Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.015%
Price spread now: Binance against Ondo Perps−0.046%7-day average +0.136% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 2 days (all we have)+0.114%+$11 · spread now −0.046%, 7d avg +0.136%
=Together, before fees+0.103%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.181% cheaper against Ondo Perps than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.136%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 169.09 | 0.0050 | pay 0.0006% / 1h | 46m 33s | $752K | $5.1M | 10x |
| Short | Binance MSTRUSDT | 169.01 | 0 | get 0.0000% / 8h | 1h 46m | $88.3M | $629.2M | 50x |
Ondo Perps MSTR-USD.P
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$10.58
- Price spread: −0.046% → +0.136%
- −$18.14
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.72
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 12 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 Binance live order book, 12 min ago | 0.29 bp | 6.7 bp −$7 | 11.0 bp −$110 | 30.1 bp −$3,013 | 145.4 bp −$72.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0083% | 1h | 169.09 | −0.003% | $139K | $97K | 3x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.01 | −0.046% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDTshort | 0.0000% | 8h | 169.01 | −0.046% | $88.3M | $629.2M | 50x | |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 168.95 | −0.083% | $22.1M | $106.8M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.02 | −0.042% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.00 | −0.053% | $4.8M | $19.3M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.20 | +0.065% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.23 | +0.084% | $74K | $935K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.01 | −0.047% | $2.9M | $60K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0007% | 8h | 169.02 | −0.041% | $1.1M | $1.8M | 20x | as long as short |
Nado MSTR-PERP
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 168.93 | −0.095% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.00 | −0.054% | $585K | $1.8M | 10x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.02 | −0.041% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.12 | +0.018% | — | $2.1M | 25x | as long as short |
| Bitget MSTRUSDT | +0.0049% | 8h | 169.01 | −0.047% | $28.8M | $119.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.01 | −0.047% | $403K | $2.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 168.96 | −0.077% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 169.09 | long leg | $752K | $5.1M | 10x | |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | −0.095% | $1.5M | $1.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0078% | 8h | 168.98 | −0.064% | $68 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.0079% | 8h | 169.07 | −0.012% | $15.2M | $40.9M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.01 | −0.049% | $103K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.03 | −0.035% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.02 | −0.041% | $4K | $661K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.07 | −0.012% | $3K | $12K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0100% | 1h | 168.99 | −0.059% | $56.9M | $38.0M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.06 | −0.020% | $140 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0223% | 1h | 169.07 | −0.012% | $287K | $439K | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.12 | +0.015% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.25 | +0.095% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.09 | 0.000% | $27K | $134K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0654% | 4h | 169.21 | +0.072% | $48K | $5.4M | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Vest MSTR-USD-PERP
Bitget MSTRUSDT
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Bybit MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
tradeXYZ xyz:MSTR
Aevo MSTR-PERP
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
edgeX MSTRUSDC