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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.03 per $10,000 · paid last 24h −0.002%
Price spread now: Variational Omni against OKX+0.128%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OKXShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days−0.151%−$15 · spread now +0.128%, 7d avg +0.016%
Together, before fees−0.152%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.112% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.150.0234pay 0.0234% / 8h7h 41m$20.9M$99.1M50x
ShortVariational Omni MSTR163.360.0237get 0.0237% / 8h7h 41m$1.2M$2.0M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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

Funding earned
$0.71
Price spread: +0.128% → +0.016%
$11.17
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$1.87
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: OKX: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.31 bp6.6 bp −$712.9 bp −$12962.8 bp −$6,278doesn't fit
Sell Variational Omni RFQ quote, 3 min ago2.97 bpdoesn't fit7.6 bp −$76doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0147%8h163.20+0.031%$30.3M$118.4M25xas long as short
Phemex MSTRUSDT0.0000%4h163.16+0.006%$2.7M$86K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.00−0.091%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.794%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.34+0.116%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.08−0.043%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.00−0.092%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.12−0.018%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.18+0.018%$904K$3.7M10xas long as short
Gate MSTR_USDT+0.0051%8h163.22+0.043%$4.7M$18.5M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.27+0.074%$1.3M$7.0M10xas long as short
Pacifica MSTR+0.0100%1h163.23+0.047%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.20+0.031%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.25+0.061%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.21+0.037%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.16+0.007%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.325%$1.4M$1.1M10xas long as short
Aster MSTRUSDT+0.0124%8h163.16+0.006%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0152%1h163.09−0.037%$3.5M$1.7M10xas long as short
Paradex MSTR-USD-PERP+0.0172%8h163.26+0.067%$65—5xas long as short
Nado MSTR-PERP+0.0189%1h163.02−0.078%$125K$165K3xas long as short
OKX MSTR-USDT-SWAPlong+0.0234%8h163.15long leg$20.9M$99.1M50x
Variational Omni MSTRshort+0.0237%8h163.36+0.128%$1.2M$2.0M—
Binance MSTRUSDT+0.0322%8h163.10−0.031%$84.1M$619.4M50xas long as short
RISEx MSTR/USDC+0.0400%1h163.28+0.080%$268K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0438%1h163.18+0.018%$53.7M$37.6M10xas long as short
BloFin MSTR-USDT+0.0442%8h163.11−0.025%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.24+0.055%$55K$223K10xas long as short
edgeX MSTRUSDC+0.0513%4h163.39+0.149%$47K$5.4M10xas long as short
Bybit MSTRUSDT+0.0580%8h163.22+0.043%$17.1M$41.3M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0609%1h163.150.000%$277K$430K10xas long as short
GRVT MSTR_USDT_Perp+0.0689%8h163.37+0.135%$80K$848K10xas long as short