MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Ondo Perps against Pacifica−0.062%7-day average −0.099% · you buy dearer than you sell

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

Long on Pacifica Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.062%, 7d avg −0.099%

Together, before fees−0.047%+ Points / potential airdropPacifica: Active · Ondo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.037% dearer against Pacifica than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.099%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.041% in total) that is about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	164.36	0.0100	pay 0.0013% / 1h	46m 10s	$100K	$83K	10x
Short	Ondo Perps MSTR-USD.P	164.26	0.0050	get 0.0006% / 1h	46m 10s	$855K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpFee Ondo PerpsbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$10.42
Price spread: −0.062% → −0.099%: $3.7
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.72
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 6 min ago; Ondo Perps: 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 Pacifica live order book, 6 min ago	0.03 bp	4.1 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.0882%	8h	164.61	+0.151%	$27.9M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.46	+0.061%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.49	+0.078%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.49	+0.078%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.29	−0.041%	$593K	$1.9M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0033%	8h	164.49	+0.078%	$20.7M	$99.6M	50x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.029%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.53	+0.102%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.31	−0.032%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.40	+0.023%	$380K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.45	+0.054%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	164.26	−0.062%	$855K	$4.0M	10x
Lighter MSTR	+0.0056%	1h	164.43	+0.041%	$3.5M	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.43	+0.041%	$1.4M	$7.3M	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	164.47	+0.063%	$1.2M	$2.1M	—	as long as short
Pacifica MSTRlong	+0.0100%	1h	164.36	long leg	$100K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	164.38	+0.011%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.24	−0.074%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.46	+0.060%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.46	+0.060%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.35	−0.007%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0161%	8h	164.50	+0.081%	$86.9M	$615.8M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.46	+0.060%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0172%	8h	164.40	+0.023%	$75K	$803K	10x	as long as short
edgeX MSTRUSDC	+0.0198%	4h	164.28	−0.051%	$49K	$5.3M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.44	+0.044%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0246%	1h	164.27	−0.057%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0247%	1h	164.40	+0.023%	$54.8M	$37.0M	10x	as long as short
BloFin MSTR-USDT	+0.0282%	8h	164.38	+0.011%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0339%	8h	164.50	+0.084%	$16.8M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.38	+0.010%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0845%	1h	164.51	+0.090%	$280K	$438K	10x	as long as short