MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h +0.019%

Price spread now: Variational Omni against Coinbase International+0.018%7-day average +0.083% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.101%−$10 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.018%, 7d avg +0.083%

Together, before fees−0.165%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.065% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	164.37	0.0168	pay 0.0021% / 1h	26m 53s	$1.4M	$1.1M	10x
Short	Variational Omni MSTR	164.40	0	get 0.0000% / 8h	6h 26m	$1.2M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. 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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now +0.018%Rate

Funding earned: −$35.28
Price spread: +0.018% → +0.083%: −$6.5
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$51.78
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	3.33 bp	9.1 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.97 bp	doesn't fit	8.6 bp −$86	doesn't fit	doesn't fit

MSTR on 31 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	−0.1017%	8h	165.11	+0.450%	$27.5M	$115.7M	25x	as long as short
Gate MSTR_USDT	−0.0137%	8h	164.95	+0.353%	$4.6M	$19.0M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.97	+0.367%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.97	+0.365%	$20.9M	$100.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	165.09	+0.438%	$270K	$447K	10x	as long as short
Variational Omni MSTRshort	0.0000%	8h	164.40	+0.018%	$1.2M	$2.1M	—
Phemex MSTRUSDT	0.0000%	4h	165.12	+0.456%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.72	+0.210%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.76	+0.237%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.02	+0.395%	—	$1.8M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MSTRUSDT	+0.0049%	8h	164.95	+0.353%	$87.9M	$625.2M	50x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.71	+0.207%	$918K	$4.8M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	165.03	+0.402%	$1.4M	$8.4M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0100%	1h	165.03	+0.402%	$384K	$2.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	165.08	+0.433%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.79	+0.256%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	+0.152%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.98	+0.371%	$3K	$8K	10x	as long as short
SoDEX MSTR-USD	+0.0101%	1h	164.95	+0.353%	$43K	$3K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.97	+0.363%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0105%	8h	164.68	+0.189%	$79K	$810K	10x	as long as short
Lighter MSTR	+0.0120%	1h	164.92	+0.335%	$3.5M	$1.9M	10x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0168%	1h	164.37	long leg	$1.4M	$1.1M	10x
Paradex MSTR-USD-PERP	+0.0174%	8h	165.02	+0.396%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0273%	1h	164.79	+0.256%	$55.4M	$36.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+3.024%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0377%	1h	164.94	+0.349%	$112K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.86	+0.297%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0405%	8h	164.94	+0.347%	$17.2M	$41.2M	50x	as long as short
edgeX MSTRUSDC	+0.0591%	4h	164.76	+0.237%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0781%	1h	165.04	+0.408%	$281K	$438K	10x	as long as short