Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.63 per $10,000 · paid last 24h +0.020%
Price spread now: Binance against Variational Omni+0.075%7-day average +0.004% · 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)+0.025%+$2 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now +0.075%, 7d avg +0.004%
=Together, before fees−0.038%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.071% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 164.36 | 0.0089 | pay 0.0089% / 8h | 4h 02m | $1.2M | $2.1M | — |
| Short | Binance MSTRUSDT | 164.48 | 0.0152 | get 0.0152% / 8h | 4h 02m | $86.9M | $615.6M | 50x |
Variational Omni MSTR
Binance MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $13.31
- Price spread: +0.075% → +0.004%
- $7.1
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $10.4
- Costs to cover
- 0.100%
- Break-even
- 1.5 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Binance: live order book, 11 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 Variational Omni RFQ quote, 2 min ago | 2.98 bp | doesn't fit | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.30 bp | 6.0 bp −$6 | 9.2 bp −$92 | 29.7 bp −$2,973 | 75.5 bp −$37.7K |
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 | −0.0933% | 8h | 164.63 | +0.167% | $27.9M | $115.1M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.52 | +0.102% | $1.8M | $8.5M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.53 | +0.106% | $4.6M | $18.9M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.52 | +0.100% | $2.8M | $75K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0019% | 8h | 164.49 | +0.081% | $20.6M | $99.4M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.45 | +0.057% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.34 | −0.007% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.032% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.49 | +0.081% | $267K | $445K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.52 | +0.100% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.36 | +0.002% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.44 | +0.051% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.48 | +0.075% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.33 | −0.016% | $851K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.48 | +0.075% | $1.4M | $7.4M | 10x | as long as short |
| Variational Omni MSTRlong | +0.0089% | 8h | 164.36 | long leg | $1.2M | $2.1M | — | |
| Pacifica MSTR | +0.0100% | 1h | 164.46 | +0.063% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.41 | +0.033% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.24 | −0.071% | $6K | $186K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.53 | +0.106% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.52 | +0.100% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0139% | 8h | 164.47 | +0.068% | $66 | — | 5x | as long as short |
| Binance MSTRUSDTshort | +0.0152% | 8h | 164.48 | +0.075% | $86.9M | $615.6M | 50x | |
| GRVT MSTR_USDT_Perp | +0.0162% | 8h | 164.48 | +0.076% | $82K | $792K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | −0.144% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.33 | −0.014% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0234% | 1h | 164.46 | +0.063% | $54.8M | $37.0M | 10x | as long as short |
| Nado MSTR-PERP | +0.0243% | 1h | 164.42 | +0.036% | $121K | $148K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0271% | 8h | 164.55 | +0.118% | $1.0M | $2.0M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0348% | 8h | 164.55 | +0.118% | $16.9M | $40.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0855% | 4h | 164.38 | +0.013% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0967% | 1h | 164.57 | +0.130% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
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
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
tradeXYZ xyz:MSTR
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL