MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.25 per $10,000 · paid last 24h −0.010%

Price spread now: Orderly against Variational Omni+0.064%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.064% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	164.40	0.0075	pay 0.0075% / 8h	4h 17m	$1.2M	$2.1M	—
Short	Orderly PERP_MSTR_USDC_mythos	164.51	0.0100	get 0.0100% / 8h	4h 17m	$3K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.064%Rate

Funding earned: $5.28
Price spread: +0.064% → 0.000%: $6.41
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.7
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Orderly: no order-book sample. 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, 2 min ago	2.98 bp	doesn't fit	13.7 bp −$137	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0944%	8h	164.68	+0.168%	$27.8M	$115.1M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.44	+0.022%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.55	+0.088%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.34	−0.039%	$2.8M	$73K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0007%	8h	164.54	+0.082%	$20.6M	$99.5M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.39	−0.009%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.34	−0.036%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.002%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.50	+0.056%	$267K	$448K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.51	+0.064%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.34	−0.039%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.42	+0.009%	$381K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.45	+0.028%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.31	−0.058%	$852K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.47	+0.040%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTRlong	+0.0075%	8h	164.40	long leg	$1.2M	$2.1M	—
Pacifica MSTR	+0.0100%	1h	164.40	−0.004%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.39	−0.009%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.31	−0.058%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythosshort	+0.0100%	8h	164.51	+0.064%	$3K	$8K	10x
Aevo MSTR-PERP	+0.0104%	1h	164.53	+0.078%	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0135%	8h	164.43	+0.015%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0138%	8h	164.55	+0.088%	$87.3M	$616.3M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0159%	8h	164.50	+0.056%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.173%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.27	−0.081%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0229%	1h	164.43	+0.015%	$54.8M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0241%	1h	164.32	−0.049%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0257%	8h	164.48	+0.046%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0353%	8h	164.57	+0.101%	$17.0M	$40.7M	50x	as long as short
edgeX MSTRUSDC	+0.0500%	4h	164.46	+0.034%	$49K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1027%	1h	164.61	+0.125%	$280K	$438K	10x	as long as short