Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.32 per $10,000 · paid last 24h −0.011%
Price spread now: KuCoin against Variational Omni+0.222%7-day average −0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.049%−$5 on $10k
+Price spread, last 7 days−0.273%−$27 · spread now +0.222%, 7d avg −0.055%
=Together, before fees−0.322%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.278% dearer against Variational Omni than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of −0.055%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 29 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 162.96 | 0.0132 | pay 0.0132% / 8h | 2h 12m | $1.2M | $2.1M | — |
| Short | KuCoin MSTRUSDTM | 163.32 | 0.0100 | get 0.0100% / 8h | 2h 12m | $2.4M | $2.7M | 20x |
Variational Omni MSTR
KuCoin MSTRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$6.63
- Price spread: +0.222% → −0.055%
- $27.76
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $9.13
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; KuCoin: 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, 1 min ago | 2.97 bp | doesn't fit | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.23 bp | 14.5 bp −$15 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.1256% | 8h | 163.75 | +0.486% | $27.9M | $118.8M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.58 | +0.382% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.47 | +0.314% | $2.8M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0006% | 8h | 163.26 | +0.188% | $1.8M | $8.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0020% | 1h | 163.09 | +0.081% | — | $1.8M | 25x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.32 | +0.222% | $500K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.916% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.05 | +0.056% | $26K | $109K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.32 | +0.222% | $377K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.93 | −0.017% | $870K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Vest MSTR-USD-PERP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 163.34 | +0.234% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.36 | +0.247% | $263K | $444K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.54 | +0.355% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTMshort | +0.0100% | 8h | 163.32 | +0.222% | $2.4M | $2.7M | 20x | |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 162.99 | +0.020% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.33 | +0.228% | $4K | $9K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.32 | +0.220% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0110% | 8h | 163.65 | +0.425% | $20.7M | $100.8M | 50x | as long as short |
| Variational Omni MSTRlong | +0.0132% | 8h | 162.96 | long leg | $1.2M | $2.1M | — | |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 163.52 | +0.342% | $65 | — | 5x | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.51 | +0.339% | $3.5M | $2.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −0.883% | $1.4M | $1.1M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0174% | 1h | 163.35 | +0.240% | $43K | $3K | 10x | as long as short |
| Binance MSTRUSDT | +0.0214% | 8h | 163.60 | +0.392% | $84.0M | $628.5M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0220% | 8h | 163.14 | +0.112% | $79K | $857K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0282% | 1h | 163.45 | +0.302% | $54.3M | $37.3M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0329% | 8h | 163.38 | +0.259% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0339% | 1h | 163.25 | +0.180% | $130K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.21 | +0.155% | $55K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0380% | 8h | 163.63 | +0.412% | $16.8M | $41.9M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0460% | 4h | 163.05 | +0.057% | $45K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0914% | 1h | 163.45 | +0.302% | $278K | $438K | 10x | as long as short |
QFEX MSTR-USD
RISEx MSTR/USDC
Pacifica MSTR
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Paradex MSTR-USD-PERP
Lighter MSTR
Coinbase International MSTR-PERP-INTX
SoDEX MSTR-USD
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL