Funding you earn now, next payment 08:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.47 per $10,000 · paid last 24h −0.010%
Price spread now: Orderly against Variational Omni+0.008%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 48 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 | 162.88 | 0.0147 | pay 0.0147% / 8h | 1h 45m | $1.2M | $2.1M | — |
| Short | Orderly PERP_MSTR_USDC_mythos | 162.89 | 0.0100 | get 0.0100% / 8h | 1h 45m | $2K | $13K | 10x |
Variational Omni MSTR
Orderly PERP_MSTR_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$9.86
- Price spread: +0.008% → 0.000%
- $0.83
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$15.03
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Orderly: no order-book sample. 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, 3 min ago | 2.97 bp | doesn't fit | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 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 | −0.0890% | 8h | 163.02 | +0.088% | $28.6M | $119.0M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 162.91 | +0.021% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.16 | +0.174% | $2.7M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0023% | 8h | 162.87 | −0.003% | $1.8M | $8.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.65 | −0.139% | $501K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.968% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.13 | +0.156% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.69 | −0.115% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 162.86 | −0.010% | $376K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 162.84 | −0.022% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 162.98 | +0.064% | $841K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0057% | 1h | 162.81 | −0.041% | $1.3M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 162.83 | −0.030% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 162.84 | −0.022% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.10 | +0.137% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.0100% | 8h | 162.89 | +0.008% | $2K | $13K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 162.92 | +0.028% | $135 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0126% | 8h | 162.87 | −0.004% | $20.7M | $100.3M | 50x | as long as short |
| Lighter MSTR | +0.0136% | 1h | 162.79 | −0.053% | $3.5M | $2.0M | 10x | as long as short |
| Variational Omni MSTRlong | +0.0147% | 8h | 162.88 | long leg | $1.2M | $2.1M | — | |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 162.83 | −0.027% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0152% | 1h | 161.52 | −0.833% | $1.4M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0218% | 1h | 162.74 | −0.084% | $53.9M | $37.3M | 10x | as long as short |
| Binance MSTRUSDT | +0.0222% | 8h | 162.85 | −0.016% | $83.6M | $628.4M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0230% | 8h | 163.31 | +0.266% | $79K | $876K | 10x | as long as short |
| Nado MSTR-PERP | +0.0323% | 1h | 162.75 | −0.075% | $130K | $157K | 3x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 163.25 | +0.228% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0340% | 8h | 163.05 | +0.107% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0381% | 8h | 162.89 | +0.008% | $16.7M | $41.8M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0381% | 1h | 162.90 | +0.012% | $262K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0561% | 4h | 163.08 | +0.127% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0979% | 1h | 162.91 | +0.021% | $277K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
tradeXYZ xyz:MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Nado MSTR-PERP
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL