MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.011%

Price spread now: Orderly against Variational Omni+0.030%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.030% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

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 38m	$1.2M	$2.1M	—
Short	Orderly PERP_MSTR_USDC_mythos	168.79	0.0100	get 0.0100% / 8h	7h 38m	$3K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.030%Rate

Funding earned: $21
Price spread: +0.030% → 0.000%: $3.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $18.03
Costs to cover: 0.060%
Break-even: 1.0 days

Slippage unknown: Variational Omni: RFQ quote, just now; Orderly: no order-book sample. 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, just now	2.96 bp	doesn't fit	11.4 bp −$114	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0077%	1h	168.68	−0.032%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.68	−0.034%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.59	−0.088%	$21.7M	$102.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.67	−0.041%	$4.7M	$18.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	168.72	−0.011%	$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	168.78	+0.024%	$2.8M	$66K	10x	as long as short
Bybit MSTRUSDT	+0.0004%	8h	168.64	−0.059%	$15.1M	$39.4M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.64	−0.059%	$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	168.43	−0.183%	$583K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	168.80	+0.036%	$1.4M	$9.6M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	168.93	+0.113%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.78	+0.024%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.72	−0.011%	$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	168.67	−0.041%	$743K	$5.0M	10x	as long as short
Binance MSTRUSDT	+0.0059%	8h	168.65	−0.053%	$88.9M	$617.5M	50x	as long as short
BloFin MSTR-USDT	+0.0085%	8h	168.71	−0.017%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.46	−0.165%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0088%	8h	168.82	+0.047%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.83	+0.055%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.68	−0.035%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.63	−0.065%	$4K	$204K	50x	as long as short
Orderly PERP_MSTR_USDC_mythosshort	+0.0100%	8h	168.79	+0.030%	$3K	$8K	10x
Aevo MSTR-PERP	+0.0104%	1h	168.76	+0.012%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0190%	1h	168.61	−0.076%	$56.9M	$35.2M	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	168.69	−0.029%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	168.84	+0.060%	$275K	$434K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0699%	1h	168.70	−0.023%	$287K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0894%	4h	168.75	+0.007%	$47K	$5.5M	10x	as long as short