MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0547%/8h= −59.9% APRnext payment −$0.68 per $10,000 · paid last 24h −0.080%

Price spread now: Ondo Perps against RISEx−0.078%7-day average −0.133% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.168%−$17 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now −0.078%, 7d avg −0.133%

Together, before fees−0.378%+ Points / potential airdropOndo Perps: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.055% dearer against RISEx than usual: you sell high and buy low (spread −0.078% now, against its 7-day average of −0.133%): +$5 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 4 days (−0.168% in total) that is about 30 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.168% in total (about -16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.68 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	165.99	0.0598	pay 0.0075% / 1h	10m 38s	$274K	$353K	10x
Short	Ondo Perps MSTR-USD.P	165.86	0.0050	get 0.0006% / 1h	10m 38s	$881K	$3.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee Ondo PerpsbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$114.96
Price spread: −0.078% → −0.133%: $5.48
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$120.47
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 40 min ago; 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 RISEx live order book, 40 min ago	2.42 bp	5.4 bp −$5	7.7 bp −$77	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 exchanges

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	0.0000%	8h	166.03	+0.024%	$4.9M	$18.5M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.98	−0.006%	$32.0M	$106.6M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.09	+0.060%	$2.8M	$85K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.75	−0.143%	$511K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.19	+0.120%	—	$1.7M	25x	as long as short
Lighter MSTR	+0.0048%	1h	165.87	−0.072%	$3.5M	$1.8M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.00	+0.006%	$383K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.97	−0.012%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	165.86	−0.078%	$881K	$3.3M	10x
QFEX MSTR-USD	+0.0076%	1h	166.00	+0.006%	$1.3M	$6.2M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.84	−0.090%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.91	−0.048%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.81	−0.108%	$6K	$157K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.99	0.000%	$3K	$10K	10x	as long as short
Nado MSTR-PERP	+0.0103%	1h	165.94	−0.033%	$127K	$133K	3x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.01	+0.014%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0105%	8h	165.91	−0.045%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	165.78	−0.127%	$1.4M	$393K	10x	as long as short
Aster MSTRUSDT	+0.0212%	8h	165.93	−0.039%	$1.8M	$7.0M	50x	as long as short
Bybit MSTRUSDT	+0.0274%	8h	165.97	−0.012%	$17.1M	$38.6M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0275%	8h	165.96	−0.018%	$21.5M	$85.2M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0275%	1h	165.85	−0.084%	$54.8M	$34.8M	10x	as long as short
Variational Omni MSTR	+0.0300%	8h	166.06	+0.042%	$1.2M	$1.7M	—	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0353%	1h	166.00	+0.006%	$282K	$209K	10x	as long as short
Phoenix MSTR	+0.0355%	1h	165.98	−0.005%	$55K	$217K	10x	as long as short
Binance MSTRUSDT	+0.0395%	8h	165.90	−0.054%	$86.8M	$546.7M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	165.22	−0.464%	$7K	$28K	30x	as long as short
GRVT MSTR_USDT_Perp	+0.0463%	8h	166.02	+0.017%	$80K	$843K	10x	as long as short
BloFin MSTR-USDT	+0.0514%	8h	165.96	−0.018%	$1.1M	$1.9M	20x	as long as short
RISEx MSTR/USDClong	+0.0598%	1h	165.99	long leg	$274K	$353K	10x
edgeX MSTRUSDC	+0.0681%	4h	166.08	+0.057%	$49K	$5.1M	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.05	+0.036%	$26K	$71K	10x	as long as short