MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.33 per $10,000 · paid last 24h +0.011%

Price spread now: Variational Omni against KuCoin−0.112%7-day average +0.055% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days+0.158%+$16 · spread now −0.112%, 7d avg +0.055%

Together, before fees+0.206%+ Points / potential airdropVariational Omni: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.167% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	164.27	0.0100	pay 0.0100% / 8h	4h 35m	$2.4M	$2.7M	20x
Short	Variational Omni MSTR	164.09	0.0067	get 0.0067% / 8h	4h 35m	$1.2M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.112%Rate

Funding earned: −$6.86
Price spread: −0.112% → +0.055%: −$16.71
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.58
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 4 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 KuCoin live order book, 2 min ago	2.13 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	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	−0.0906%	8h	164.47	+0.122%	$27.7M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0026%	8h	164.34	+0.043%	$4.6M	$18.5M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.29	+0.015%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.20	−0.043%	$2.8M	$72K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0001%	8h	164.33	+0.037%	$20.6M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.22	−0.030%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.15	−0.073%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.086%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.37	+0.058%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.45	+0.110%	$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	164.17	−0.061%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.27	0.000%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.27	0.000%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.13	−0.085%	$865K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.36	+0.055%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTRshort	+0.0067%	8h	164.09	−0.112%	$1.2M	$2.1M	—
Pacifica MSTR	+0.0100%	1h	164.30	+0.021%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	164.27	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	164.22	−0.030%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.29	+0.012%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.30	+0.020%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0128%	8h	164.31	+0.024%	$87.8M	$618.2M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.21	−0.035%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0161%	8h	164.38	+0.067%	$78K	$770K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.091%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.34	+0.040%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0237%	1h	164.25	−0.012%	$54.7M	$36.9M	10x	as long as short
BloFin MSTR-USDT	+0.0250%	8h	164.36	+0.055%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0259%	1h	164.20	−0.042%	$121K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0367%	8h	164.38	+0.067%	$17.0M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0443%	4h	164.37	+0.058%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0602%	1h	164.37	+0.061%	$280K	$438K	10x	as long as short