MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against Variational Omni+0.169%7-day average −0.016% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.145%−$15 · spread now +0.169%, 7d avg −0.016%

Together, before fees−0.144%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.184% dearer against Variational Omni than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of −0.016%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	165.48	0.0279	pay 0.0279% / 8h	7h 13m	$1.2M	$1.8M	—
Short	OKX MSTR-USDT-SWAP	165.76	0.0262	get 0.0262% / 8h	7h 13m	$21.2M	$92.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee Variational OmnibpFee OKXbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$3.58
Price spread: +0.169% → −0.016%: $18.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $4.86
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; OKX: live order book, 5 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	3.59 bp	doesn't fit	18.6 bp −$186	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.30 bp	8.7 bp −$9	14.1 bp −$141	83.5 bp −$8,351	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
Gate MSTR_USDT	0.0000%	8h	165.85	+0.223%	$4.9M	$19.1M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.87	+0.235%	$31.1M	$114.2M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.09	+0.368%	$2.8M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.71	+0.137%	$539K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	162.61	−1.735%	$7K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	166.07	+0.356%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.23	+0.453%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	165.78	+0.181%	$383K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.05	+0.344%	$917K	$3.6M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	165.97	+0.295%	$1.4M	$6.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.88	+0.244%	$101K	$88K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.84	+0.217%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.60	+0.072%	$6K	$178K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.79	+0.187%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.17	+0.416%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	166.12	+0.386%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0171%	8h	165.73	+0.149%	$1.8M	$8.6M	50x	as long as short
Lighter MSTR	+0.0176%	1h	165.97	+0.295%	$3.5M	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0177%	1h	165.75	+0.165%	$127K	$143K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0188%	8h	165.94	+0.279%	$66	—	5x	as long as short
OKX MSTR-USDT-SWAPshort	+0.0262%	8h	165.76	+0.169%	$21.2M	$92.9M	50x
Variational Omni MSTRlong	+0.0279%	8h	165.48	long leg	$1.2M	$1.8M	—
Binance MSTRUSDT	+0.0364%	8h	165.76	+0.168%	$86.5M	$595.6M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0380%	1h	165.75	+0.163%	$54.7M	$36.4M	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	166.03	+0.329%	$271K	$387K	10x	as long as short
Phoenix MSTR	+0.0460%	1h	164.61	−0.528%	$56K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0479%	8h	165.69	+0.126%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0589%	8h	165.75	+0.163%	$17.5M	$39.6M	50x	as long as short
edgeX MSTRUSDC	+0.0630%	4h	165.48	−0.002%	$47K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0653%	1h	166.31	+0.501%	$283K	$329K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0686%	8h	165.75	+0.161%	$82K	$848K	10x	as long as short
SoDEX MSTR-USD	+0.0985%	1h	165.96	+0.289%	$44K	$3K	10x	as long as short