MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0206%/8h= +22.5% APRnext payment +$2.06 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against Variational Omni+0.168%7-day average −0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.099%+$10 on $10k

Price spread, last 7 days−0.172%−$17 · spread now +0.168%, 7d avg −0.020%

Together, before fees−0.073%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.188% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	162.78	0.0203	pay 0.0203% / 8h	18m 41s	$1.2M	$2.0M	—
Short	Bybit MSTRUSDT	163.05	0.0409	get 0.0409% / 8h	18m 41s	$17.1M	$41.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.168%Rate

Funding earned: $43.24
Price spread: +0.168% → −0.020%: $18.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $51.08
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Bybit: live order book, 5 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 Variational Omni RFQ quote, just now	2.98 bp	doesn't fit	10.5 bp −$105	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.31 bp	8.2 bp −$8	12.3 bp −$123	118.2 bp −$11.8K	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	−0.0459%	8h	163.24	+0.285%	$29.4M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.11	+0.205%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.12	+0.211%	$2.7M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.89	+0.073%	$591K	$2.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.032%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.99	+0.131%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.81	+0.021%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.07	+0.180%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.99	+0.131%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.86	+0.051%	$896K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0067%	1h	162.98	+0.125%	$1.3M	$7.1M	10x	as long as short
Lighter MSTR	+0.0072%	1h	162.97	+0.119%	$3.5M	$2.0M	10x	as long as short
Aster MSTRUSDT	+0.0078%	8h	163.08	+0.189%	$1.8M	$8.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	163.03	+0.153%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.95	+0.107%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.77	−0.004%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.05	+0.168%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.06	+0.175%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	162.83	+0.033%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0147%	8h	163.03	+0.153%	$65	—	5x	as long as short
Nado MSTR-PERP	+0.0197%	1h	162.86	+0.053%	$125K	$165K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0201%	8h	163.06	+0.174%	$20.8M	$99.8M	50x	as long as short
Variational Omni MSTRlong	+0.0203%	8h	162.78	long leg	$1.2M	$2.0M	—
GRVT MSTR_USDT_Perp	+0.0272%	8h	162.86	+0.053%	$78K	$849K	10x	as long as short
Binance MSTRUSDT	+0.0272%	8h	163.03	+0.156%	$83.8M	$620.5M	50x	as long as short
Phoenix MSTR	+0.0357%	1h	162.90	+0.078%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0392%	8h	163.07	+0.180%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDTshort	+0.0409%	8h	163.05	+0.168%	$17.1M	$41.7M	50x
tradeXYZ xyz:MSTR	+0.0463%	1h	163.00	+0.137%	$53.8M	$37.7M	10x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	163.04	+0.159%	$268K	$419K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0794%	1h	163.06	+0.174%	$277K	$437K	10x	as long as short
edgeX MSTRUSDC	+0.0886%	4h	162.82	+0.028%	$46K	$5.4M	10x	as long as short