MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h −0.007%

Price spread now: Paradex against Variational Omni−0.022%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.022% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	163.08	0.0114	pay 0.0114% / 8h	2h 36m	$1.2M	$2.0M	—
Short	Paradex MSTR-USD-PERP	163.04	0.0145	get 0.0145% / 8h	2h 36m	$65	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ParadexbpOrdersPrice spread, now −0.022%Rate

Funding earned: $6.48
Price spread: −0.022% → 0.000%: −$2.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.28
Costs to cover: 0.040%
Break-even: 6.7 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Paradex: 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, 3 min ago	2.98 bp	doesn't fit	14.6 bp −$146	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Bitget MSTRUSDT	−0.1049%	8h	163.24	+0.098%	$27.1M	$117.6M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.08	+0.002%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.08	0.000%	$4.6M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.53	+0.276%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.85	−0.141%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.839%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.05	−0.018%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0041%	1h	162.65	−0.264%	—	$1.8M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.99	−0.055%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.88	−0.122%	$856K	$3.9M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0051%	1h	163.03	−0.030%	$377K	$2.7M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	163.04	−0.024%	$1.4M	$7.2M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.09	+0.006%	$264K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0088%	8h	163.03	−0.030%	$20.7M	$99.9M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	163.08	+0.002%	$100K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.99	−0.055%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.65	−0.264%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.00	−0.049%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.02	−0.036%	$135	—	10x	as long as short
Variational Omni MSTRlong	+0.0114%	8h	163.08	long leg	$1.2M	$2.0M	—
Paradex MSTR-USD-PERPshort	+0.0145%	8h	163.04	−0.022%	$65	—	5x
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	162.54	−0.331%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0190%	8h	163.00	−0.049%	$85.1M	$624.7M	50x	as long as short
Lighter MSTR	+0.0192%	1h	163.03	−0.030%	$3.5M	$1.9M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0193%	8h	162.78	−0.184%	$79K	$839K	10x	as long as short
BloFin MSTR-USDT	+0.0308%	8h	163.08	0.000%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0361%	8h	163.07	−0.006%	$16.7M	$41.3M	50x	as long as short
Phoenix MSTR	+0.0362%	1h	162.94	−0.086%	$55K	$226K	10x	as long as short
Nado MSTR-PERP	+0.0368%	1h	162.92	−0.097%	$130K	$156K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0371%	1h	162.98	−0.061%	$54.3M	$37.1M	10x	as long as short
edgeX MSTRUSDC	+0.0800%	4h	162.72	−0.218%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0916%	1h	163.08	0.000%	$277K	$438K	10x	as long as short