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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0408%/8h= −44.7% APRpaid last 24h −0.169%
Price spread now: Ondo Perps against edgeX−0.015%54s7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on edgeXShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 7 days−0.049%−$5 · spread now −0.015%, 7d avg −0.072%
Together, before fees−0.037%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.058% dearer against edgeX than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.072%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MSTRUSDC163.500.0458pay 0.0229% / 4h1h 53m$46K$5.4M10x
ShortOndo Perps MSTR-USD.P163.480.0050get 0.0006% / 1h53m 44s$843K$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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

Funding earned
−$85.66
Price spread: −0.015% → −0.072%
$5.77
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$93.89
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 5 min ago6.11 bp11.1 bp −$1117.9 bp −$179doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0900%8h163.50−0.002%$28.7M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.39−0.070%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.42−0.051%$2.8M$78K10xas long as short
Aster MSTRUSDT+0.0016%8h163.25−0.156%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.09−0.253%$508K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.569%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.51+0.004%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.07−0.265%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.14−0.223%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.25−0.155%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.Pshort+0.0050%1h163.48−0.015%$843K$3.9M10x
QFEX MSTR-USD+0.0057%1h163.19−0.192%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.14−0.225%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.23−0.168%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.33−0.106%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.29−0.131%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.27−0.145%$136—10xas long as short
OKX MSTR-USDT-SWAP+0.0120%8h163.29−0.131%$20.7M$100.7M50xas long as short
Paradex MSTR-USD-PERP+0.0139%8h163.20−0.184%$65—5xas long as short
Variational Omni MSTR+0.0143%8h163.37−0.084%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.213%$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0169%1h163.20−0.186%$54.1M$37.3M10xas long as short
Lighter MSTR+0.0192%1h163.24−0.162%$3.5M$2.0M10xas long as short
Binance MSTRUSDT+0.0216%8h163.27−0.143%$83.8M$629.1M50xas long as short
GRVT MSTR_USDT_Perp+0.0229%8h163.55+0.027%$83K$865K10xas long as short
Nado MSTR-PERP+0.0307%1h163.15−0.215%$130K$157K3xas long as short
BloFin MSTR-USDT+0.0336%8h163.41−0.058%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0362%1h163.67+0.104%$56K$223K10xas long as short
Bybit MSTRUSDT+0.0373%8h163.33−0.106%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h163.22−0.174%$262K$437K10xas long as short
edgeX MSTRUSDClong+0.0458%4h163.50long leg$46K$5.4M10x
Deribit MSTR_USDC-PERPETUAL+0.0547%1h163.25−0.155%$278K$437K10xas long as short