Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against Ondo Perps+0.006%7-day average +0.111% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now +0.006%, 7d avg +0.111%
=Together, before fees+0.138%+ Points / potential airdropOndo Perps: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.105% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.111%). If the spread goes back, that is −$10 on $10k: about 7.0 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 164.27 | 0.0050 | pay 0.0006% / 1h | 43m 35s | $855K | $4.0M | 10x |
| Short | ApeX Omni MSTRUSDT | 164.28 | 0.0100 | get 0.0013% / 1h | 43m 35s | $6K | $182K | 50x |
Ondo Perps MSTR-USD.P
ApeX Omni MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.42
- Price spread: +0.006% → +0.111%
- −$10.46
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$15.05
- Costs to cover
- 0.150%
- Break-even
- 17.1 days
Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 20 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 20 min ago | 3.04 bp | 44.3 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0884% | 8h | 164.41 | +0.085% | $27.8M | $115.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.28 | +0.007% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.34 | +0.043% | $4.6M | $18.9M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.26 | −0.006% | $2.8M | $76K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.12 | −0.091% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.086% | $8K | $26K | 30x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0036% | 8h | 164.29 | +0.012% | $20.7M | $99.5M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0038% | 4h | 164.50 | +0.138% | $49K | $5.3M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.44 | +0.103% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.13 | −0.085% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
OKX MSTR-USDT-SWAP
edgeX MSTRUSDC
Arcus MSTR-USD
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.22 | −0.030% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.24 | −0.018% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 164.27 | long leg | $855K | $4.0M | 10x | |
| QFEX MSTR-USD | +0.0067% | 1h | 164.25 | −0.012% | $1.4M | $7.3M | 10x | as long as short |
| Lighter MSTR | +0.0072% | 1h | 164.23 | −0.024% | $3.5M | $1.9M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.24 | −0.019% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.24 | −0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.0100% | 1h | 164.28 | +0.006% | $6K | $182K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.24 | −0.018% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0101% | 8h | 164.45 | +0.107% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.27 | +0.001% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0137% | 8h | 164.23 | −0.023% | $66 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0158% | 8h | 164.28 | +0.008% | $86.8M | $615.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0167% | 8h | 164.42 | +0.090% | $75K | $803K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.21 | −0.037% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.29 | +0.015% | $266K | $445K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0244% | 1h | 164.23 | −0.024% | $54.7M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0253% | 1h | 164.15 | −0.076% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0281% | 8h | 164.36 | +0.055% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0335% | 8h | 164.31 | +0.024% | $16.8M | $40.8M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.53 | +0.159% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0847% | 1h | 164.29 | +0.012% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
QFEX MSTR-USD
Lighter MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL