MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0209%/8h= +22.9% APRnext payment +$2.09 per $10,000 · paid last 24h +0.005%

Price spread now: Variational Omni against Bitget−0.284%7-day average +0.012% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.253%+$25 · spread now −0.284%, 7d avg +0.012%

Together, before fees+0.261%+ Points / potential airdropVariational Omni: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.296% cheaper against Bitget than usual: you would sell low and buy high (spread −0.284% now, against its 7-day average of +0.012%). If the spread goes back, that is −$30 on $10k: about 4.7 days of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.008% in total) that is about 4 months.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.008% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.09 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	Bitget MSTRUSDT	165.66	−0.0209	get 0.0209% / 8h	6h 53m	$27.0M	$115.0M	25x
Short	Variational Omni MSTR	165.19	0	get 0.0000% / 8h	6h 53m	$1.2M	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.284%Rate

Funding earned: $43.89
Price spread: −0.284% → +0.012%: −$29.6
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.29
Costs to cover: 0.120%
Break-even: 6.6 days

Slippage unknown: Bitget: live order book, 6 min ago; Variational Omni: RFQ quote, 1 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 Bitget live order book, 6 min ago	0.30 bp	7.8 bp −$8	13.4 bp −$134	30.4 bp −$3,039	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.00 bp	doesn't fit	5.3 bp −$53	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
Gate MSTR_USDT	−0.0315%	8h	165.54	−0.072%	$4.6M	$18.7M	50x	as long as short
Bitget MSTRUSDTlong	−0.0209%	8h	165.66	long leg	$27.0M	$115.0M	25x
Aster MSTRUSDT	0.0000%	8h	165.29	−0.226%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	165.72	+0.037%	$87.3M	$622.8M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	165.61	−0.030%	$21.1M	$100.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	165.15	−0.307%	$270K	$436K	10x	as long as short
Variational Omni MSTRshort	0.0000%	8h	165.19	−0.284%	$1.2M	$2.0M	—
GRVT MSTR_USDT_Perp	0.0000%	8h	165.23	−0.260%	$83K	$802K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.00	+0.205%	$2.8M	$67K	10x	as long as short
BloFin MSTR-USDT	+0.0005%	8h	165.88	+0.133%	$1.1M	$1.9M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	165.38	−0.172%	$568K	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.45	−0.127%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.13	−0.320%	—	$1.8M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.23	−0.260%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.12	−0.326%	$773K	$4.7M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	165.28	−0.229%	$1.4M	$8.5M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0091%	1h	165.35	−0.187%	$387K	$2.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.34	−0.190%	$102K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.53	−0.078%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.27	−0.235%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.36	−0.181%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.32	−0.204%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0123%	8h	165.26	−0.239%	$66	—	5x	as long as short
Lighter MSTR	+0.0144%	1h	165.66	0.000%	$3.5M	$1.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	165.21	−0.272%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0301%	1h	165.37	−0.175%	$55.7M	$36.0M	10x	as long as short
edgeX MSTRUSDC	+0.0336%	4h	165.53	−0.077%	$42K	$5.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.221%	$8K	$26K	30x	as long as short
Bybit MSTRUSDT	+0.0343%	8h	165.88	+0.133%	$17.3M	$41.0M	50x	as long as short
Nado MSTR-PERP	+0.0368%	1h	165.13	−0.321%	$134K	$129K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	165.41	−0.152%	$55K	$219K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1382%	1h	165.67	+0.006%	$282K	$438K	10x	as long as short