MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.020%

Price spread now: Variational Omni against Binance+0.035%7-day average −0.005% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.035%, 7d avg −0.005%

Together, before fees−0.089%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.040% dearer against Binance than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.005%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 4 days (−0.032% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MSTRUSDT	166.39	0.0448	pay 0.0448% / 8h	5h 53m	$87.3M	$539.0M	50x
Short	Variational Omni MSTR	166.45	0.0348	get 0.0348% / 8h	5h 53m	$1.2M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.035%Rate

Funding earned: −$20.93
Price spread: +0.035% → −0.005%: $4.03
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.9
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, 4 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 Binance live order book, 14 min ago	0.30 bp	6.2 bp −$6	10.8 bp −$108	37.2 bp −$3,721	137.3 bp −$68.7K
Sell Variational Omni RFQ quote, 4 min ago	2.97 bp	doesn't fit	9.2 bp −$92	doesn't fit	doesn't fit

MSTR on 32 exchanges

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
Injective MSTR/USDC PERP	−0.0263%	1h	165.22	−0.706%	$7K	$28K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	166.38	−0.009%	$4.9M	$17.6M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.37	−0.015%	$32.0M	$106.0M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.40	+0.003%	$2.8M	$86K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.37	−0.015%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.31	−0.053%	$509K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.61	+0.130%	—	$1.7M	25x	as long as short
QFEX MSTR-USD	+0.0050%	1h	166.31	−0.051%	$1.3M	$6.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.32	−0.045%	$384K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.41	+0.009%	$44K	$3K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.25	−0.087%	$876K	$3.3M	10x	as long as short
Nado MSTR-PERP	+0.0053%	1h	166.27	−0.075%	$127K	$127K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0072%	1h	165.78	−0.369%	$1.4M	$390K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.31	−0.054%	$102K	$74K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.37	−0.015%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.26	−0.081%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.40	+0.003%	$3K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.42	+0.017%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0112%	8h	166.38	−0.009%	$67	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0191%	1h	166.29	−0.063%	$54.9M	$34.4M	10x	as long as short
edgeX MSTRUSDC	+0.0217%	4h	166.48	+0.053%	$48K	$4.9M	10x	as long as short
Bybit MSTRUSDT	+0.0227%	8h	166.38	−0.009%	$17.2M	$38.1M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0231%	1h	166.42	+0.015%	$283K	$209K	10x	as long as short
Aster MSTRUSDT	+0.0262%	8h	166.40	+0.005%	$1.8M	$7.0M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0290%	8h	166.34	−0.033%	$21.6M	$84.1M	50x	as long as short
Phoenix MSTR	+0.0322%	1h	166.49	+0.057%	$56K	$213K	10x	as long as short
Variational Omni MSTRshort	+0.0348%	8h	166.45	+0.035%	$1.2M	$1.6M	—
RISEx MSTR/USDC	+0.0436%	1h	166.38	−0.006%	$274K	$353K	10x	as long as short
Binance MSTRUSDTlong	+0.0448%	8h	166.39	long leg	$87.3M	$539.0M	50x
BloFin MSTR-USDT	+0.0578%	8h	166.39	−0.003%	$1.1M	$2.0M	20x	as long as short
GRVT MSTR_USDT_Perp	+0.0596%	8h	166.55	+0.091%	$87K	$855K	10x	as long as short
Arcus MSTR-USD	+0.0824%	1h	166.47	+0.046%	$26K	$71K	10x	as long as short