MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRnext payment +$1.40 per $10,000 · paid last 24h +0.003%

Price spread now: Variational Omni against Gate−0.045%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 Gate Short on Variational Omni

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+0.018%+$2 · spread now −0.045%, 7d avg +0.010%

Together, before fees−0.189%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.055% cheaper against Gate than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.010%). If the spread goes back, that is −$6 on $10k: about 32 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 3 days funding on this pair cost −0.207%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	164.48	−0.0124	get 0.0124% / 8h	5h 59m	$4.6M	$18.3M	50x
Short	Variational Omni MSTR	164.41	0.0016	get 0.0016% / 8h	5h 59m	$1.2M	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $29.36
Price spread: −0.045% → +0.010%: −$5.51
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.86
Costs to cover: 0.150%
Break-even: 4.9 days

Slippage unknown: Gate: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Gate live order book, 5 min ago	2.13 bp	16.0 bp −$16	36.7 bp −$367	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.98 bp	doesn't fit	8.7 bp −$87	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	−0.1177%	8h	164.63	+0.091%	$27.6M	$114.7M	25x	as long as short
Gate MSTR_USDTlong	−0.0124%	8h	164.48	long leg	$4.6M	$18.3M	50x
Aster MSTRUSDT	0.0000%	8h	164.36	−0.075%	$1.2M	$7.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.51	+0.018%	$20.8M	$99.4M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.51	+0.018%	$2.8M	$69K	10x	as long as short
Variational Omni MSTRshort	+0.0016%	8h	164.41	−0.045%	$1.2M	$2.0M	—
Extended MSTR_24_5-USD	+0.0032%	1h	164.31	−0.103%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.955%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.50	+0.012%	$26K	$112K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.32	−0.097%	—	$1.8M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.38	−0.061%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.41	−0.043%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.25	−0.140%	$895K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.45	−0.018%	$1.4M	$7.9M	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.40	−0.049%	$3.5M	$1.9M	10x	as long as short
Binance MSTRUSDT	+0.0085%	8h	164.51	+0.018%	$87.8M	$618.8M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.45	−0.018%	$101K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.38	−0.061%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.36	−0.073%	$4K	$184K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.44	−0.024%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.43	−0.029%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0154%	8h	164.40	−0.050%	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0160%	1h	164.42	−0.036%	$55.1M	$36.6M	10x	as long as short
Nado MSTR-PERP	+0.0171%	1h	164.39	−0.056%	$122K	$149K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.31	−0.103%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0202%	8h	164.53	+0.032%	$79K	$760K	10x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.49	+0.008%	$269K	$447K	10x	as long as short
Bybit MSTRUSDT	+0.0351%	8h	164.53	+0.030%	$17.0M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.45	−0.020%	$55K	$219K	10x	as long as short
edgeX MSTRUSDC	+0.0443%	4h	164.44	−0.024%	$50K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0785%	1h	164.49	+0.006%	$280K	$438K	10x	as long as short