MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0687%/8h= −75.2% APRnext payment −$0.86 per $10,000 · paid last 24h −0.064%

Price spread now: Ondo Perps against Arcus−0.141%7-day average −0.123% · you buy dearer than you sell

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

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.141%, 7d avg −0.123%

Together, before fees+0.095%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.123%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.062%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.062% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.86 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	Arcus MSTR-USD	169.65	0.0738	pay 0.0092% / 1h	44m 36s	$27K	$129K	10x
Short	Ondo Perps MSTR-USD.P	169.41	0.0050	get 0.0006% / 1h	44m 36s	$781K	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Arcus. 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 ArcusbpFee Ondo PerpsbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$144.31
Price spread: −0.141% → −0.123%: −$1.84
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$155.65
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 33 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 Arcus live order book, 33 min ago	7.38 bp	13.1 bp −$13	42.4 bp −$424	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
Aster MSTRUSDT	0.0000%	8h	169.51	−0.083%	$1.3M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.54	−0.065%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.63	−0.010%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.66	+0.006%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.60	−0.029%	$276K	$442K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0004%	8h	169.42	−0.134%	$83K	$875K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0017%	8h	169.66	+0.006%	$22.1M	$106.8M	50x	as long as short
BloFin MSTR-USDT	+0.0045%	8h	169.63	−0.012%	$1.1M	$1.9M	20x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.73	+0.047%	—	$2.1M	25x	as long as short
Binance MSTRUSDT	+0.0047%	8h	169.61	−0.023%	$89.5M	$628.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0049%	1h	169.55	−0.059%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.53	−0.071%	$394K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.57	−0.047%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	169.41	−0.141%	$781K	$5.2M	10x
Bitget MSTRUSDT	+0.0062%	8h	169.53	−0.071%	$28.7M	$120.0M	25x	as long as short
Extended MSTR_24_5-USD	+0.0064%	1h	169.39	−0.152%	$583K	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0065%	1h	169.43	−0.130%	$140K	$97K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	169.32	−0.195%	$1.5M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.47	−0.106%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.42	−0.136%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.21	−0.259%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.58	−0.041%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.08	−0.336%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.57	−0.050%	$141	—	10x	as long as short
Bybit MSTRUSDT	+0.0108%	8h	169.61	−0.024%	$15.2M	$40.5M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0144%	8h	169.60	−0.032%	$68	—	5x	as long as short
Lighter MSTR	+0.0152%	1h	169.53	−0.071%	$3.6M	$2.4M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0198%	1h	169.51	−0.083%	$57.2M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.50	−0.086%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0491%	4h	169.40	−0.149%	$47K	$5.5M	10x	as long as short
Arcus MSTR-USDlong	+0.0738%	1h	169.65	long leg	$27K	$129K	10x
Deribit MSTR_USDC-PERPETUAL	+0.1226%	1h	169.66	+0.006%	$289K	$438K	10x	as long as short