Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.143%
Price spread now: edgeX against Variational Omni−0.028%74s7-day average −0.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.075%+$7 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now −0.028%, 7d avg −0.035%
=Together, before fees+0.085%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 164.18 | 0.0147 | pay 0.0147% / 8h | 2h 02m | $1.2M | $2.1M | — |
| Short | edgeX MSTRUSDC | 164.13 | 0.0279 | get 0.0140% / 4h | 2h 02m | $46K | $5.4M | 10x |
Variational Omni MSTR
edgeX MSTRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $27.8
- Price spread: −0.028% → −0.035%
- $0.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $19.45
- Costs to cover
- 0.090%
- Break-even
- 2.1 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: live order book, 2 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, 2 min ago | 2.99 bp | doesn't fit | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 5.80 bp | 10.8 bp −$11 | 18.0 bp −$180 | 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 | −0.0974% | 8h | 164.04 | −0.083% | $28.5M | $119.1M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.91 | −0.162% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.44 | −0.448% | $2.8M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0016% | 8h | 163.82 | −0.219% | $1.8M | $8.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.69 | −0.293% | $511K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.145% | $8K | $26K | 30x | as long as short |
| Vest MSTR-USD-PERP | +0.0038% | 1h | 163.81 | −0.223% | — | $1.8M | 25x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.98 | −0.120% | $26K | $113K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.77 | −0.247% | $378K | $2.7M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.64 | −0.327% | $853K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Arcus MSTR-USD
Polymarket Perps MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 163.81 | −0.223% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 163.90 | −0.171% | $263K | $442K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.80 | −0.231% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.80 | −0.229% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.95 | −0.138% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.85 | −0.199% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.86 | −0.193% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0118% | 8h | 163.86 | −0.193% | $20.8M | $101.1M | 50x | as long as short |
| Lighter MSTR | +0.0120% | 1h | 163.82 | −0.217% | $3.5M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0140% | 8h | 163.77 | −0.250% | $66 | — | 5x | as long as short |
| Variational Omni MSTRlong | +0.0147% | 8h | 164.18 | long leg | $1.2M | $2.1M | — | |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −1.618% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0215% | 8h | 163.87 | −0.187% | $84.1M | $629.1M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0225% | 1h | 163.73 | −0.272% | $54.3M | $37.4M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0236% | 8h | 164.07 | −0.063% | $79K | $854K | 10x | as long as short |
| edgeX MSTRUSDCshort | +0.0279% | 4h | 164.13 | −0.028% | $46K | $5.4M | 10x | |
| Nado MSTR-PERP | +0.0330% | 1h | 163.73 | −0.272% | $131K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0338% | 8h | 163.94 | −0.144% | $1.0M | $2.1M | 20x | as long as short |
| SoDEX MSTR-USD | +0.0350% | 1h | 163.83 | −0.211% | $43K | $3K | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.89 | −0.173% | $56K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0370% | 8h | 163.90 | −0.168% | $16.9M | $41.9M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0666% | 1h | 163.88 | −0.180% | $279K | $438K | 10x | as long as short |
QFEX MSTR-USD
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
tradeXYZ xyz:MSTR
GRVT MSTR_USDT_Perp
Nado MSTR-PERP
BloFin MSTR-USDT
SoDEX MSTR-USD
Phoenix MSTR
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL