MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h −0.035%

Price spread now: Ondo Perps against Injective−3.366%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 3.366% cheaper against Injective than usual: you would sell low and buy high (spread −3.366% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$337 on $10k: about 22 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	169.34	0.0033	pay 0.0004% / 1h	19m 57s	$8K	$26K	30x
Short	Ondo Perps MSTR-USD.P	163.64	0.0050	get 0.0006% / 1h	19m 57s	$840K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 InjectivebpFee Ondo PerpsbpOrdersPrice spread, now −3.366%Rate

Funding earned: $3.58
Price spread: −3.366% → 0.000%: −$336.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$338.04
Costs to cover: 0.050%
Break-even: 667.2 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Injective 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
Bitget MSTRUSDT	−0.0837%	8h	163.90	−3.212%	$29.0M	$118.8M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.84	−3.248%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.92	−3.201%	$2.8M	$79K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.59	−3.396%	$511K	$2.0M	10x	as long as short
Injective MSTR/USDC PERPlong	+0.0033%	1h	169.34	long leg	$8K	$26K	30x
Arcus MSTR-USD	+0.0040%	1h	163.60	−3.390%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.73	−3.313%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.75	−3.301%	$379K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	163.64	−3.366%	$840K	$3.9M	10x
Aster MSTRUSDT	+0.0050%	8h	163.67	−3.348%	$1.8M	$8.7M	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	+0.0057%	1h	163.80	−3.272%	$1.3M	$7.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.80	−3.270%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.66	−3.354%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.29	−3.573%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.88	−3.224%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.87	−3.231%	$136	—	10x	as long as short
SoDEX MSTR-USD	+0.0132%	1h	163.80	−3.272%	$43K	$3K	10x	as long as short
Lighter MSTR	+0.0136%	1h	163.79	−3.277%	$3.5M	$2.0M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0152%	1h	161.52	−4.618%	$1.4M	$1.1M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0165%	8h	163.83	−3.254%	$20.8M	$100.7M	50x	as long as short
Variational Omni MSTR	+0.0166%	8h	163.76	−3.297%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0173%	8h	163.84	−3.248%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0250%	8h	163.79	−3.280%	$84.0M	$627.3M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0258%	1h	163.70	−3.331%	$54.2M	$37.2M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0259%	8h	163.42	−3.496%	$83K	$878K	10x	as long as short
Phoenix MSTR	+0.0328%	1h	163.43	−3.490%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0365%	8h	163.80	−3.272%	$1.0M	$2.1M	20x	as long as short
Nado MSTR-PERP	+0.0367%	1h	163.72	−3.317%	$131K	$157K	3x	as long as short
RISEx MSTR/USDC	+0.0381%	1h	163.89	−3.218%	$266K	$428K	10x	as long as short
Bybit MSTRUSDT	+0.0391%	8h	163.85	−3.242%	$16.9M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0831%	4h	163.42	−3.495%	$46K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0910%	1h	163.93	−3.195%	$279K	$437K	10x	as long as short