Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.010%

Price spread now: Aevo against Variational Omni+0.074%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

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. Aevo is 0.074% dearer against Variational Omni than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	161.70	0.0121	pay 0.0121% / 8h	2h 23m	$1.2M	$2.1M	—
Short	Aevo MSTR-PERP	161.82	0.0104	get 0.0013% / 1h	23m 16s	$134	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.074%Rate

Funding earned: −$3.65
Price spread: +0.074% → 0.000%: $7.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aevo: no order-book sample. 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 Variational Omni RFQ quote, 1 min ago	2.99 bp	doesn't fit	11.1 bp −$111	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.1281%	8h	162.09	+0.239%	$26.8M	$117.9M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	161.80	+0.059%	$1.7M	$8.7M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	161.87	+0.103%	$4.6M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.03	+0.202%	$2.7M	$77K	10x	as long as short
Vest MSTR-USD-PERP	+0.0026%	1h	161.38	−0.200%	—	$1.8M	25x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	161.66	−0.027%	$500K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.723%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.03	+0.202%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	161.72	+0.010%	$373K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	161.82	+0.072%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	161.69	−0.008%	$863K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	161.80	+0.060%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	161.76	+0.035%	$262K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0096%	8h	161.85	+0.091%	$20.4M	$99.6M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	161.90	+0.120%	$99K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	161.72	+0.010%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	161.54	−0.101%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	161.82	+0.072%	$3K	$8K	10x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	161.82	+0.074%	$134	—	10x
Variational Omni MSTRlong	+0.0121%	8h	161.70	long leg	$1.2M	$2.1M	—
Lighter MSTR	+0.0144%	1h	161.82	+0.072%	$3.4M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0147%	8h	161.89	+0.116%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−0.113%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0200%	8h	161.85	+0.091%	$82.9M	$627.7M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0208%	8h	161.95	+0.153%	$78K	$850K	10x	as long as short
BloFin MSTR-USDT	+0.0320%	8h	161.95	+0.153%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0329%	1h	161.72	+0.010%	$53.7M	$37.1M	10x	as long as short
Nado MSTR-PERP	+0.0361%	1h	161.72	+0.012%	$129K	$157K	3x	as long as short
Phoenix MSTR	+0.0362%	1h	161.97	+0.164%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0375%	8h	161.91	+0.128%	$16.7M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0394%	4h	161.77	+0.041%	$44K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0616%	1h	161.82	+0.072%	$275K	$438K	10x	as long as short