MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0241%/8h= −26.4% APRnext payment −$0.30 per $10,000 · paid last 24h −0.103%

Price spread now: Ondo Perps against RISEx−0.101%7-day average −0.135% · you buy dearer than you sell

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

Long on RISEx Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.149%−$15 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.101%, 7d avg −0.135%

Together, before fees−0.167%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.034% dearer against RISEx than usual: you sell high and buy low (spread −0.101% now, against its 7-day average of −0.135%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	164.33	0.0291	pay 0.0036% / 1h	50m 36s	$269K	$447K	10x
Short	Ondo Perps MSTR-USD.P	164.16	0.0050	get 0.0006% / 1h	50m 36s	$880K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against RISEx. 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 RISExbpFee Ondo PerpsbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$50.57
Price spread: −0.101% → −0.135%: $3.37
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$58.2
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 13 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 RISEx live order book, 13 min ago	1.52 bp	4.5 bp −$5	5.3 bp −$53	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 31 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	−0.1227%	8h	164.58	+0.154%	$27.6M	$114.4M	25x	as long as short
Gate MSTR_USDT	−0.0039%	8h	164.32	−0.004%	$4.6M	$18.4M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.42	+0.055%	$1.2M	$7.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.30	−0.016%	$20.8M	$99.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.63	+0.185%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0011%	8h	164.49	+0.101%	$1.2M	$2.0M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.37	+0.026%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.19	−0.083%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.051%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.45	+0.075%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.42	+0.057%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.48	+0.093%	$384K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.54	+0.130%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	164.16	−0.101%	$880K	$4.3M	10x
QFEX MSTR-USD	+0.0060%	1h	164.29	−0.022%	$1.4M	$7.8M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0062%	1h	164.41	+0.051%	$55.1M	$36.6M	10x	as long as short
Binance MSTRUSDT	+0.0082%	8h	164.34	+0.008%	$87.8M	$618.2M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.42	+0.055%	$101K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.38	+0.033%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.33	+0.002%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.53	+0.124%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.51	+0.113%	$137	—	10x	as long as short
edgeX MSTRUSDC	+0.0137%	4h	164.24	−0.054%	$50K	$5.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0141%	8h	164.43	+0.063%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0159%	8h	164.46	+0.080%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.144%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0213%	1h	164.40	+0.047%	$122K	$149K	3x	as long as short
RISEx MSTR/USDClong	+0.0291%	1h	164.33	long leg	$269K	$447K	10x
Bybit MSTRUSDT	+0.0332%	8h	164.39	+0.039%	$17.0M	$40.7M	50x	as long as short
Phoenix MSTR	+0.0336%	1h	164.25	−0.044%	$55K	$227K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0480%	1h	164.58	+0.154%	$280K	$438K	10x	as long as short