MSTR

Alert

Funding spread now, next payment 15:00 UTC+0.0292%/8h

paid, last 24h−0.130%paid, last 3 days−0.212%to open and closeno order book

Long on Ondo Perps Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MSTR-USD.P	165.91	0.0050	pay 0.0006% / 1h	30m 00s	$843K	$4.3M	10x
Short	Variational Omni MSTR	166.15	0.0342	get 0.0342% / 8h	1h 30m	$1.3M	$2.1M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee Variational OmnibpOrdersRate

Funding earned: $61.33
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $56.33
Break-even: 0.6 days

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.142%
Avg gap 7d: +0.115%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.95 bp	doesn't fit	10.1 bp −$101	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MSTR/USDC PERP	−0.0440%	1h	$12K	$123K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	$5.0M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$30K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$498K	$2.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.3M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$421K	$1.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Plong	+0.0050%	1h	$843K	$4.3M	10x
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$8.9M	10x	as long as short
Nado MSTR-PERP	+0.0079%	1h	$155K	$245K	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$102K	$176K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$132K	$2.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$14K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0116%	8h	$66	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0133%	8h	$3.2M	$2.1M	20x	as long as short
Lighter MSTR	+0.0152%	1h	$3.6M	$2.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0160%	1h	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0189%	1h	$56.7M	$29.9M	10x	as long as short
Bybit MSTRUSDT	+0.0202%	8h	$15.8M	$41.5M	50x	as long as short
Phoenix MSTR	+0.0320%	1h	$53K	$334K	10x	as long as short
Variational Omni MSTRshort	+0.0342%	8h	$1.3M	$2.1M	—
OKX MSTR-USDT-SWAP	+0.0366%	8h	$21.8M	$96.8M	50x	as long as short
Bitget MSTRUSDT	+0.0405%	8h	$28.7M	$106.0M	25x	as long as short
Binance MSTRUSDT	+0.0417%	8h	$86.2M	$476.5M	50x	as long as short
Aster MSTRUSDT	+0.0448%	8h	$1.6M	$5.0M	50x	as long as short
BloFin MSTR-USDT	+0.0543%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$196K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0698%	4h	$61K	$4.1M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0773%	1h	$283K	$450K	10x	as long as short
Arcus MSTR-USD	+0.0991%	1h	$26K	$123K	10x	as long as short