Funding you earn now, next payment 10:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.017%
Price spread now: Ondo Perps against Paradex−0.209%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Ondo Perps is 0.209% cheaper against Paradex than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 166.06 | 0.0185 | pay 0.0185% / 8h | 6h 56m | $66 | — | 5x |
| Short | Ondo Perps MSTR-USD.P | 165.71 | 0.0050 | get 0.0006% / 1h | 56m 23s | $923K | $3.5M | 10x |
Paradex MSTR-USD-PERP
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Paradex. 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
- −$28.22
- Price spread: −0.209% → 0.000%
- −$20.89
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$58.11
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Paradex and 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | 0.0000% | 8h | 166.05 | −0.004% | $4.9M | $17.8M | 50x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.02 | −0.022% | $31.3M | $112.7M | 25x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.22 | +0.098% | $2.8M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 166.05 | −0.004% | $539K | $1.8M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 166.03 | −0.016% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 165.90 | −0.094% | $384K | $2.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.16 | +0.062% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.0050% | 1h | 165.71 | −0.209% | $923K | $3.5M | 10x | |
| QFEX MSTR-USD | +0.0076% | 1h | 165.97 | −0.052% | $1.3M | $6.8M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.04 | −0.010% | $102K | $88K | 10x | as long as short |
Gate MSTR_USDT
Bitget MSTRUSDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
QFEX MSTR-USD
Pacifica MSTRShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | +0.0100% | 8h | 166.06 | +0.002% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.50 | +0.267% | $6K | $178K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.10 | +0.026% | $3K | $10K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.16 | +0.060% | $138 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0112% | 1h | 166.23 | +0.104% | $1.4M | $640K | 10x | as long as short |
| Nado MSTR-PERP | +0.0121% | 1h | 165.99 | −0.043% | $127K | $142K | 3x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 166.00 | −0.034% | $3.5M | $1.7M | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0185% | 8h | 166.06 | long leg | $66 | — | 5x | |
| Aster MSTRUSDT | +0.0189% | 8h | 166.09 | +0.020% | $1.8M | $8.6M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0277% | 8h | 165.97 | −0.052% | $21.6M | $91.8M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0296% | 1h | 165.92 | −0.082% | $54.9M | $36.2M | 10x | as long as short |
| Variational Omni MSTR | +0.0308% | 8h | 166.59 | +0.324% | $1.2M | $1.8M | — | as long as short |
| Binance MSTRUSDT | +0.0382% | 8h | 166.10 | +0.027% | $86.6M | $588.2M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 162.61 | −2.076% | $7K | $26K | 30x | as long as short |
| Phoenix MSTR | +0.0460% | 1h | 166.84 | +0.475% | $56K | $215K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0501% | 8h | 166.52 | +0.279% | $1.1M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0557% | 8h | 166.02 | −0.022% | $17.1M | $40.2M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0598% | 1h | 166.17 | +0.065% | $271K | $382K | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0669% | 8h | 166.65 | +0.357% | $82K | $844K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0709% | 4h | 166.62 | +0.341% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0894% | 1h | 166.24 | +0.110% | $283K | $276K | 10x | as long as short |
| Arcus MSTR-USD | +0.0942% | 1h | 166.15 | +0.056% | $26K | $102K | 10x | as long as short |
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Lighter MSTR
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
tradeXYZ xyz:MSTR
Variational Omni MSTR
Binance MSTRUSDT
Injective MSTR/USDC PERP
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
GRVT MSTR_USDT_Perp
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD