Funding you earn now, next payment 02:00 UTC−0.0117%/8h= −12.9% APRpaid last 24h +0.026%
Price spread now: Variational Omni against Polymarket Perps−0.043%7-day average +0.098% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.132%−$13 on $10k
+Price spread, last 7 days+0.055%+$6 · spread now −0.043%, 7d avg +0.098%
=Together, before fees−0.077%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.141% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.098%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 165.43 | 0.0117 | pay 0.0015% / 1h | 49m 57s | $384K | $2.7M | 10x |
| Short | Variational Omni MSTR | 165.36 | 0 | get 0.0000% / 8h | 6h 49m | $1.2M | $2.0M | — |
Polymarket Perps MSTR-USD
Variational Omni MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Polymarket 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
- −$24.66
- Price spread: −0.043% → +0.098%
- −$14.08
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$46.74
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 4 min ago; 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 Polymarket Perps live order book, 4 min ago | 3.33 bp | 8.3 bp −$8 | 9.7 bp −$97 | 12.0 bp −$1,198 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 3.00 bp | doesn't fit | 5.3 bp −$53 | 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 | −0.0314% | 8h | 165.66 | +0.139% | $26.9M | $115.2M | 25x | as long as short |
| Gate MSTR_USDT | −0.0310% | 8h | 165.55 | +0.073% | $4.6M | $18.7M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 165.42 | −0.005% | $1.2M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 165.54 | +0.066% | $87.4M | $624.0M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 165.53 | +0.060% | $21.2M | $100.7M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 165.54 | +0.066% | $271K | $436K | 10x | as long as short |
| Variational Omni MSTRshort | 0.0000% | 8h | 165.36 | −0.043% | $1.2M | $2.0M | — | |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 165.86 | +0.257% | $84K | $802K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 166.06 | +0.381% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0016% | 8h | 165.39 | −0.024% | $1.1M | $1.9M | 20x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDTShow 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 | 165.29 | −0.082% | $569K | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 165.50 | +0.042% | $27K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 165.21 | −0.133% | — | $1.8M | 25x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 165.28 | −0.091% | $781K | $4.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 165.52 | +0.054% | $1.4M | $8.5M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0065% | 1h | 165.46 | +0.018% | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 165.53 | +0.060% | $103K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 165.42 | −0.006% | $2.5M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 165.45 | +0.012% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 165.32 | −0.066% | $3K | $7K | 10x | as long as short |
| Lighter MSTR | +0.0104% | 1h | 165.47 | +0.024% | $3.5M | $1.9M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 165.36 | −0.042% | $137 | — | 10x | as long as short |
| Polymarket Perps MSTR-USDlong | +0.0117% | 1h | 165.43 | long leg | $384K | $2.7M | 10x | |
| Paradex MSTR-USD-PERP | +0.0135% | 8h | 165.53 | +0.057% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 165.21 | −0.133% | $1.4M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0324% | 1h | 165.49 | +0.036% | $55.9M | $36.4M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +2.364% | $8K | $26K | 30x | as long as short |
| Nado MSTR-PERP | +0.0370% | 1h | 165.31 | −0.075% | $134K | $129K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0378% | 8h | 165.60 | +0.103% | $17.3M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 165.41 | −0.011% | $55K | $219K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0963% | 4h | 165.32 | −0.064% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1202% | 1h | 165.48 | +0.030% | $281K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
SoDEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Lighter MSTR
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Injective MSTR/USDC PERP
Nado MSTR-PERP
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL