Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h +0.037%

Price spread now: Binance against ApeX Omni+0.071%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1111.115% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 2 days (all we have)+0.010%+$1 · spread now +0.071%, 7d avg +0.028%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.043% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of +0.028%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSTRUSDT	169.29	0.0100	pay 0.0013% / 1h	58m 54s	$4K	$223K	50x
Short	Binance MSTRUSDT	169.41	0.0065	get 0.0065% / 8h	7h 58m	$89.4M	$628.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.071%Rate

Funding earned: −$7.41
Price spread: +0.071% → +0.028%: $4.28
Slippage, 4 orders: −$91.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$114.62
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; Binance: live order book, 15 min ago.

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 ApeX Omni live order book, 25 min ago	2.96 bp	57.5 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.30 bp	5.6 bp −$6	8.8 bp −$88	24.6 bp −$2,457	113.8 bp −$56.9K

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
Aster MSTRUSDT	0.0000%	8h	169.41	+0.073%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.48	+0.112%	$15.2M	$40.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.42	+0.077%	$21.9M	$105.8M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.47	+0.106%	$4.7M	$18.7M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.44	+0.090%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.43	+0.083%	$2.9M	$66K	10x	as long as short
Nado MSTR-PERP	+0.0027%	1h	169.51	+0.129%	$140K	$97K	3x	as long as short
Bitget MSTRUSDT	+0.0031%	8h	169.44	+0.089%	$28.7M	$117.6M	25x	as long as short
Lighter MSTR	+0.0032%	1h	169.43	+0.083%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.48	+0.110%	$581K	$1.7M	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	169.73	+0.260%	—	$2.1M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0046%	8h	169.55	+0.155%	$77K	$871K	10x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.50	+0.124%	$1.5M	$10.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	169.49	+0.118%	$57.2M	$36.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.49	+0.118%	$400K	$2.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.45	+0.095%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.23	−0.035%	$764K	$5.2M	10x	as long as short
Binance MSTRUSDTshort	+0.0065%	8h	169.41	+0.071%	$89.4M	$628.8M	50x
BloFin MSTR-USDT	+0.0085%	8h	169.47	+0.106%	$1.1M	$1.9M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.319%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0093%	8h	169.54	+0.149%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.56	+0.157%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.40	+0.065%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	169.29	long leg	$4K	$223K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.40	+0.065%	$3K	$9K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.56	+0.158%	$141	—	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	168.88	−0.242%	$13K	$21K	30x	as long as short
Phoenix MSTR	+0.0260%	1h	169.45	+0.094%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.57	+0.165%	$276K	$440K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0400%	1h	169.40	+0.065%	$288K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0455%	4h	169.46	+0.099%	$48K	$5.5M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.50	+0.124%	$27K	$129K	10x	as long as short