MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0178%/8h= −19.5% APRnext payment −$1.78 per $10,000 · paid last 24h −0.042%

Price spread now: Variational Omni against BloFin−0.015%7-day average −0.005% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.015%, 7d avg −0.005%

Together, before fees+0.027%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	164.57	0.0252	pay 0.0252% / 8h	4h 24m	$1.0M	$2.0M	20x
Short	Variational Omni MSTR	164.54	0.0074	get 0.0074% / 8h	4h 24m	$1.2M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: −$37.4
Price spread: −0.015% → −0.005%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$50.49
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 8 min ago; Variational Omni: RFQ quote, 4 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 BloFin live order book, 8 min ago	0.30 bp	6.9 bp −$7	9.0 bp −$90	16.2 bp −$1,616	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.97 bp	doesn't fit	9.7 bp −$97	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	−0.0931%	8h	164.67	+0.061%	$27.8M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0005%	8h	164.54	−0.018%	$4.6M	$18.6M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.47	−0.062%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.58	+0.006%	$2.8M	$73K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0003%	8h	164.56	−0.006%	$20.6M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.50	−0.043%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.38	−0.112%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.898%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.52	−0.028%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.63	+0.036%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.48	−0.055%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.49	−0.049%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.55	−0.012%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.33	−0.146%	$858K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.52	−0.030%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTRshort	+0.0074%	8h	164.54	−0.015%	$1.2M	$2.1M	—
Pacifica MSTR	+0.0100%	1h	164.53	−0.025%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.42	−0.091%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.41	−0.097%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.53	−0.024%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.52	−0.028%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0133%	8h	164.56	−0.006%	$88.0M	$617.3M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	164.48	−0.054%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.72	+0.093%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.273%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.50	−0.046%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0237%	1h	164.50	−0.043%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0244%	1h	164.41	−0.095%	$121K	$148K	3x	as long as short
BloFin MSTR-USDTlong	+0.0252%	8h	164.57	long leg	$1.0M	$2.0M	20x
Bybit MSTRUSDT	+0.0364%	8h	164.57	0.000%	$17.0M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0795%	4h	164.42	−0.090%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0845%	1h	164.58	+0.006%	$280K	$438K	10x	as long as short