Funding you earn now, next payment 02:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.053%
Price spread now: tradeXYZ against Ondo Perps+0.115%7-day average +0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 7 days+0.286%+$29 · spread now +0.115%, 7d avg +0.019%
=Together, before fees+0.384%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board+$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.096% dearer against Ondo Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 165.83 | 0.0050 | pay 0.0006% / 1h | 59m 18s | $768K | $4.8M | 10x |
| Short | tradeXYZ xyz:MSTR | 166.02 | 0.0130 | get 0.0016% / 1h | 59m 18s | $56.0M | $36.0M | 10x |
Ondo Perps MSTR-USD.P
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $16.72
- Price spread: +0.115% → +0.019%
- $9.59
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $3.31
- Costs to cover
- 0.230%
- Break-even
- 5.6 days
Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago | 0.30 bp | 11.0 bp −$11 | 14.2 bp −$142 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | −0.0266% | 8h | 166.19 | +0.217% | $4.6M | $18.5M | 50x | as long as short |
| BloFin MSTR-USDT | −0.0029% | 8h | 166.03 | +0.121% | $1.1M | $1.9M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 166.01 | +0.111% | $1.2M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 166.16 | +0.201% | $87.6M | $617.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 166.18 | +0.211% | $21.2M | $100.1M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 166.16 | +0.199% | $272K | $436K | 10x | as long as short |
| Bitget MSTRUSDT | 0.0000% | 8h | 166.25 | +0.253% | $27.3M | $114.2M | 25x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 166.01 | +0.106% | $1.2M | $2.0M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 166.06 | +0.139% | $84K | $812K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.24 | +0.247% | $2.8M | $67K | 10x | as long as short |
Gate MSTR_USDT
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Bitget MSTRUSDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 165.95 | +0.072% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 166.03 | +0.124% | $571K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0035% | 1h | 166.08 | +0.151% | $1.4M | $8.6M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 166.34 | +0.308% | $27K | $115K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.96 | +0.078% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 166.01 | +0.109% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 165.83 | long leg | $768K | $4.8M | 10x | |
| Nado MSTR-PERP | +0.0080% | 1h | 166.02 | +0.115% | $135K | $129K | 3x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 166.07 | +0.147% | $103K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 165.97 | +0.084% | $2.5M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 166.29 | +0.277% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 166.01 | +0.109% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 166.07 | +0.145% | $138 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0114% | 8h | 165.99 | +0.099% | $66 | — | 5x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0130% | 1h | 166.02 | +0.115% | $56.0M | $36.0M | 10x | |
| Polymarket Perps MSTR-USD | +0.0152% | 1h | 166.08 | +0.151% | $390K | $2.7M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 165.95 | +0.072% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0259% | 1h | 166.44 | +0.370% | $56K | $219K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0307% | 8h | 166.24 | +0.247% | $16.7M | $40.4M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.117% | $8K | $26K | 30x | as long as short |
| edgeX MSTRUSDC | +0.0663% | 4h | 166.58 | +0.452% | $43K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1316% | 1h | 166.28 | +0.271% | $283K | $438K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Nado MSTR-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Polymarket Perps MSTR-USD
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
Bybit MSTRUSDT
Injective MSTR/USDC PERP
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL