MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h −0.015%

Price spread now: Coinbase International against Variational Omni−0.165%7-day average −0.084% · you buy dearer than you sell

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

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.099%+$10 on $10k

Price spread, last 3 days (all we have)+0.219%+$22 · spread now −0.165%, 7d avg −0.084%

Together, before fees+0.318%+ Points / potential airdropVariational Omni: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.082% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.084%). If the spread goes back, that is −$8 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	168.74	0	get 0.0000% / 8h	7h 40m	$1.2M	$2.1M	—
Short	Coinbase International MSTR-PERP-INTX	168.46	0.0088	get 0.0011% / 1h	40m 06s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpOrdersPrice spread, now −0.165%Rate

Funding earned: $18.48
Price spread: −0.165% → −0.084%: −$8.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $0.31
Costs to cover: 0.100%
Break-even: 6.9 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Coinbase International: 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, 4 min ago	2.95 bp	doesn't fit	16.4 bp −$164	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.85 bp	8.8 bp −$9	16.0 bp −$160	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
Nado MSTR-PERP	−0.0084%	1h	168.54	−0.121%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.77	+0.016%	$1.2M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	168.85	+0.066%	$15.2M	$39.4M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.86	+0.072%	$21.7M	$102.3M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.92	+0.107%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.94	+0.119%	$28.5M	$114.2M	25x	as long as short
Variational Omni MSTRlong	0.0000%	8h	168.74	long leg	$1.2M	$2.1M	—
GRVT MSTR_USDT_Perp	0.0000%	8h	168.93	+0.116%	$85K	$860K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.86	+0.072%	$2.9M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.86	+0.072%	$3.6M	$2.0M	10x	as long as short

Show 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	168.69	−0.026%	$579K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.65	−0.053%	$1.4M	$9.6M	10x	as long as short
BloFin MSTR-USDT	+0.0036%	8h	168.71	−0.017%	$1.1M	$1.9M	20x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.95	+0.125%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.71	−0.017%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.65	−0.053%	$396K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.67	−0.041%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.93	+0.113%	$743K	$5.0M	10x	as long as short
Binance MSTRUSDT	+0.0062%	8h	168.86	+0.074%	$89.1M	$617.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0088%	8h	168.60	−0.084%	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0088%	1h	168.46	−0.165%	$1.4M	$1.1M	10x
Pacifica MSTR	+0.0100%	1h	168.62	−0.069%	$104K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.85	+0.066%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.08	+0.202%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.80	+0.036%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.77	+0.021%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0190%	1h	168.85	+0.066%	$57.0M	$35.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.356%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	169.03	+0.171%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.77	+0.016%	$275K	$434K	10x	as long as short
edgeX MSTRUSDC	+0.0574%	4h	169.07	+0.197%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0699%	1h	168.80	+0.036%	$287K	$438K	10x	as long as short