Funding you earn now, next payment 06:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.050%
Price spread now: Ondo Perps against tradeXYZ−0.006%7-day average −0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now −0.006%, 7d avg −0.011%
=Together, before fees−0.143%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. 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 | tradeXYZ xyz:MSTR | 163.90 | 0.0251 | pay 0.0031% / 1h | 7m 16s | $54.3M | $37.4M | 10x |
| Short | Ondo Perps MSTR-USD.P | 163.89 | 0.0050 | get 0.0006% / 1h | 7m 16s | $874K | $3.9M | 10x |
tradeXYZ xyz:MSTR
Ondo Perps MSTR-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against tradeXYZ. 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
- −$42.08
- Price spread: −0.006% → −0.011%
- $0.48
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$64.6
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago | 0.31 bp | 9.6 bp −$10 | 12.3 bp −$123 | 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 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 | −0.1095% | 8h | 164.25 | +0.214% | $28.3M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.09 | +0.116% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.85 | −0.031% | $2.8M | $78K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0003% | 4h | 163.78 | −0.075% | $45K | $5.4M | 10x | as long as short |
| Aster MSTRUSDT | +0.0016% | 8h | 163.92 | +0.013% | $1.8M | $8.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0030% | 1h | 163.93 | +0.018% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.89 | −0.006% | $511K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.319% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.89 | −0.006% | $26K | $113K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.92 | +0.012% | $379K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
edgeX MSTRUSDC
Aster MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps 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 | 163.89 | −0.006% | $874K | $3.9M | 10x | |
| QFEX MSTR-USD | +0.0054% | 1h | 163.99 | +0.055% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 164.06 | +0.098% | $264K | $444K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.95 | +0.029% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.92 | +0.012% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.96 | +0.037% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.05 | +0.092% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.04 | +0.085% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0120% | 8h | 164.06 | +0.098% | $20.8M | $101.1M | 50x | as long as short |
| Lighter MSTR | +0.0136% | 1h | 163.98 | +0.049% | $3.5M | $2.0M | 10x | as long as short |
| Variational Omni MSTR | +0.0144% | 8h | 163.96 | +0.034% | $1.2M | $2.1M | — | as long as short |
| Paradex MSTR-USD-PERP | +0.0146% | 8h | 163.97 | +0.042% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −1.452% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0218% | 8h | 164.06 | +0.098% | $84.2M | $629.1M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0237% | 8h | 164.02 | +0.071% | $80K | $857K | 10x | as long as short |
| tradeXYZ xyz:MSTRlong | +0.0251% | 1h | 163.90 | long leg | $54.3M | $37.4M | 10x | |
| BloFin MSTR-USDT | +0.0338% | 8h | 164.04 | +0.085% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0339% | 1h | 163.83 | −0.045% | $131K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.88 | −0.012% | $56K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0377% | 8h | 164.09 | +0.116% | $16.8M | $41.9M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0407% | 1h | 164.01 | +0.067% | $43K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1032% | 1h | 164.07 | +0.104% | $279K | $438K | 10x | as long as short |
QFEX MSTR-USD
RISEx MSTR/USDC
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
GRVT MSTR_USDT_Perp
BloFin MSTR-USDT
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
SoDEX MSTR-USD
Deribit MSTR_USDC-PERPETUAL