MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.010%

Price spread now: Variational Omni against Orderly+0.058%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.058% dearer against Orderly than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSTR_USDC_mythos	163.60	0.0100	pay 0.0100% / 8h	3h 10m	$4K	$8K	10x
Short	Variational Omni MSTR	163.69	0.0091	get 0.0091% / 8h	3h 10m	$1.2M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. 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 OrderlybpFee Variational OmnibpOrdersPrice spread, now +0.058%Rate

Funding earned: −$1.96
Price spread: +0.058% → 0.000%: $5.79
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.17
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	2.99 bp	doesn't fit	9.0 bp −$90	doesn't fit	doesn't fit

Orderly: 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	−0.0961%	8h	163.83	+0.141%	$27.1M	$116.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.64	+0.023%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.72	+0.073%	$4.6M	$19.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.81	+0.128%	$2.8M	$77K	10x	as long as short
Lighter MSTR	+0.0032%	1h	163.65	+0.031%	$3.5M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.54	−0.034%	$588K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.509%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.89	+0.177%	$26K	$110K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0042%	8h	163.67	+0.043%	$20.7M	$98.9M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.46	−0.086%	—	$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	163.64	+0.024%	$379K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	163.66	+0.037%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.51	−0.055%	$817K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	163.66	+0.037%	$1.4M	$7.3M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0068%	8h	163.70	+0.058%	$65	—	5x	as long as short
Variational Omni MSTRshort	+0.0091%	8h	163.69	+0.058%	$1.2M	$2.1M	—
Pacifica MSTR	+0.0100%	1h	163.66	+0.034%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.61	+0.006%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.77	+0.104%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	163.60	long leg	$4K	$8K	10x
Aevo MSTR-PERP	+0.0104%	1h	163.62	+0.012%	$136	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0151%	8h	163.84	+0.148%	$83K	$837K	10x	as long as short
Binance MSTRUSDT	+0.0155%	8h	163.71	+0.067%	$85.9M	$619.0M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.84	+0.147%	$1.4M	$1.1M	10x	as long as short
edgeX MSTRUSDC	+0.0190%	4h	163.81	+0.125%	$48K	$5.3M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	163.69	+0.057%	$265K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0241%	1h	163.63	+0.016%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0252%	1h	163.66	+0.037%	$54.5M	$37.1M	10x	as long as short
BloFin MSTR-USDT	+0.0275%	8h	163.78	+0.110%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0312%	8h	163.73	+0.079%	$16.6M	$41.2M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	163.98	+0.233%	$56K	$226K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0545%	1h	163.69	+0.055%	$278K	$438K	10x	as long as short