Funding you earn now, next payment 05:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.004%
Price spread now: Variational Omni against SoDEX+0.059%7-day average — · 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)—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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.059% dearer against SoDEX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSTR-USD | 164.23 | 0.0050 | pay 0.0006% / 1h | 30m 08s | $43K | $3K | 10x |
| Short | Variational Omni MSTR | 164.33 | 0.0108 | get 0.0108% / 8h | 3h 30m | $1.2M | $2.1M | — |
SoDEX MSTR-USD
Variational Omni MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against SoDEX. 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
- $12.16
- Price spread: +0.059% → 0.000%
- $5.86
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $10.02
- Costs to cover
- 0.080%
- Break-even
- 1.2 days
Slippage unknown: SoDEX: 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 2.98 bp | doesn't fit | 8.2 bp −$82 | doesn't fit | doesn't fit |
SoDEX: 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 | −0.0915% | 8h | 164.37 | +0.085% | $27.9M | $115.4M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.19 | −0.022% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.27 | +0.024% | $4.6M | $19.0M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.27 | +0.024% | $2.8M | $77K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.10 | −0.076% | $589K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.111% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.27 | +0.024% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.07 | −0.097% | — | $1.7M | 25x | as long as short |
| Lighter MSTR | +0.0048% | 1h | 164.20 | −0.018% | $3.5M | $1.9M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.23 | 0.000% | $380K | $2.7M | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Lighter MSTR
Polymarket Perps MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MSTR-USDlong | +0.0050% | 1h | 164.23 | long leg | $43K | $3K | 10x | |
| OKX MSTR-USDT-SWAP | +0.0050% | 8h | 164.17 | −0.037% | $20.8M | $99.1M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.12 | −0.067% | $868K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.23 | 0.000% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.23 | −0.002% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.18 | −0.030% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.14 | −0.055% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.27 | +0.024% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.28 | +0.031% | $136 | — | 10x | as long as short |
| Variational Omni MSTRshort | +0.0108% | 8h | 164.33 | +0.059% | $1.2M | $2.1M | — | |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 164.07 | −0.097% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.11 | −0.073% | $1.4M | $1.1M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0171% | 8h | 164.30 | +0.042% | $82K | $814K | 10x | as long as short |
| Binance MSTRUSDT | +0.0171% | 8h | 164.19 | −0.021% | $86.6M | $616.4M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.25 | +0.015% | $266K | $445K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0259% | 1h | 164.19 | −0.024% | $54.7M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0264% | 1h | 164.19 | −0.027% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0289% | 8h | 164.32 | +0.055% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0339% | 8h | 164.25 | +0.012% | $16.7M | $41.0M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.14 | −0.057% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0603% | 1h | 164.30 | +0.043% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0660% | 4h | 164.11 | −0.074% | $49K | $5.3M | 10x | as long as short |
OKX MSTR-USDT-SWAP
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC