Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.60 per $10,000 · paid last 24h −0.020%
Price spread now: Variational Omni against Binance+0.175%7-day average −0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.025%−$2 on $10k
+Price spread, last 7 days−0.186%−$19 · spread now +0.175%, 7d avg −0.005%
=Together, before fees−0.211%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.180% dearer against Binance than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of −0.005%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 4 days (−0.025% in total) that is about 26 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 163.67 | 0.0166 | pay 0.0166% / 8h | 3h 22m | $86.4M | $617.4M | 50x |
| Short | Variational Omni MSTR | 163.95 | 0.0106 | get 0.0106% / 8h | 3h 22m | $1.2M | $2.1M | — |
Binance MSTRUSDT
Variational Omni MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.53
- Price spread: +0.175% → −0.005%
- $18.01
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$4.52
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago | 0.31 bp | 5.9 bp −$6 | 8.6 bp −$86 | 10.0 bp −$997 | 84.6 bp −$42.3K |
| Sell Variational Omni RFQ quote, 2 min ago | 2.99 bp | doesn't fit | 8.5 bp −$85 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0941% | 8h | 164.03 | +0.221% | $27.2M | $116.2M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.70 | +0.021% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.79 | +0.075% | $4.6M | $19.1M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.73 | +0.038% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.66 | −0.005% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.58 | −0.051% | $589K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.466% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.98 | +0.191% | $26K | $110K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0045% | 8h | 163.73 | +0.038% | $20.7M | $98.8M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.51 | −0.096% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
OKX MSTR-USDT-SWAP
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.63 | −0.023% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.72 | +0.032% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.50 | −0.102% | $867K | $3.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0064% | 8h | 163.64 | −0.018% | $65 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.65 | −0.011% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.71 | +0.025% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.65 | −0.011% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.88 | +0.130% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.67 | +0.001% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.69 | +0.011% | $136 | — | 10x | as long as short |
| Variational Omni MSTRshort | +0.0106% | 8h | 163.95 | +0.175% | $1.2M | $2.1M | — | |
| Binance MSTRUSDTlong | +0.0166% | 8h | 163.67 | long leg | $86.4M | $617.4M | 50x | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | +0.130% | $1.4M | $1.1M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0171% | 8h | 164.00 | +0.203% | $75K | $825K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.71 | +0.025% | $265K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0258% | 1h | 163.54 | −0.075% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0259% | 1h | 163.71 | +0.026% | $54.5M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0288% | 8h | 163.84 | +0.105% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0325% | 8h | 163.75 | +0.050% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.95 | +0.174% | $56K | $226K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0606% | 1h | 163.72 | +0.032% | $278K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0656% | 4h | 163.98 | +0.193% | $49K | $5.3M | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC