MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$1.08 per $10,000 · paid last 24h +0.007%

Price spread now: Variational Omni against Paradex+0.282%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Variational Omni is 0.282% dearer against Paradex than usual: you sell high and buy low (spread +0.282% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	166.90	0.0108	pay 0.0108% / 8h	7h 08m	$67	—	5x
Short	Variational Omni MSTR	167.37	0	get 0.0000% / 8h	7h 08m	$1.2M	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now +0.282%Rate

Funding earned: −$22.62
Price spread: +0.282% → 0.000%: $28.23
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.61
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.96 bp	doesn't fit	14.6 bp −$146	doesn't fit	doesn't fit

Paradex: 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
Gate MSTR_USDT	−0.0172%	8h	166.89	−0.004%	$4.7M	$19.1M	50x	as long as short
BloFin MSTR-USDT	−0.0021%	8h	167.25	+0.212%	$1.1M	$1.9M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	166.99	+0.057%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	166.90	+0.002%	$21.5M	$99.6M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	167.01	+0.068%	$27.8M	$113.7M	25x	as long as short
Variational Omni MSTRshort	0.0000%	8h	167.37	+0.282%	$1.2M	$2.0M	—
GRVT MSTR_USDT_Perp	0.0000%	8h	167.52	+0.374%	$84K	$812K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.48	+0.350%	$2.8M	$67K	10x	as long as short
Binance MSTRUSDT	+0.0005%	8h	166.91	+0.008%	$87.8M	$613.8M	50x	as long as short
Lighter MSTR	+0.0032%	1h	166.82	−0.046%	$3.5M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	166.69	−0.127%	$575K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	166.85	−0.028%	$1.4M	$8.6M	10x	as long as short
Nado MSTR-PERP	+0.0040%	1h	166.76	−0.080%	$135K	$128K	3x	as long as short
Arcus MSTR-USD	+0.0040%	1h	167.47	+0.344%	$27K	$115K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.87	−0.016%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.85	−0.028%	$391K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	167.22	+0.194%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.91	+0.008%	$763K	$4.8M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.06	+0.697%	$1.4M	$1.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.93	+0.022%	$103K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	167.03	+0.080%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	167.30	+0.242%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.23	+0.200%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	167.19	+0.178%	$139	—	10x	as long as short
Paradex MSTR-USD-PERPlong	+0.0108%	8h	166.90	long leg	$67	—	5x
edgeX MSTRUSDC	+0.0115%	4h	167.38	+0.288%	$44K	$5.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+1.464%	$8K	$26K	30x	as long as short
Bybit MSTRUSDT	+0.0236%	8h	166.96	+0.038%	$16.0M	$39.5M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0238%	1h	166.99	+0.056%	$56.5M	$35.8M	10x	as long as short
Phoenix MSTR	+0.0259%	1h	167.42	+0.314%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	166.88	−0.008%	$272K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0887%	1h	167.28	+0.230%	$284K	$438K	10x	as long as short