Funding you earn now, next payment 10:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Vest against Ondo Perps+0.193%7-day average −0.327% · 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)−0.150%−$15 on $10k
+Price spread, last 7 days+0.138%+$14 · spread now +0.193%, 7d avg −0.327%
=Together, before fees−0.012%+ Points / potential airdropOndo Perps: Active · Vest: Active · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 0.520% dearer against Ondo Perps than usual: you sell high and buy low, +$52 on $10k if it goes back to its 7-day average of −0.327%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 165.86 | 0.0050 | pay 0.0006% / 1h | 8m 50s | $881K | $3.3M | 10x |
| Short | Vest MSTR-USD-PERP | 166.18 | 0.0046 | get 0.0006% / 1h | 8m 50s | — | $1.7M | 25x |
Ondo Perps MSTR-USD.P
Vest MSTR-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$0.99
- Price spread: +0.193% → −0.327%
- $51.96
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $43.97
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Vest: 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 Vest no order-book sample | — | — | — | — | — |
Ondo Perps and Vest: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 166.09 | +0.139% | $4.9M | $18.5M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.10 | +0.145% | $32.0M | $106.6M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.10 | +0.145% | $2.8M | $85K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 165.97 | +0.069% | $511K | $1.8M | 10x | as long as short |
| Vest MSTR-USD-PERPshort | +0.0046% | 1h | 166.18 | +0.193% | — | $1.7M | 25x | |
| Lighter MSTR | +0.0048% | 1h | 166.04 | +0.109% | $3.5M | $1.8M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 166.02 | +0.096% | $383K | $2.3M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.01 | +0.090% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 165.86 | long leg | $881K | $3.3M | 10x | |
| QFEX MSTR-USD | +0.0076% | 1h | 165.98 | +0.072% | $1.3M | $6.2M | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Lighter MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
QFEX MSTR-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MSTR | +0.0100% | 1h | 165.92 | +0.039% | $101K | $74K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.01 | +0.090% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.85 | −0.006% | $6K | $157K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.04 | +0.109% | $3K | $10K | 10x | as long as short |
| Nado MSTR-PERP | +0.0101% | 1h | 165.93 | +0.042% | $127K | $133K | 3x | as long as short |
| Paradex MSTR-USD-PERP | +0.0104% | 8h | 166.00 | +0.087% | $66 | — | 5x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.05 | +0.113% | $138 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0112% | 1h | 165.78 | −0.048% | $1.4M | $390K | 10x | as long as short |
| Aster MSTRUSDT | +0.0213% | 8h | 166.03 | +0.102% | $1.8M | $7.0M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0272% | 1h | 166.01 | +0.090% | $54.8M | $34.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0275% | 8h | 166.04 | +0.109% | $21.6M | $85.1M | 50x | as long as short |
| Bybit MSTRUSDT | +0.0276% | 8h | 166.10 | +0.145% | $17.1M | $38.5M | 50x | as long as short |
| Variational Omni MSTR | +0.0305% | 8h | 165.95 | +0.053% | $1.2M | $1.7M | — | as long as short |
| edgeX MSTRUSDC | +0.0338% | 4h | 166.00 | +0.087% | $49K | $5.0M | 10x | as long as short |
| Phoenix MSTR | +0.0355% | 1h | 165.98 | +0.074% | $55K | $217K | 10x | as long as short |
| Binance MSTRUSDT | +0.0395% | 8h | 166.04 | +0.109% | $86.9M | $545.9M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 165.22 | −0.386% | $7K | $28K | 30x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0466% | 8h | 166.03 | +0.102% | $80K | $843K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0515% | 8h | 166.04 | +0.109% | $1.1M | $1.9M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0534% | 1h | 166.05 | +0.115% | $282K | $209K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0598% | 1h | 166.09 | +0.139% | $274K | $353K | 10x | as long as short |
| Arcus MSTR-USD | +0.0942% | 1h | 166.08 | +0.133% | $26K | $71K | 10x | as long as short |
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Nado MSTR-PERP
Paradex MSTR-USD-PERP
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Aster MSTRUSDT
tradeXYZ xyz:MSTR
OKX MSTR-USDT-SWAP
Bybit MSTRUSDT
Variational Omni MSTR
edgeX MSTRUSDC
Phoenix MSTR
Binance MSTRUSDT
Injective MSTR/USDC PERP
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
Deribit MSTR_USDC-PERPETUAL
RISEx MSTR/USDC
Arcus MSTR-USD