MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.026%

Price spread now: Polymarket Perps against Variational Omni−0.043%7-day average −0.099% · you buy dearer than you sell

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

Long on Variational Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.135%+$14 on $10k

Price spread, last 7 days−0.051%−$5 · spread now −0.043%, 7d avg −0.099%

Together, before fees+0.084%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.056% dearer against Variational Omni than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.099%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 4 days funding on this pair paid +0.135%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MSTR	162.32	0.0124	pay 0.0124% / 8h	2h 29m	$1.2M	$2.1M	—
Short	Polymarket Perps MSTR-USD	162.25	0.0050	get 0.0006% / 1h	29m 21s	$374K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Variational Omni. 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 Variational OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$15.63
Price spread: −0.043% → −0.099%: $5.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.01
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Polymarket Perps: live order book, 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 Variational Omni RFQ quote, 5 min ago	3.63 bp	doesn't fit	9.8 bp −$98	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.85 bp	7.2 bp −$7	7.6 bp −$76	9.8 bp −$979	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	−0.1146%	8h	162.49	+0.105%	$27.0M	$117.8M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	162.29	−0.017%	$1.7M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	162.36	+0.025%	$4.6M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.93	+0.376%	$2.7M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.20	−0.074%	$513K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.325%	$8K	$26K	30x	as long as short
Vest MSTR-USD-PERP	+0.0034%	1h	161.94	−0.234%	—	$1.8M	25x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.55	+0.142%	$26K	$109K	10x	as long as short
Polymarket Perps MSTR-USDshort	+0.0050%	1h	162.25	−0.043%	$374K	$2.7M	10x
SoDEX MSTR-USD	+0.0050%	1h	162.31	−0.006%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.18	−0.086%	$867K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	162.31	−0.006%	$1.4M	$7.2M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	162.38	+0.040%	$263K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0093%	8h	162.27	−0.031%	$20.4M	$99.7M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	162.27	−0.029%	$99K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.24	−0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.29	−0.018%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.28	−0.025%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.29	−0.017%	$135	—	10x	as long as short
Variational Omni MSTRlong	+0.0124%	8h	162.32	long leg	$1.2M	$2.1M	—
Paradex MSTR-USD-PERP	+0.0151%	8h	162.28	−0.026%	$65	—	5x	as long as short
Lighter MSTR	+0.0160%	1h	162.22	−0.062%	$3.4M	$1.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	162.16	−0.098%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0197%	8h	162.27	−0.031%	$83.8M	$626.0M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0210%	8h	162.40	+0.052%	$79K	$831K	10x	as long as short
BloFin MSTR-USDT	+0.0317%	8h	162.41	+0.056%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0357%	1h	162.25	−0.043%	$54.0M	$37.3M	10x	as long as short
Phoenix MSTR	+0.0362%	1h	162.41	+0.056%	$55K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0371%	8h	162.34	+0.012%	$16.6M	$41.4M	50x	as long as short
Nado MSTR-PERP	+0.0378%	1h	162.24	−0.047%	$130K	$157K	3x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0737%	1h	162.34	+0.012%	$276K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0858%	4h	162.53	+0.131%	$48K	$5.4M	10x	as long as short