MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.026%

Price spread now: Polymarket Perps against Variational Omni−0.017%7-day average −0.097% · you buy dearer than you sell

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

Long on Variational Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.130%+$13 on $10k

Price spread, last 7 days+0.157%+$16 · spread now −0.017%, 7d avg −0.097%

Together, before fees+0.287%+ Points / potential airdropVariational Omni: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.080% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	169.29	0	get 0.0000% / 8h	2h 32m	$1.2M	$2.4M	—
Short	Polymarket Perps MSTR-USD	169.26	0.0050	get 0.0006% / 1h	32m 54s	$410K	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.017%Rate

Funding earned: $10.5
Price spread: −0.017% → −0.097%: $7.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $10.48
Costs to cover: 0.080%
Break-even: 0.0 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Polymarket Perps: live order book, 6 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	2.98 bp	doesn't fit	8.9 bp −$89	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.66 bp	6.7 bp −$7	8.2 bp −$82	11.3 bp −$1,128	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
Nado MSTR-PERP	−0.0121%	1h	169.15	−0.085%	$139K	$101K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.29	−0.002%	$1.3M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.31	+0.010%	$88.7M	$629.4M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.26	−0.017%	$22.1M	$107.4M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.29	+0.004%	$296K	$437K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.23	−0.035%	$4.8M	$19.6M	50x	as long as short
Variational Omni MSTRlong	0.0000%	8h	169.29	long leg	$1.2M	$2.4M	—
GRVT MSTR_USDT_Perp	0.0000%	8h	169.44	+0.088%	$83K	$948K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.36	+0.042%	$2.9M	$57K	10x	as long as short
BloFin MSTR-USDT	+0.0011%	8h	169.24	−0.029%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.22	−0.041%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.18	−0.067%	$588K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0039%	1h	169.30	+0.006%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.41	+0.071%	—	$2.1M	25x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	169.11	−0.106%	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	169.20	−0.053%	$56.6M	$38.2M	10x	as long as short
Polymarket Perps MSTR-USDshort	+0.0050%	1h	169.26	−0.017%	$410K	$2.6M	10x
SoDEX MSTR-USD	+0.0050%	1h	169.26	−0.017%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.34	+0.030%	$738K	$5.0M	10x	as long as short
Bitget MSTRUSDT	+0.0072%	8h	169.27	−0.011%	$28.8M	$119.7M	25x	as long as short
Paradex MSTR-USD-PERP	+0.0072%	8h	169.23	−0.033%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0092%	8h	169.29	+0.001%	$15.2M	$41.4M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	169.25	−0.026%	$103K	$137K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.20	−0.053%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.39	+0.060%	$4K	$998K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.31	+0.012%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.29	−0.002%	$141	—	10x	as long as short
Phoenix MSTR	+0.0184%	1h	169.22	−0.041%	$57K	$396K	10x	as long as short
Arcus MSTR-USD	+0.0432%	1h	169.34	+0.030%	$27K	$134K	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	169.10	−0.112%	$13K	$22K	30x	as long as short
edgeX MSTRUSDC	+0.0689%	4h	169.42	+0.077%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0696%	1h	169.34	+0.030%	$288K	$438K	10x	as long as short