Funding you earn now, next payment 07:00 UTC+0.0308%/8h= +33.7% APRnext payment +$0.39 per $10,000 · paid last 24h +0.023%
Price spread now: Nado against Ondo Perps+0.307%7-day average +0.096% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.194%−$19 on $10k
+Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.307%, 7d avg +0.096%
=Together, before fees−0.329%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Nado is 0.210% dearer against Ondo Perps than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.096%. Mind the row above: over the last 3 days funding on this pair cost −0.194%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 162.83 | 0.0050 | pay 0.0006% / 1h | 25m 26s | $857K | $3.9M | 10x |
| Short | Nado MSTR-PERP | 163.33 | 0.0359 | get 0.0045% / 1h | 25m 26s | $130K | $157K | 3x |
Ondo Perps MSTR-USD.P
Nado MSTR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $64.72
- Price spread: +0.307% → +0.096%
- $21.01
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $73.74
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 17 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 Nado live order book, 17 min ago | 7.06 bp | 28.6 bp −$29 | 85.8 bp −$858 | 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 | −0.0918% | 8h | 163.63 | +0.491% | $28.9M | $118.8M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.56 | +0.448% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.28 | +0.276% | $2.7M | $79K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.25 | +0.258% | $508K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.998% | $8K | $26K | 30x | as long as short |
| Aster MSTRUSDT | +0.0037% | 8h | 163.27 | +0.273% | $1.8M | $8.7M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.15 | +0.197% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.23 | +0.246% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.45 | +0.381% | $378K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.40 | +0.350% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Aster MSTRUSDT
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 | 162.83 | long leg | $857K | $3.9M | 10x | |
| QFEX MSTR-USD | +0.0057% | 1h | 163.41 | +0.356% | $1.3M | $7.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.36 | +0.326% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.27 | +0.270% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.98 | +0.092% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.46 | +0.387% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.48 | +0.399% | $136 | — | 10x | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.36 | +0.325% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −0.805% | $1.4M | $1.1M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0155% | 8h | 163.55 | +0.442% | $20.8M | $100.6M | 50x | as long as short |
| Variational Omni MSTR | +0.0158% | 8h | 163.34 | +0.311% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0168% | 8h | 163.34 | +0.312% | $65 | — | 5x | as long as short |
| Binance MSTRUSDT | +0.0236% | 8h | 163.53 | +0.430% | $84.0M | $627.6M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0248% | 8h | 163.15 | +0.197% | $77K | $878K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0276% | 1h | 163.44 | +0.375% | $54.2M | $37.4M | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 162.77 | −0.036% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0352% | 8h | 163.17 | +0.209% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERPshort | +0.0359% | 1h | 163.33 | +0.307% | $130K | $157K | 3x | |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.32 | +0.301% | $265K | $428K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0388% | 8h | 163.51 | +0.418% | $16.8M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0630% | 4h | 163.03 | +0.125% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1160% | 1h | 163.37 | +0.332% | $278K | $437K | 10x | as long as short |
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Lighter MSTR
Coinbase International MSTR-PERP-INTX
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Paradex MSTR-USD-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
Phoenix MSTR
BloFin MSTR-USDT
RISEx MSTR/USDC
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL