Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.004%
Price spread now: SoDEX against Variational Omni−0.274%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Funding pays, the price is against you. SoDEX is 0.274% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.274% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 18 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MSTR | 164.35 | 0 | get 0.0000% / 8h | 6h 40m | $1.2M | $2.1M | — |
| Short | SoDEX MSTR-USD | 163.90 | 0.0050 | get 0.0006% / 1h | 40m 10s | $43K | $3K | 10x |
Variational Omni MSTR
SoDEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $10.5
- Price spread: −0.274% → 0.000%
- −$27.35
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$24.85
- Costs to cover
- 0.080%
- Break-even
- 23.6 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; SoDEX: 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, 4 min ago | 2.97 bp | doesn't fit | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | −0.0661% | 8h | 163.99 | −0.219% | $26.9M | $115.9M | 25x | as long as short |
| Gate MSTR_USDT | −0.0304% | 8h | 163.61 | −0.450% | $4.6M | $18.9M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.60 | −0.453% | $1.2M | $6.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 163.77 | −0.353% | $20.8M | $100.6M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 163.83 | −0.319% | $268K | $436K | 10x | as long as short |
| Variational Omni MSTRlong | 0.0000% | 8h | 164.35 | long leg | $1.2M | $2.1M | — | |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 164.86 | +0.310% | $76K | $810K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.44 | +0.055% | $2.8M | $67K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0011% | 8h | 165.55 | +0.730% | $1.1M | $1.9M | 20x | as long as short |
| Binance MSTRUSDT | +0.0011% | 8h | 163.71 | −0.387% | $86.5M | $626.1M | 50x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
GRVT MSTR_USDT_Perp
Phemex MSTRUSDT
BloFin MSTR-USDT
Binance MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.60 | −0.453% | $562K | $1.9M | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.69 | +0.207% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.58 | −0.468% | — | $1.8M | 25x | as long as short |
| SoDEX MSTR-USDshort | +0.0050% | 1h | 163.90 | −0.274% | $43K | $3K | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.69 | −0.401% | $884K | $4.8M | 10x | as long as short |
| edgeX MSTRUSDC | +0.0056% | 4h | 165.04 | +0.419% | $47K | $5.4M | 10x | as long as short |
| QFEX MSTR-USD | +0.0064% | 1h | 163.81 | −0.328% | $1.4M | $8.5M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.95 | −0.243% | $102K | $85K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.62 | −0.444% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.64 | +0.177% | $4K | $204K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.60 | −0.456% | $3K | $7K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.67 | −0.411% | $136 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0119% | 1h | 163.65 | −0.426% | $382K | $2.7M | 10x | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.74 | −0.371% | $3.5M | $1.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0162% | 8h | 163.75 | −0.364% | $66 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.67 | +0.195% | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0341% | 1h | 169.34 | +3.037% | $8K | $26K | 30x | as long as short |
| tradeXYZ xyz:MSTR | +0.0362% | 1h | 163.58 | −0.468% | $55.1M | $36.6M | 10x | as long as short |
| Phoenix MSTR | +0.0381% | 1h | 164.58 | +0.141% | $55K | $219K | 10x | as long as short |
| Nado MSTR-PERP | +0.0411% | 1h | 163.39 | −0.583% | $110K | $142K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0421% | 8h | 163.83 | −0.316% | $17.1M | $41.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.1278% | 1h | 163.84 | −0.310% | $279K | $438K | 10x | as long as short |
Extended MSTR_24_5-USD
Arcus MSTR-USD
Vest MSTR-USD-PERP
Ondo Perps MSTR-USD.P
edgeX MSTRUSDC
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Polymarket Perps MSTR-USD
Lighter MSTR
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Injective MSTR/USDC PERP
tradeXYZ xyz:MSTR
Phoenix MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL