MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.16 per $10,000 · paid last 24h −0.007%

Price spread now: Variational Omni against Aster+0.164%7-day average +0.038% · you sell dearer than you buy

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.164%, 7d avg +0.038%

Together, before fees−0.105%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Variational Omni is 0.126% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSTRUSDT	164.14	0	get 0.0000% / 8h	5h 57m	$1.2M	$7.2M	50x
Short	Variational Omni MSTR	164.41	0.0016	get 0.0016% / 8h	5h 57m	$1.2M	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.164%Rate

Funding earned: $3.32
Price spread: +0.164% → +0.038%: $12.62
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.95
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 Aster live order book, 1 min ago	0.30 bp	7.7 bp −$8	7.9 bp −$79	38.6 bp −$3,861	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.98 bp	doesn't fit	11.9 bp −$119	doesn't fit	doesn't fit

MSTR on 31 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	−0.1189%	8h	164.26	+0.075%	$27.5M	$114.4M	25x	as long as short
Gate MSTR_USDT	−0.0104%	8h	164.11	−0.017%	$4.6M	$18.3M	50x	as long as short
Aster MSTRUSDTlong	0.0000%	8h	164.14	long leg	$1.2M	$7.2M	50x
OKX MSTR-USDT-SWAP	0.0000%	8h	164.09	−0.029%	$20.8M	$99.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.41	+0.166%	$2.8M	$69K	10x	as long as short
Variational Omni MSTRshort	+0.0016%	8h	164.41	+0.164%	$1.2M	$2.0M	—
Lighter MSTR	+0.0032%	1h	164.15	+0.008%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.91	−0.135%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.170%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.45	+0.190%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.00	−0.084%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.04	−0.059%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.41	+0.166%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.01	−0.078%	$895K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.08	−0.035%	$1.4M	$7.9M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0086%	1h	163.95	−0.114%	$54.9M	$36.6M	10x	as long as short
Binance MSTRUSDT	+0.0087%	8h	164.09	−0.028%	$87.6M	$618.5M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.19	+0.032%	$100K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.10	−0.023%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.35	+0.130%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.09	−0.029%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.09	−0.027%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0151%	8h	164.07	−0.043%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0189%	8h	164.53	+0.238%	$79K	$760K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.31	+0.105%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0228%	1h	164.09	−0.030%	$122K	$149K	3x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.15	+0.009%	$269K	$447K	10x	as long as short
Bybit MSTRUSDT	+0.0340%	8h	164.13	−0.004%	$17.0M	$40.7M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.45	+0.189%	$55K	$219K	10x	as long as short
edgeX MSTRUSDC	+0.0443%	4h	164.44	+0.184%	$50K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0726%	1h	164.07	−0.041%	$279K	$438K	10x	as long as short