MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.02 per $10,000 · paid last 24h −0.010%

Price spread now: Variational Omni against OKX+0.027%7-day average +0.017% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.027%, 7d avg +0.017%

Together, before fees−0.057%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MSTR-USDT-SWAP	164.80	0	get 0.0000% / 8h	6h 15m	$20.9M	$100.8M	50x
Short	Variational Omni MSTR	164.84	0.0002	get 0.0002% / 8h	6h 15m	$1.2M	$2.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.027%Rate

Funding earned: $0.46
Price spread: +0.027% → +0.017%: $0.95
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.59
Costs to cover: 0.100%
Break-even: 137.0 days

Slippage unknown: OKX: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 OKX live order book, 3 min ago	0.30 bp	6.3 bp −$6	11.1 bp −$111	66.9 bp −$6,689	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.98 bp	doesn't fit	8.3 bp −$83	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	−0.1079%	8h	164.93	+0.079%	$27.6M	$115.7M	25x	as long as short
Gate MSTR_USDT	−0.0170%	8h	164.82	+0.012%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.84	+0.023%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAPlong	0.0000%	8h	164.80	long leg	$20.9M	$100.8M	50x
RISEx MSTR/USDC	0.0000%	1h	164.82	+0.015%	$270K	$447K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.91	+0.067%	$2.8M	$68K	10x	as long as short
Variational Omni MSTRshort	+0.0002%	8h	164.84	+0.027%	$1.2M	$2.1M	—
Extended MSTR_24_5-USD	+0.0032%	1h	164.69	−0.064%	$596K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.86	+0.036%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.89	+0.055%	—	$1.8M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.90	+0.061%	$910K	$4.5M	10x	as long as short
Lighter MSTR	+0.0064%	1h	164.73	−0.042%	$3.5M	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.86	+0.036%	$1.4M	$8.2M	10x	as long as short
SoDEX MSTR-USD	+0.0065%	1h	164.81	+0.006%	$43K	$3K	10x	as long as short
Binance MSTRUSDT	+0.0071%	8h	164.78	−0.012%	$87.8M	$624.1M	50x	as long as short
Polymarket Perps MSTR-USD	+0.0082%	1h	164.88	+0.049%	$385K	$2.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.77	−0.018%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.71	−0.055%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.53	−0.164%	$4K	$188K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.86	+0.036%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.85	+0.028%	$137	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.68	−0.076%	$79K	$760K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.40	−0.243%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0172%	8h	164.75	−0.032%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0230%	1h	164.71	−0.055%	$55.2M	$36.9M	10x	as long as short
edgeX MSTRUSDC	+0.0315%	4h	164.58	−0.131%	$48K	$5.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.755%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0360%	1h	164.84	+0.023%	$122K	$150K	3x	as long as short
Phoenix MSTR	+0.0381%	1h	164.92	+0.075%	$55K	$219K	10x	as long as short
Bybit MSTRUSDT	+0.0382%	8h	164.84	+0.024%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0660%	1h	164.93	+0.079%	$280K	$438K	10x	as long as short