MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0130%/8h= −14.2% APRnext payment −$1.30 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against Variational Omni−0.113%7-day average −0.010% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.207%+$21 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.113%, 7d avg −0.010%

Together, before fees+0.348%+ Points / potential airdropVariational Omni: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.103% cheaper against Variational Omni than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.010%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.207%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	164.41	0.0016	pay 0.0016% / 8h	5h 57m	$1.2M	$2.0M	—
Short	Gate MSTR_USDT	164.22	−0.0114	pay 0.0114% / 8h	5h 57m	$4.6M	$18.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.113%Rate

Funding earned: −$27.26
Price spread: −0.113% → −0.010%: −$10.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.57
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Gate: live order book, 1 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, 1 min ago	2.98 bp	doesn't fit	13.2 bp −$132	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.13 bp	17.0 bp −$17	36.4 bp −$364	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	−0.1182%	8h	164.46	+0.033%	$27.5M	$114.6M	25x	as long as short
Gate MSTR_USDTshort	−0.0114%	8h	164.22	−0.113%	$4.6M	$18.3M	50x
Aster MSTRUSDT	0.0000%	8h	164.23	−0.107%	$1.2M	$7.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.21	−0.119%	$20.8M	$99.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.41	+0.002%	$2.8M	$69K	10x	as long as short
Variational Omni MSTRlong	+0.0016%	8h	164.41	long leg	$1.2M	$2.0M	—
Lighter MSTR	+0.0032%	1h	164.37	−0.022%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.04	−0.223%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.001%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.51	+0.063%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.37	−0.022%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.39	−0.010%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.41	+0.002%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.25	−0.095%	$895K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.48	+0.045%	$1.4M	$7.9M	10x	as long as short
Binance MSTRUSDT	+0.0086%	8h	164.23	−0.107%	$87.7M	$618.8M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.45	+0.026%	$101K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.20	−0.125%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.36	−0.028%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.41	+0.002%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.42	+0.011%	$136	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0106%	1h	164.16	−0.150%	$55.0M	$36.6M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0154%	8h	164.48	+0.043%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.31	−0.059%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0202%	8h	164.53	+0.076%	$79K	$760K	10x	as long as short
Nado MSTR-PERP	+0.0216%	1h	164.43	+0.013%	$122K	$149K	3x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.47	+0.042%	$269K	$447K	10x	as long as short
Bybit MSTRUSDT	+0.0347%	8h	164.27	−0.083%	$17.0M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.45	+0.025%	$55K	$219K	10x	as long as short
edgeX MSTRUSDC	+0.0443%	4h	164.44	+0.020%	$50K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0724%	1h	164.48	+0.045%	$280K	$438K	10x	as long as short