Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.026%
Price spread now: Variational Omni against Ondo Perps+0.235%7-day average +0.109% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.135%−$14 on $10k
+Price spread, last 7 days−0.139%−$14 · spread now +0.235%, 7d avg +0.109%
=Together, before fees−0.274%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.126% dearer against Ondo Perps than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.109%. Mind the row above: over the last 3 days funding on this pair cost −0.135%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 164.34 | 0.0050 | pay 0.0006% / 1h | 26m 10s | $858K | $4.0M | 10x |
| Short | Variational Omni MSTR | 164.73 | 0.0072 | get 0.0072% / 8h | 4h 26m | $1.2M | $2.1M | — |
Ondo Perps MSTR-USD.P
Variational Omni MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.52
- Price spread: +0.235% → +0.109%
- $12.64
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $12.15
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 3 min ago | 2.97 bp | doesn't fit | 9.7 bp −$97 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0929% | 8h | 164.71 | +0.225% | $27.9M | $115.1M | 25x | as long as short |
| Gate MSTR_USDT | −0.0011% | 8h | 164.52 | +0.110% | $4.6M | $18.6M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.53 | +0.118% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.58 | +0.146% | $2.8M | $73K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0001% | 8h | 164.59 | +0.152% | $20.6M | $99.7M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.48 | +0.085% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.41 | +0.046% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.042% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.54 | +0.122% | $267K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.63 | +0.176% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.50 | +0.097% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.46 | +0.073% | $381K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.54 | +0.122% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.Plong | +0.0050% | 1h | 164.34 | long leg | $858K | $4.0M | 10x | |
| QFEX MSTR-USD | +0.0054% | 1h | 164.47 | +0.079% | $1.4M | $7.5M | 10x | as long as short |
| Variational Omni MSTRshort | +0.0072% | 8h | 164.73 | +0.235% | $1.2M | $2.1M | — | |
| Pacifica MSTR | +0.0100% | 1h | 164.50 | +0.096% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.42 | +0.049% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.66 | +0.195% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.49 | +0.091% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.51 | +0.101% | $137 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0132% | 8h | 164.59 | +0.154% | $88.0M | $617.4M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0136% | 8h | 164.53 | +0.115% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0158% | 8h | 164.83 | +0.298% | $78K | $771K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | −0.134% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.98 | +0.392% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0233% | 4h | 164.72 | +0.231% | $49K | $5.4M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0236% | 1h | 164.47 | +0.079% | $54.8M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0245% | 1h | 164.44 | +0.063% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0251% | 8h | 164.59 | +0.152% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0360% | 8h | 164.58 | +0.146% | $17.0M | $40.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0602% | 1h | 164.53 | +0.116% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
edgeX MSTRUSDC
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL