MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Ondo Perps against Extended−0.052%7-day average +0.009% · you buy dearer than you sell

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

Long on Extended Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.052%, 7d avg +0.009%

Together, before fees−0.022%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.060% cheaper against Extended than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.009%). If the spread goes back, that is −$6 on $10k: about 11 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MSTR_24_5-USD	163.85	0.0032	pay 0.0004% / 1h	5m 07s	$511K	$2.0M	10x
Short	Ondo Perps MSTR-USD.P	163.77	0.0050	get 0.0006% / 1h	5m 07s	$853K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Extended. 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 ExtendedbpFee Ondo PerpsbpOrdersPrice spread, now −0.052%Rate

Funding earned: $3.86
Price spread: −0.052% → +0.009%: −$6.04
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$12.18
Costs to cover: 0.100%
Break-even: 29.1 days

Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago	1.53 bp	5.4 bp −$5	22.7 bp −$227	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	−0.1037%	8h	164.19	+0.204%	$28.4M	$119.0M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.05	+0.119%	$4.7M	$19.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.77	−0.052%	$2.8M	$78K	10x	as long as short
Aster MSTRUSDT	+0.0018%	8h	163.93	+0.048%	$1.8M	$8.7M	50x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	163.85	long leg	$511K	$2.0M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.347%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERP	+0.0033%	1h	164.12	+0.162%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.03	+0.107%	$26K	$113K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.01	+0.095%	$378K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	163.77	−0.052%	$853K	$3.9M	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0054%	1h	164.09	+0.143%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	164.15	+0.180%	$264K	$442K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.05	+0.117%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.93	+0.046%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.94	+0.052%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.02	+0.101%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.98	+0.074%	$136	—	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0122%	8h	164.00	+0.088%	$20.8M	$101.1M	50x	as long as short
Lighter MSTR	+0.0128%	1h	163.92	+0.040%	$3.5M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	164.20	+0.211%	$66	—	5x	as long as short
Variational Omni MSTR	+0.0147%	8h	164.18	+0.196%	$1.2M	$2.1M	—	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−1.425%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0221%	8h	164.00	+0.088%	$84.2M	$629.3M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0236%	8h	164.07	+0.133%	$79K	$854K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0238%	1h	163.87	+0.009%	$54.3M	$37.4M	10x	as long as short
Nado MSTR-PERP	+0.0335%	1h	164.15	+0.178%	$131K	$157K	3x	as long as short
BloFin MSTR-USDT	+0.0341%	8h	163.97	+0.070%	$1.0M	$2.1M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0360%	1h	163.92	+0.040%	$279K	$438K	10x	as long as short
Phoenix MSTR	+0.0362%	1h	163.88	+0.015%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0375%	8h	164.07	+0.131%	$16.9M	$41.9M	50x	as long as short
SoDEX MSTR-USD	+0.0416%	1h	163.97	+0.070%	$43K	$3K	10x	as long as short
edgeX MSTRUSDC	+0.0838%	4h	164.00	+0.091%	$46K	$5.4M	10x	as long as short