Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC−0.0184%/8h= −20.2% APRpaid last 24h −0.032%
Price spread now: Ondo Perps against OKX−0.110%7-day average −0.085% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on OKXShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 7 days−0.091%−$9 · spread now −0.110%, 7d avg −0.085%
Together, before fees−0.124%+ Points / potential airdropOndo Perps: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Ondo Perps is 0.026% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.085%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% 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
LongOKX MSTR-USDT-SWAP163.070.0235pay 0.0235% / 8h7h 37m$20.8M$98.8M50x
ShortOndo Perps MSTR-USD.P162.890.0050get 0.0006% / 1h37m 28s$904K$3.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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

Funding earned
−$38.74
Price spread: −0.110% → −0.085%
−$2.57
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$56.31
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago0.31 bp6.3 bp −$611.3 bp −$11363.4 bp −$6,338doesn'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−0.0098%8h163.13+0.037%$30.4M$118.4M25xas long as short
Gate MSTR_USDT0.0000%8h163.11+0.025%$4.7M$18.6M50xas long as short
Phemex MSTRUSDT0.0000%4h163.08+0.006%$2.7M$86K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.82−0.154%$593K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.845%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.14+0.043%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.85−0.135%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h162.92−0.092%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.02−0.031%$43K$3K10xas long as short
Ondo Perps MSTR-USD.Pshort+0.0050%1h162.89−0.110%$904K$3.7M10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.06−0.006%$1.3M$7.0M10xas long as short
Pacifica MSTR+0.0100%1h163.00−0.044%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.03−0.025%$2.3M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.88−0.117%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.070.000%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.06−0.005%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.276%$1.4M$1.1M10xas long as short
Aster MSTRUSDT+0.0129%8h163.02−0.031%$1.8M$8.7M50xas long as short
Paradex MSTR-USD-PERP+0.0178%8h163.03−0.026%$65—5xas long as short
Lighter MSTR+0.0184%1h163.02−0.031%$3.5M$1.7M10xas long as short
Nado MSTR-PERP+0.0196%1h162.86−0.130%$125K$165K3xas long as short
OKX MSTR-USDT-SWAPlong+0.0235%8h163.07long leg$20.8M$98.8M50x
Variational Omni MSTR+0.0241%8h163.15+0.048%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0324%8h163.03−0.025%$84.4M$619.5M50xas long as short
RISEx MSTR/USDC+0.0400%1h163.08+0.005%$268K$407K10xas long as short
BloFin MSTR-USDT+0.0442%8h163.14+0.043%$1.0M$2.1M20xas long as short
tradeXYZ xyz:MSTR+0.0447%1h163.02−0.031%$53.7M$37.5M10xas long as short
Phoenix MSTR+0.0460%1h163.24+0.104%$55K$223K10xas long as short
edgeX MSTRUSDC+0.0487%4h163.17+0.060%$47K$5.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0596%8h163.13+0.034%$84K$853K10xas long as short
Bybit MSTRUSDT+0.0641%8h163.12+0.031%$17.1M$41.2M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1101%1h163.01−0.037%$277K$430K10xas long as short