Funding you earn now, next payment 08:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.085%
Price spread now: RISEx against Ondo Perps+0.147%7-day average +0.132% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.147%, 7d avg +0.132%
=Together, before fees+0.130%+ Points / potential airdropOndo Perps: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.132%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.158% in total (about 15.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 162.88 | 0.0050 | pay 0.0006% / 1h | 32m 18s | $864K | $3.7M | 10x |
| Short | RISEx MSTR/USDC | 163.12 | 0.0493 | get 0.0062% / 1h | 32m 18s | $265K | $417K | 10x |
Ondo Perps MSTR-USD.P
RISEx MSTR/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $92.96
- Price spread: +0.147% → +0.132%
- $1.52
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $83.48
- Costs to cover
- 0.110%
- Break-even
- 0.7 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: live order book, 6 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 RISEx live order book, 6 min ago | 0.61 bp | 3.6 bp −$4 | 4.4 bp −$44 | 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 | −0.0393% | 8h | 163.19 | +0.190% | $29.4M | $119.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.05 | +0.104% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.10 | +0.135% | $2.7M | $83K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0005% | 4h | 163.47 | +0.365% | $46K | $5.4M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.77 | −0.068% | $502K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.966% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.39 | +0.313% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.92 | +0.025% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.98 | +0.061% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.99 | +0.068% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
edgeX MSTRUSDC
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
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 | 162.88 | long leg | $864K | $3.7M | 10x | |
| QFEX MSTR-USD | +0.0067% | 1h | 163.08 | +0.123% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0080% | 8h | 162.97 | +0.057% | $1.8M | $8.7M | 50x | as long as short |
| Lighter MSTR | +0.0088% | 1h | 162.97 | +0.055% | $3.5M | $2.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.10 | +0.133% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.04 | +0.098% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.08 | +0.123% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.97 | +0.055% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.97 | +0.055% | $135 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 161.52 | −0.835% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0164% | 8h | 163.00 | +0.072% | $65 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0202% | 8h | 163.01 | +0.080% | $20.8M | $99.7M | 50x | as long as short |
| Variational Omni MSTR | +0.0203% | 8h | 163.25 | +0.229% | $1.2M | $2.0M | — | as long as short |
| Nado MSTR-PERP | +0.0255% | 1h | 163.00 | +0.076% | $125K | $165K | 3x | as long as short |
| Binance MSTRUSDT | +0.0275% | 8h | 162.94 | +0.038% | $84.0M | $621.4M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0281% | 8h | 163.33 | +0.276% | $85K | $836K | 10x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.26 | +0.235% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0395% | 8h | 163.14 | +0.160% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0415% | 8h | 163.02 | +0.086% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDCshort | +0.0493% | 1h | 163.12 | +0.147% | $265K | $417K | 10x | |
| tradeXYZ xyz:MSTR | +0.0504% | 1h | 163.00 | +0.074% | $53.8M | $37.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0548% | 1h | 162.98 | +0.061% | $277K | $437K | 10x | as long as short |
QFEX MSTR-USD
Aster MSTRUSDT
Lighter MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Nado MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL