MSTR

Alert

Funding spread now, next payment 18:00 UTC−0.0147%/8h

paid, last 24h+0.007%paid, last 3 days+0.187%to open and closeno order book

Long on Variational Omni Short on Ondo Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	166.61	0.0197	pay 0.0197% / 8h	6h 53m	$1.3M	$2.2M	—
Short	Ondo Perps MSTR-USD.P	166.71	0.0050	get 0.0006% / 1h	53m 31s	$824K	$4.6M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Ondo PerpsbpOrdersRate

Funding earned: −$30.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$35.89
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.059%
Avg gap 7d: −0.122%

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 Variational Omni RFQ quote, 2 min ago	2.97 bp	doesn't fit	9.0 bp −$90	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Nado MSTR-PERP	−0.0046%	1h	$125K	$247K	3x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$42K	10x	as long as short
RISEx MSTR/USDC	+0.0017%	1h	$295K	$467K	10x	as long as short
Lighter MSTR	+0.0032%	1h	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$495K	$2.1M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.4M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	$824K	$4.6M	10x
tradeXYZ xyz:MSTR	+0.0052%	1h	$56.7M	$32.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0079%	8h	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$152K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$130K	$1.6M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.1M	10x	as long as short
Variational Omni MSTRlong	+0.0197%	8h	$1.3M	$2.2M	—
OKX MSTR-USDT-SWAP	+0.0208%	8h	$22.5M	$101.7M	50x	as long as short
Phoenix MSTR	+0.0215%	1h	$55K	$388K	10x	as long as short
Bybit MSTRUSDT	+0.0240%	8h	$15.5M	$41.5M	50x	as long as short
Aster MSTRUSDT	+0.0240%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0241%	8h	$91.0M	$567.7M	50x	as long as short
Injective MSTR/USDC PERP	+0.0249%	1h	$12K	$68K	30x	as long as short
Bitget MSTRUSDT	+0.0270%	8h	$28.7M	$111.7M	25x	as long as short
edgeX MSTRUSDC	+0.0356%	4h	$49K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0364%	8h	$1.1M	$1.5M	20x	as long as short
Arcus MSTR-USD	+0.0599%	1h	$26K	$130K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0650%	1h	$283K	$455K	10x	as long as short