MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.001%

Price spread now: Coinbase International against ApeX Omni−0.219%75s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$950.953% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 3 days (all we have)+0.252%+$25 · spread now −0.219%, 7d avg −0.063%

Together, before fees+0.409%+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.156% cheaper against ApeX Omni than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSTRUSDT	169.03	0.0100	pay 0.0013% / 1h	28m 18s	$4K	$552K	50x
Short	Coinbase International MSTR-PERP-INTX	168.66	0.0056	get 0.0007% / 1h	28m 18s	$1.5M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.219%Rate

Funding earned: −$9.24
Price spread: −0.219% → −0.063%: −$15.61
Slippage, 4 orders: −$75.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$120.2
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; Coinbase International: live order book, just now.

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, 1 min ago	2.96 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, just now	5.63 bp	11.8 bp −$12	18.0 bp −$180	doesn't fit	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
Nado MSTR-PERP	−0.0115%	1h	168.67	−0.212%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	−0.0002%	8h	168.83	−0.118%	$1.1M	$1.8M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.71	−0.190%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	168.71	−0.188%	$88.2M	$629.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.65	−0.225%	$22.0M	$106.6M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	168.82	−0.122%	$275K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.73	−0.177%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.91	−0.072%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	168.72	−0.184%	$83K	$935K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.72	−0.183%	$2.8M	$62K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0026%	8h	168.66	−0.219%	$28.8M	$119.7M	25x	as long as short
Lighter MSTR	+0.0032%	1h	168.62	−0.243%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.62	−0.242%	$585K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0042%	1h	168.81	−0.130%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.76	−0.160%	—	$2.1M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	168.73	−0.177%	$402K	$2.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	168.64	−0.231%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.64	−0.231%	$741K	$5.2M	10x	as long as short
Bybit MSTRUSDT	+0.0053%	8h	168.68	−0.207%	$15.1M	$40.9M	50x	as long as short
Coinbase International MSTR-PERP-INTXshort	+0.0056%	1h	168.66	−0.219%	$1.5M	$1.2M	10x
tradeXYZ xyz:MSTR	+0.0067%	1h	168.67	−0.213%	$56.8M	$38.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0069%	8h	168.73	−0.179%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	168.76	−0.162%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.71	−0.189%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	169.03	long leg	$4K	$552K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.68	−0.207%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.66	−0.217%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.01	−0.010%	$57K	$394K	10x	as long as short
edgeX MSTRUSDC	+0.0278%	4h	169.05	+0.011%	$47K	$5.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.29	+0.154%	$13K	$22K	30x	as long as short
Arcus MSTR-USD	+0.0457%	1h	168.86	−0.101%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0699%	1h	168.78	−0.148%	$287K	$439K	10x	as long as short