Funding you earn now, next payment 02:00 UTC+0.0350%/8h= +38.3% APRnext payment +$0.44 per $10,000 · paid last 24h +0.018%
Price spread now: Nado against Ondo Perps+0.080%7-day average +0.104% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.208%−$21 on $10k
+Price spread, last 4 days (all we have)+1.058%+$106 · spread now +0.080%, 7d avg +0.104%
=Together, before fees+0.850%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board+$85 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.024% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.104%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 3 days funding on this pair cost −0.208%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 164.13 | 0.0050 | pay 0.0006% / 1h | 36m 10s | $917K | $4.9M | 10x |
| Short | Nado MSTR-PERP | 164.26 | 0.0400 | get 0.0050% / 1h | 36m 10s | $111K | $143K | 3x |
Ondo Perps MSTR-USD.P
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $73.49
- Price spread: +0.080% → +0.104%
- −$2.4
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $59.09
- Costs to cover
- 0.120%
- Break-even
- 1.4 days
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 31 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 Nado live order book, 31 min ago | 4.50 bp | 28.7 bp −$29 | 87.4 bp −$874 | 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 | −0.0836% | 8h | 164.45 | +0.195% | $27.2M | $116.0M | 25x | as long as short |
| Gate MSTR_USDT | −0.0221% | 8h | 164.31 | +0.110% | $4.6M | $18.9M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.34 | +0.131% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.29 | +0.097% | $20.8M | $100.9M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 164.23 | +0.059% | $269K | $436K | 10x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 164.33 | +0.122% | $1.2M | $2.1M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.19 | +0.040% | $75K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.44 | +0.189% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +0.865% | $1.1M | $1.9M | 20x | as long as short |
| edgeX MSTRUSDC | +0.0016% | 4h | 163.85 | −0.172% | $48K | $5.5M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
edgeX MSTRUSDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MSTRUSDT | +0.0020% | 8h | 164.32 | +0.116% | $87.3M | $626.5M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.18 | +0.030% | $591K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.25 | +0.073% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.07 | −0.037% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.22 | +0.055% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 164.13 | long leg | $917K | $4.9M | 10x | |
| QFEX MSTR-USD | +0.0064% | 1h | 164.26 | +0.079% | $1.4M | $8.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.15 | +0.014% | $101K | $86K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.21 | +0.049% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.80 | −0.201% | $4K | $203K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.22 | +0.055% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.30 | +0.103% | $136 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0119% | 1h | 164.23 | +0.061% | $381K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0144% | 1h | 164.31 | +0.110% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0165% | 8h | 164.14 | +0.005% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.04 | −0.055% | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +3.174% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.0347% | 1h | 164.26 | +0.079% | $55.3M | $36.4M | 10x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.13 | 0.000% | $55K | $219K | 10x | as long as short |
| Nado MSTR-PERPshort | +0.0400% | 1h | 164.26 | +0.080% | $111K | $143K | 3x | |
| Bybit MSTRUSDT | +0.0439% | 8h | 164.32 | +0.116% | $17.2M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1151% | 1h | 164.35 | +0.134% | $279K | $438K | 10x | as long as short |
Binance MSTRUSDT
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Polymarket Perps MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL