Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.06 per $10,000 · paid last 24h +0.051%
Price spread now: BloFin against Variational Omni−0.004%101s7-day average +0.005% · 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)+0.117%+$12 on $10k
+Price spread, last 3 days (all we have)−0.127%−$13 · spread now −0.004%, 7d avg +0.005%
=Together, before fees−0.009%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 169.30 | 0 | get 0.0000% / 8h | 2h 29m | $1.2M | $2.4M | — |
| Short | BloFin MSTR-USDT | 169.29 | −0.0006 | pay 0.0006% / 8h | 2h 29m | $1.1M | $1.8M | 20x |
Variational Omni MSTR
BloFin MSTR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$1.31
- Price spread: −0.004% → +0.005%
- −$0.97
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$14.28
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; BloFin: live order book, 3 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, 5 min ago | 2.98 bp | doesn't fit | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.48 bp | 8.0 bp −$8 | 10.5 bp −$105 | 21.8 bp −$2,181 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0108% | 1h | 169.12 | −0.103% | $139K | $98K | 3x | as long as short |
| BloFin MSTR-USDTshort | −0.0006% | 8h | 169.29 | −0.004% | $1.1M | $1.8M | 20x | |
| Aster MSTRUSDT | 0.0000% | 8h | 169.26 | −0.024% | $1.3M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.27 | −0.016% | $88.7M | $629.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.26 | −0.022% | $22.0M | $107.3M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.26 | −0.022% | $296K | $436K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.24 | −0.034% | $4.8M | $19.6M | 50x | as long as short |
| Variational Omni MSTRlong | 0.0000% | 8h | 169.30 | long leg | $1.2M | $2.4M | — | |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.28 | −0.013% | $83K | $948K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.29 | −0.004% | $2.9M | $57K | 10x | as long as short |
Nado MSTR-PERP
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.21 | −0.052% | $3.6M | $2.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.15 | −0.088% | $588K | $1.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0039% | 1h | 169.27 | −0.016% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.36 | +0.037% | — | $2.1M | 25x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0048% | 1h | 169.11 | −0.111% | $1.5M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0050% | 1h | 169.21 | −0.052% | $56.6M | $38.2M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 169.22 | −0.046% | $410K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.21 | −0.052% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.11 | −0.111% | $737K | $5.0M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0069% | 8h | 169.27 | −0.016% | $28.8M | $119.7M | 25x | as long as short |
| Paradex MSTR-USD-PERP | +0.0071% | 8h | 169.20 | −0.059% | $68 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.0089% | 8h | 169.29 | −0.004% | $15.2M | $41.1M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.23 | −0.039% | $103K | $137K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.20 | −0.058% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.27 | −0.016% | $4K | $979K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.33 | +0.019% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.33 | +0.022% | $141 | — | 10x | as long as short |
| Phoenix MSTR | +0.0184% | 1h | 169.29 | −0.003% | $57K | $396K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0358% | 4h | 169.27 | −0.016% | $49K | $5.4M | 10x | as long as short |
| Arcus MSTR-USD | +0.0432% | 1h | 169.32 | +0.013% | $27K | $134K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0440% | 1h | 169.10 | −0.117% | $13K | $22K | 30x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0459% | 1h | 169.37 | +0.043% | $288K | $438K | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
QFEX MSTR-USD
Vest MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Bitget MSTRUSDT
Paradex MSTR-USD-PERP
Bybit MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
edgeX MSTRUSDC
Arcus MSTR-USD
Injective MSTR/USDC PERP
Deribit MSTR_USDC-PERPETUAL