Funding you earn now, next payment 00:00 UTC+0.0995%/8h= +109.0% APRpaid last 24h +0.006%
Price spread now: edgeX against Variational Omni+0.101%7-day average −0.037% · 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)−0.058%−$6 on $10k
+Price spread, last 7 days−0.095%−$9 · spread now +0.101%, 7d avg −0.037%
=Together, before fees−0.153%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and edgeX is 0.138% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 3 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.058% in total (about -6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 169.07 | 0 | get 0.0000% / 8h | 1h 35m | $1.2M | $2.4M | — |
| Short | edgeX MSTRUSDC | 169.24 | 0.0995 | get 0.0498% / 4h | 1h 35m | $48K | $5.4M | 10x |
Variational Omni MSTR
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $209.03
- Price spread: +0.101% → −0.037%
- $13.78
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $213.81
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; edgeX: live order book, 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 Variational Omni RFQ quote, 4 min ago | 3.57 bp | doesn't fit | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 5.61 bp | 10.6 bp −$11 | 17.5 bp −$175 | 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 | −0.0104% | 1h | 169.07 | +0.001% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0028% | 8h | 169.08 | +0.009% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.18 | +0.066% | $1.2M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.10 | +0.021% | $88.3M | $628.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.09 | +0.014% | $22.0M | $106.7M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.10 | +0.020% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.07 | +0.003% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTRlong | 0.0000% | 8h | 169.07 | long leg | $1.2M | $2.4M | — | |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.23 | +0.098% | $74K | $925K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.17 | +0.062% | $2.9M | $61K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
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 | 169.05 | −0.009% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.09 | +0.012% | $585K | $1.8M | 10x | as long as short |
| Bitget MSTRUSDT | +0.0035% | 8h | 169.11 | +0.026% | $28.9M | $119.6M | 25x | as long as short |
| QFEX MSTR-USD | +0.0042% | 1h | 169.05 | −0.009% | $1.5M | $10.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.18 | +0.068% | — | $2.1M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 168.99 | −0.045% | $403K | $2.6M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.05 | −0.009% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.02 | −0.027% | $740K | $5.2M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | −0.080% | $1.5M | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0059% | 1h | 169.06 | −0.003% | $56.9M | $37.9M | 10x | as long as short |
| Bybit MSTRUSDT | +0.0062% | 8h | 169.13 | +0.038% | $15.1M | $40.8M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0072% | 8h | 169.01 | −0.033% | $68 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.02 | −0.029% | $103K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.08 | +0.009% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.32 | +0.150% | $4K | $552K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.12 | +0.032% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.12 | +0.033% | $140 | — | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0105% | 1h | 169.14 | +0.044% | $287K | $439K | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.22 | +0.091% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.29 | +0.133% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.17 | +0.062% | $27K | $129K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0995% | 4h | 169.24 | +0.101% | $48K | $5.4M | 10x |
Lighter MSTR
Extended MSTR_24_5-USD
Bitget MSTRUSDT
QFEX MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Bybit MSTRUSDT
Paradex MSTR-USD-PERP
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD