MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h +0.036%

Price spread now: Injective against Ondo Perps+3.306%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 3.306% dearer against Ondo Perps than usual: you sell high and buy low (spread +3.306% now, against zero (this spread has no 7-day history yet)): +$331 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MSTR-USD.P	163.92	0.0050	pay 0.0006% / 1h	46m 02s	$829K	$3.9M	10x
Short	Injective MSTR/USDC PERP	169.34	0.0033	get 0.0004% / 1h	46m 02s	$8K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee Ondo PerpsbpFee InjectivebpOrdersPrice spread, now +3.306%Rate

Funding earned: −$3.58
Price spread: +3.306% → 0.000%: $330.65
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $322.05
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Injective: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Ondo Perps and Injective: 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	−0.0963%	8h	163.68	−0.146%	$27.0M	$117.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.42	−0.305%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.60	−0.195%	$4.6M	$19.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.86	−0.037%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.26	−0.403%	$596K	$1.9M	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0033%	1h	169.34	+3.306%	$8K	$26K	30x
Arcus MSTR-USD	+0.0040%	1h	163.83	−0.055%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.32	−0.366%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.47	−0.275%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.50	−0.256%	$43K	$3K	10x	as long as short

Show 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	163.92	long leg	$829K	$3.9M	10x
QFEX MSTR-USD	+0.0054%	1h	163.59	−0.201%	$1.4M	$7.2M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0074%	8h	163.46	−0.281%	$20.8M	$99.7M	50x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.58	−0.207%	$265K	$446K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.59	−0.204%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.41	−0.311%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.69	−0.140%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.49	−0.262%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.48	−0.266%	$136	—	10x	as long as short
Variational Omni MSTR	+0.0108%	8h	163.54	−0.234%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0117%	8h	163.52	−0.245%	$65	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0168%	8h	163.91	−0.006%	$79K	$838K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.57	−0.214%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0175%	8h	163.46	−0.282%	$85.6M	$619.7M	50x	as long as short
Lighter MSTR	+0.0208%	1h	163.40	−0.317%	$3.5M	$1.9M	10x	as long as short
BloFin MSTR-USDT	+0.0294%	8h	163.80	−0.073%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0338%	8h	163.51	−0.250%	$16.7M	$41.2M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0351%	1h	163.50	−0.256%	$54.4M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0352%	1h	163.37	−0.333%	$121K	$148K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	163.90	−0.012%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0914%	1h	163.46	−0.281%	$278K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0945%	4h	163.74	−0.109%	$49K	$5.4M	10x	as long as short