MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.011%

Price spread now: Variational Omni against KuCoin+0.155%7-day average +0.055% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 7 days−0.117%−$12 · spread now +0.155%, 7d avg +0.055%

Together, before fees−0.069%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.100% dearer against KuCoin than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of +0.055%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	164.45	0.0100	pay 0.0100% / 8h	6h 20m	$2.4M	$2.7M	20x
Short	Variational Omni MSTR	164.70	0	get 0.0000% / 8h	6h 20m	$1.2M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.155%Rate

Funding earned: −$21
Price spread: +0.155% → +0.055%: $9.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; Variational Omni: RFQ quote, 3 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 KuCoin live order book, 1 min ago	2.43 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.00 bp	doesn't fit	7.4 bp −$74	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	−0.1046%	8h	164.70	+0.152%	$27.5M	$115.5M	25x	as long as short
Gate MSTR_USDT	−0.0155%	8h	164.53	+0.049%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.62	+0.104%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.56	+0.067%	$20.9M	$100.6M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.54	+0.053%	$269K	$447K	10x	as long as short
Variational Omni MSTRshort	0.0000%	8h	164.70	+0.155%	$1.2M	$2.1M	—
Phemex MSTRUSDT	0.0000%	4h	164.83	+0.231%	$2.8M	$68K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.36	−0.055%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.90	+0.274%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.79	+0.207%	—	$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
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.72	+0.164%	$910K	$4.6M	10x	as long as short
Binance MSTRUSDT	+0.0060%	8h	164.56	+0.067%	$87.7M	$624.5M	50x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.76	+0.189%	$1.4M	$8.3M	10x	as long as short
Lighter MSTR	+0.0080%	1h	164.47	+0.012%	$3.5M	$1.9M	10x	as long as short
SoDEX MSTR-USD	+0.0081%	1h	164.73	+0.170%	$43K	$3K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0093%	1h	164.68	+0.140%	$384K	$2.7M	10x	as long as short
edgeX MSTRUSDC	+0.0093%	4h	164.97	+0.313%	$48K	$5.4M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.54	+0.055%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	164.45	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.85	+0.243%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.71	+0.158%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.69	+0.148%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0148%	8h	165.00	+0.334%	$79K	$810K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.62	+0.103%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0173%	8h	164.49	+0.025%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0244%	1h	164.44	−0.006%	$55.2M	$36.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.974%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0371%	1h	164.64	+0.118%	$111K	$143K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.99	+0.330%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0385%	8h	164.60	+0.091%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0722%	1h	164.69	+0.146%	$280K	$438K	10x	as long as short