data as of
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Funding arb /

MSTR

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Funding spread now, next payment 00:00 UTC+0.0065%/8h
next payment, per $10,000+$0.65paid, last 24h+0.017%paid, last 3 days+0.014%to open and closeno order book
Long on Variational OmniShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MSTR166.610.0246pay 0.0246% / 8h7h 57m$1.3M$2.2M—
ShortBinance MSTRUSDT166.530.0310get 0.0310% / 8h7h 57m$89.9M$553.8M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$13.58
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
$3.58
Break-even
5.2 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.046%
Avg gap 7d
−0.022%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago2.97 bpdoesn't fit8.4 bp −$84doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago0.30 bp5.5 bp −$67.2 bp −$7223.7 bp −$2,36681.6 bp −$40.8K

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.8M$18.5M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$38K10xas long as short
edgeX MSTRUSDC+0.0019%4h$45K$4.9M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$499K$2.2M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.3M$9.2M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$405K$2.2M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$879K$4.6M10xas long as short
Pacifica MSTR+0.0100%1h$102K$153K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.6M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$130K$1.9M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Paradex MSTR-USD-PERP+0.0105%8h$67—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Nado MSTR-PERP+0.0175%1h$128K$256K3xas long as short
Lighter MSTR+0.0200%1h$3.6M$2.7M10xas long as short
Phoenix MSTR+0.0226%1h$54K$380K10xas long as short
Variational Omni MSTRlong+0.0246%8h$1.3M$2.2M—
tradeXYZ xyz:MSTR+0.0249%1h$56.8M$31.7M10xas long as short
OKX MSTR-USDT-SWAP+0.0267%8h$22.3M$101.4M50xas long as short
RISEx MSTR/USDC+0.0277%1h$293K$478K10xas long as short
Aster MSTRUSDT+0.0308%8h$1.3M$6.0M50xas long as short
Binance MSTRUSDTshort+0.0310%8h$89.9M$553.8M50x
Injective MSTR/USDC PERP+0.0312%1h$12K$93K30xas long as short
Bitget MSTRUSDT+0.0322%8h$29.0M$111.0M25xas long as short
BloFin MSTR-USDT+0.0430%8h$1.1M$1.4M20xas long as short
Bybit MSTRUSDT+0.0522%8h$15.6M$43.3M50xas long as short
Arcus MSTR-USD+0.0612%1h$26K$126K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0771%1h$283K$453K10xas long as short