.0000%4h163.19+0.160%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.07+0.086%$591K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.934%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.15+0.135%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.00+0.043%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.12+0.117%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.17+0.147%$43K$3K10xas long as short
Ondo Perps MSTR-USD.Plong+0.0050%1h162.93long leg$888K$3.7M10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0056%1h163.16+0.141%$3.5M$2.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.13+0.123%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0074%8h163.17+0.146%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.12+0.118%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.08+0.092%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.94+0.006%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.22+0.178%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.23+0.185%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.190%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0137%8h163.12+0.114%$65—5xas long as short
Nado MSTR-PERP+0.0173%1h163.05+0.073%$125K$165K3xas long as short
Variational Omni MSTR+0.0197%8h163.01+0.049%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0200%8h163.19+0.160%$20.8M$99.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0266%8h163.09+0.096%$82K$859K10xas long as short
Binance MSTRUSDT+0.0269%8h163.18+0.151%$83.9M$620.2M50xas long as short
Phoenix MSTR+0.0357%1h163.17+0.147%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0389%8h163.26+0.203%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0403%8h163.19+0.160%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0437%1h163.14+0.129%$53.9M$37.7M10xas long as short
RISEx MSTR/USDC+0.0493%1h163.20+0.166%$268K$419K10xas long as short
edgeX MSTRUSDCshort+0.0541%4h163.03+0.060%$46K$5.4M10x
Deribit MSTR_USDC-PERPETUAL+0.0731%1h163.24+0.190%$278K$437K10xas long as short