MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0180%/8h= −19.7% APRnext payment −$1.80 per $10,000 · paid last 24h −0.042%

Price spread now: Variational Omni against BloFin+0.210%7-day average −0.005% · you sell dearer than you buy

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.210%, 7d avg −0.005%

Together, before fees−0.198%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.214% dearer against BloFin than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of −0.005%): +$21 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MSTR-USDT	164.38	0.0249	pay 0.0249% / 8h	4h 38m	$1.0M	$2.0M	20x
Short	Variational Omni MSTR	164.72	0.0069	get 0.0069% / 8h	4h 38m	$1.2M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.210%Rate

Funding earned: −$37.86
Price spread: +0.210% → −0.005%: $21.42
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.45
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 4 min ago; Variational Omni: RFQ quote, just now. 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 BloFin live order book, 4 min ago	0.91 bp	7.5 bp −$8	10.9 bp −$109	23.3 bp −$2,335	doesn't fit
Sell Variational Omni RFQ quote, just now	2.98 bp	doesn't fit	12.5 bp −$125	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	−0.0865%	8h	164.48	+0.061%	$27.7M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0048%	8h	164.36	−0.012%	$4.6M	$18.5M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.33	−0.028%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.54	+0.097%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0008%	8h	164.33	−0.030%	$20.6M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.29	−0.055%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.20	−0.110%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.017%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.45	+0.043%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.71	+0.201%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.45	+0.043%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.43	+0.030%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.34	−0.024%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.50	+0.073%	$866K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.47	+0.055%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTRshort	+0.0069%	8h	164.72	+0.210%	$1.2M	$2.1M	—
Pacifica MSTR	+0.0100%	1h	164.51	+0.079%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.29	−0.055%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.63	+0.152%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.34	−0.024%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.32	−0.034%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0129%	8h	164.31	−0.044%	$87.8M	$618.0M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0142%	8h	164.44	+0.033%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0165%	8h	164.79	+0.251%	$78K	$770K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.77	+0.237%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.59	+0.125%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0237%	1h	164.31	−0.043%	$54.8M	$36.9M	10x	as long as short
BloFin MSTR-USDTlong	+0.0249%	8h	164.38	long leg	$1.0M	$2.0M	20x
Nado MSTR-PERP	+0.0270%	1h	164.47	+0.056%	$121K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0372%	8h	164.39	+0.006%	$17.1M	$40.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0420%	1h	164.38	0.000%	$280K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0951%	4h	164.67	+0.174%	$49K	$5.3M	10x	as long as short