Funding you earn now, next payment 07:00 UTC+0.0511%/8h= +55.9% APRpaid last 24h +0.169%
Price spread now: edgeX against Ondo Perps+0.192%54s7-day average +0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days+0.002%$0 · spread now +0.192%, 7d avg +0.069%
=Together, before fees−0.010%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and edgeX is 0.123% dearer against Ondo Perps than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.069%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 162.77 | 0.0050 | pay 0.0006% / 1h | 43m 55s | $841K | $3.9M | 10x |
| Short | edgeX MSTRUSDC | 163.08 | 0.0561 | get 0.0281% / 4h | 1h 43m | $46K | $5.4M | 10x |
Ondo Perps MSTR-USD.P
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $107.26
- Price spread: +0.192% → +0.069%
- $12.3
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $105.56
- Costs to cover
- 0.140%
- Break-even
- 0.1 days
Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 5 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 edgeX live order book, 5 min ago | 5.82 bp | 10.8 bp −$11 | 17.6 bp −$176 | 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 | −0.0892% | 8h | 163.07 | +0.184% | $28.6M | $119.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 162.94 | +0.104% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.30 | +0.326% | $2.7M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0024% | 8h | 162.93 | +0.098% | $1.8M | $8.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.68 | −0.058% | $501K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +4.036% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.12 | +0.215% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.68 | −0.055% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.91 | +0.086% | $376K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.87 | +0.061% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 162.77 | long leg | $841K | $3.9M | 10x | |
| QFEX MSTR-USD | +0.0057% | 1h | 162.99 | +0.135% | $1.3M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.97 | +0.125% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.87 | +0.061% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.74 | −0.018% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.88 | +0.068% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.89 | +0.073% | $135 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0131% | 8h | 162.87 | +0.061% | $20.7M | $100.3M | 50x | as long as short |
| Lighter MSTR | +0.0136% | 1h | 162.88 | +0.068% | $3.5M | $2.0M | 10x | as long as short |
| Variational Omni MSTR | +0.0147% | 8h | 162.88 | +0.065% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0150% | 8h | 162.94 | +0.106% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −0.768% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0223% | 8h | 162.86 | +0.055% | $83.7M | $628.5M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0230% | 1h | 162.83 | +0.037% | $54.0M | $37.3M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0232% | 8h | 163.04 | +0.165% | $79K | $876K | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 163.25 | +0.294% | $55K | $223K | 10x | as long as short |
| Nado MSTR-PERP | +0.0329% | 1h | 162.89 | +0.071% | $130K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0342% | 8h | 163.17 | +0.246% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0381% | 8h | 162.89 | +0.074% | $16.8M | $41.8M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 162.99 | +0.135% | $262K | $437K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0561% | 4h | 163.08 | +0.192% | $46K | $5.4M | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.0856% | 1h | 162.92 | +0.092% | $277K | $437K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Lighter MSTR
Variational Omni MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
tradeXYZ xyz:MSTR
GRVT MSTR_USDT_Perp
Phoenix MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
Deribit MSTR_USDC-PERPETUAL