Funding you earn now, next payment 07:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.018%
Price spread now: Ondo Perps against Paradex−0.267%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.267% cheaper against Paradex than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 163.27 | 0.0167 | pay 0.0167% / 8h | 1h 25m | $65 | — | 5x |
| Short | Ondo Perps MSTR-USD.P | 162.83 | 0.0050 | get 0.0006% / 1h | 25m 58s | $857K | $3.9M | 10x |
Paradex MSTR-USD-PERP
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Paradex. 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
- −$24.44
- Price spread: −0.267% → 0.000%
- −$26.67
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$60.1
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Ondo Perps: no order-book sample. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Paradex and 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 | −0.0932% | 8h | 163.62 | +0.217% | $28.9M | $118.8M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.46 | +0.119% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.28 | +0.009% | $2.7M | $79K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.27 | +0.003% | $508K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.721% | $8K | $26K | 30x | as long as short |
| Aster MSTRUSDT | +0.0036% | 8h | 163.22 | −0.029% | $1.8M | $8.7M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.01 | −0.156% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.95 | −0.193% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.22 | −0.028% | $378K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.24 | −0.016% | $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.Pshort | +0.0050% | 1h | 162.83 | −0.267% | $857K | $3.9M | 10x | |
| QFEX MSTR-USD | +0.0057% | 1h | 163.27 | +0.003% | $1.3M | $7.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.22 | −0.027% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.24 | −0.016% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.70 | −0.346% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.30 | +0.021% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.31 | +0.024% | $136 | — | 10x | as long as short |
| Variational Omni MSTR | +0.0151% | 8h | 162.75 | −0.318% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.34 | +0.046% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −1.069% | $1.4M | $1.1M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0154% | 8h | 163.41 | +0.089% | $20.8M | $100.5M | 50x | as long as short |
| Paradex MSTR-USD-PERPlong | +0.0167% | 8h | 163.27 | long leg | $65 | — | 5x | |
| Binance MSTRUSDT | +0.0234% | 8h | 163.40 | +0.082% | $84.0M | $627.6M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0242% | 8h | 162.87 | −0.242% | $77K | $878K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0278% | 1h | 163.33 | +0.040% | $54.2M | $37.4M | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 162.77 | −0.303% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0352% | 8h | 163.17 | −0.058% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0357% | 1h | 163.04 | −0.138% | $130K | $157K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 163.32 | +0.033% | $265K | $428K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0388% | 8h | 163.46 | +0.119% | $16.8M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0496% | 4h | 162.92 | −0.214% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1160% | 1h | 163.37 | +0.064% | $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
Variational Omni MSTR
Lighter MSTR
Coinbase International MSTR-PERP-INTX
OKX MSTR-USDT-SWAP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
Phoenix MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
RISEx MSTR/USDC
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL