MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.96 per $10,000 · paid last 24h +0.011%

Price spread now: Variational Omni against KuCoin−0.035%7-day average +0.055% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.035%, 7d avg +0.055%

Together, before fees+0.134%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.090% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.055%). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.049% in total) that is about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MSTRUSDTM	163.20	0.0100	pay 0.0100% / 8h	3m 44s	$2.4M	$2.7M	20x
Short	Variational Omni MSTR	163.14	0.0196	get 0.0196% / 8h	3m 44s	$1.2M	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −0.035%Rate

Funding earned: $20.2
Price spread: −0.035% → +0.055%: −$8.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.78
Costs to cover: 0.120%
Break-even: 7.3 days

Slippage unknown: KuCoin: live order book, 3 min ago; Variational Omni: RFQ quote, just now. 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 KuCoin live order book, 3 min ago	4.60 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	2.97 bp	doesn't fit	11.7 bp −$117	doesn't fit	doesn't fit

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	−0.0412%	8h	163.45	+0.153%	$29.5M	$119.2M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.36	+0.098%	$4.7M	$19.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.34	+0.086%	$2.7M	$84K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.22	+0.015%	$589K	$2.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.762%	$8K	$26K	30x	as long as short
edgeX MSTRUSDC	+0.0036%	4h	163.01	−0.117%	$46K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.30	+0.061%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.13	−0.043%	—	$1.8M	25x	as long as short
Lighter MSTR	+0.0048%	1h	163.31	+0.067%	$3.5M	$2.0M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.24	+0.025%	$377K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	163.33	+0.080%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.20	0.000%	$879K	$3.7M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	163.29	+0.055%	$1.3M	$7.1M	10x	as long as short
Aster MSTRUSDT	+0.0076%	8h	163.25	+0.031%	$1.8M	$8.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	163.33	+0.078%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0100%	8h	163.20	long leg	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	162.90	−0.184%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.31	+0.067%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.31	+0.068%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0132%	8h	163.33	+0.079%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	162.62	−0.355%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0166%	1h	163.25	+0.033%	$125K	$165K	3x	as long as short
Variational Omni MSTRshort	+0.0196%	8h	163.14	−0.035%	$1.2M	$2.0M	—
OKX MSTR-USDT-SWAP	+0.0202%	8h	163.32	+0.074%	$20.8M	$99.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0263%	8h	163.05	−0.092%	$82K	$859K	10x	as long as short
Binance MSTRUSDT	+0.0270%	8h	163.34	+0.086%	$84.0M	$620.6M	50x	as long as short
Phoenix MSTR	+0.0357%	1h	163.28	+0.048%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0387%	8h	163.22	+0.012%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0400%	8h	163.32	+0.074%	$17.1M	$41.7M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0423%	1h	163.31	+0.067%	$53.9M	$37.7M	10x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	163.34	+0.087%	$268K	$419K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0608%	1h	163.38	+0.110%	$278K	$437K	10x	as long as short