Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Binance against Variational Omni−0.026%7-day average −0.022% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 2 days (all we have)+0.038%+$4 · spread now −0.026%, 7d avg −0.022%

Together, before fees+0.057%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	169.35	0	get 0.0000% / 8h	1h 16m	$1.2M	$2.4M	—
Short	Binance MSTRUSDT	169.31	0	get 0.0000% / 8h	1h 16m	$89.4M	$628.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.022%: −$0.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.39
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 12 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 Variational Omni RFQ quote, 3 min ago	2.95 bp	doesn't fit	16.5 bp −$165	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.30 bp	6.2 bp −$6	8.8 bp −$88	26.9 bp −$2,694	119.1 bp −$59.6K

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
Nado MSTR-PERP	−0.0070%	1h	169.18	−0.100%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0019%	8h	169.32	−0.020%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.18	−0.103%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDTshort	0.0000%	8h	169.31	−0.026%	$89.4M	$628.9M	50x
OKX MSTR-USDT-SWAP	0.0000%	8h	169.33	−0.014%	$22.1M	$106.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.32	−0.022%	$276K	$442K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.23	−0.073%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTRlong	0.0000%	8h	169.35	long leg	$1.2M	$2.4M	—
GRVT MSTR_USDT_Perp	0.0000%	8h	169.37	+0.010%	$83K	$889K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.26	−0.055%	$2.9M	$62K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.23	−0.073%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.13	−0.134%	$585K	$1.8M	10x	as long as short
Bitget MSTRUSDT	+0.0035%	8h	169.28	−0.044%	$28.8M	$119.4M	25x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.32	−0.020%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.35	−0.002%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.26	−0.055%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.22	−0.079%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.25	−0.061%	$781K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.66	−0.410%	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0066%	8h	169.28	−0.044%	$15.2M	$40.5M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0082%	8h	169.27	−0.047%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0095%	1h	169.25	−0.061%	$57.0M	$37.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.23	−0.071%	$104K	$105K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.13	−0.132%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.15	−0.120%	$4K	$481K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.30	−0.032%	$3K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.26	−0.054%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.34	−0.011%	$57K	$394K	10x	as long as short
edgeX MSTRUSDC	+0.0287%	4h	169.42	+0.037%	$48K	$5.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.32	−0.020%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	169.38	+0.015%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0459%	1h	169.31	−0.026%	$288K	$439K	10x	as long as short