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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +10.0% APRnext payment +$0.91 per $10,000 · paid last 24h −0.014%
Price spread now: GRVT against Variational Omni+0.101%7-day average +0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.101%, 7d avg +0.014%
Together, before fees−0.047%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.087% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MSTR163.460.0177pay 0.0177% / 8h1h 07m$1.2M$2.1M—
ShortGRVT MSTR_USDT_Perp163.630.0268get 0.0268% / 8h1h 07m$76K$865K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$19.2
Price spread: +0.101% → +0.014%
$8.66
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$18.87
Costs to cover
0.090%
Break-even
0.1 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; GRVT: live order book, 36 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 2 min ago3.00 bpdoesn't fit14.1 bp −$141doesn't fitdoesn't fit
Sell GRVT live order book, 36 min ago1.54 bp10.0 bp −$1015.4 bp −$154doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0657%8h163.74+0.168%$29.2M$118.6M25xas long as short
Gate MSTR_USDT0.0000%8h163.76+0.181%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.56+0.058%$2.8M$80K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.38−0.049%$508K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.594%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.63+0.101%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.55+0.052%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.54+0.046%$378K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.56+0.058%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.34−0.076%$846K$3.9M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.59+0.077%$1.3M$7.2M10xas long as short
Aster MSTRUSDT+0.0057%8h163.55+0.052%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.59+0.074%$100K$88K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.55+0.052%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.44−0.015%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.71+0.150%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.60+0.083%$136—10xas long as short
Lighter MSTR+0.0112%1h163.53+0.040%$3.5M$2.0M10xas long as short
edgeX MSTRUSDC+0.0141%4h163.56+0.061%$46K$5.4M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.190%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0164%8h163.54+0.047%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0170%8h163.78+0.193%$20.9M$100.3M50xas long as short
Variational Omni MSTRlong+0.0177%8h163.46long leg$1.2M$2.1M—
tradeXYZ xyz:MSTR+0.0242%1h163.64+0.107%$54.2M$37.1M10xas long as short
Binance MSTRUSDT+0.0253%8h163.70+0.141%$84.1M$625.5M50xas long as short
GRVT MSTR_USDT_Perpshort+0.0268%8h163.63+0.101%$76K$865K10x
Phoenix MSTR+0.0328%1h163.52+0.033%$56K$223K10xas long as short
Nado MSTR-PERP+0.0357%1h163.44−0.012%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0373%8h163.63+0.101%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.63+0.103%$266K$426K10xas long as short
Bybit MSTRUSDT+0.0393%8h163.75+0.174%$17.1M$41.8M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0973%1h163.69+0.138%$278K$437K10xas long as short