Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.2% APRnext payment −$0.74 per $10,000 · paid last 24h −0.020%
Price spread now: Variational Omni against Binance+0.043%7-day average −0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.025%−$2 on $10k
+Price spread, last 7 days−0.055%−$5 · spread now +0.043%, 7d avg −0.005%
=Together, before fees−0.080%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.048% dearer against Binance than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.005%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 4 days (−0.025% in total) that is about 6.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 163.01 | 0.0188 | pay 0.0188% / 8h | 2h 37m | $85.1M | $624.6M | 50x |
| Short | Variational Omni MSTR | 163.08 | 0.0114 | get 0.0114% / 8h | 2h 37m | $1.2M | $2.0M | — |
Binance MSTRUSDT
Variational Omni MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$15.64
- Price spread: +0.043% → −0.005%
- $4.77
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.88
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 6 min ago; Variational Omni: RFQ quote, 2 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 Binance live order book, 6 min ago | 0.31 bp | 5.8 bp −$6 | 9.4 bp −$94 | 29.1 bp −$2,906 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 2.98 bp | doesn't fit | 11.0 bp −$110 | doesn't fit | doesn't fit |
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 | −0.1041% | 8h | 163.26 | +0.153% | $27.1M | $117.7M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 162.99 | −0.014% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.07 | +0.037% | $4.7M | $19.4M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.33 | +0.196% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.81 | −0.120% | $593K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.883% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.03 | +0.012% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0042% | 1h | 162.49 | −0.319% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.75 | −0.159% | $376K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.73 | −0.172% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
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.P | +0.0050% | 1h | 162.66 | −0.215% | $833K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 163.02 | +0.006% | $1.4M | $7.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0086% | 8h | 163.01 | 0.000% | $20.7M | $99.9M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.01 | −0.001% | $264K | $443K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.92 | −0.055% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.85 | −0.098% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.65 | −0.221% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 162.75 | −0.159% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.79 | −0.137% | $135 | — | 10x | as long as short |
| Variational Omni MSTRshort | +0.0114% | 8h | 163.08 | +0.043% | $1.2M | $2.0M | — | |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 162.98 | −0.020% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 162.54 | −0.288% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDTlong | +0.0188% | 8h | 163.01 | long leg | $85.1M | $624.6M | 50x | |
| GRVT MSTR_USDT_Perp | +0.0193% | 8h | 162.78 | −0.141% | $79K | $839K | 10x | as long as short |
| Lighter MSTR | +0.0200% | 1h | 162.84 | −0.104% | $3.4M | $1.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0304% | 8h | 162.75 | −0.159% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0358% | 8h | 163.07 | +0.037% | $16.7M | $41.3M | 50x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 162.94 | −0.044% | $55K | $226K | 10x | as long as short |
| Nado MSTR-PERP | +0.0364% | 1h | 162.84 | −0.103% | $130K | $156K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0366% | 1h | 162.84 | −0.104% | $54.2M | $37.1M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0800% | 4h | 162.72 | −0.175% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0980% | 1h | 162.81 | −0.123% | $277K | $438K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
Lighter MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Nado MSTR-PERP
tradeXYZ xyz:MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL