MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.74 per $10,000 · paid last 24h −0.010%

Price spread now: Variational Omni against OKX+0.028%7-day average +0.017% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.028%, 7d avg +0.017%

Together, before fees−0.050%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSTR-USDT-SWAP	164.61	0.0025	pay 0.0025% / 8h	3h 55m	$20.7M	$99.6M	50x
Short	Variational Omni MSTR	164.66	0.0099	get 0.0099% / 8h	3h 55m	$1.2M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.028%Rate

Funding earned: $15.53
Price spread: +0.028% → +0.017%: $1.06
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.59
Costs to cover: 0.100%
Break-even: 4.0 days

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	0.30 bp	6.6 bp −$7	11.0 bp −$110	69.8 bp −$6,982	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.97 bp	doesn't fit	8.7 bp −$87	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	−0.0898%	8h	164.70	+0.055%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.57	−0.024%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.67	+0.036%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.73	+0.073%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAPlong	+0.0025%	8h	164.61	long leg	$20.7M	$99.6M	50x
Lighter MSTR	+0.0032%	1h	164.53	−0.049%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.44	−0.106%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.873%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.72	+0.067%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.49	−0.073%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.51	−0.061%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.67	+0.036%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.40	−0.128%	$862K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.56	−0.030%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTRshort	+0.0099%	8h	164.66	+0.028%	$1.2M	$2.1M	—
Pacifica MSTR	+0.0100%	1h	164.57	−0.027%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.50	−0.067%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.61	0.000%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.61	0.000%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.63	+0.013%	$137	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0135%	1h	164.50	−0.067%	$54.8M	$37.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0137%	8h	164.51	−0.058%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0156%	8h	164.59	−0.012%	$86.9M	$615.7M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.298%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0175%	8h	164.73	+0.073%	$82K	$792K	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.76	+0.089%	$56K	$226K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.61	0.000%	$267K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0236%	1h	164.45	−0.100%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.69	+0.049%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0342%	8h	164.60	−0.006%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0723%	1h	164.66	+0.030%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0749%	4h	164.71	+0.063%	$49K	$5.3M	10x	as long as short