MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0491%/8h= +53.7% APRnext payment +$0.61 per $10,000 · paid last 24h +0.185%

Price spread now: Deribit against ApeX Omni−0.263%74s7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1791.790% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.481%+$48 on $10k

Price spread, last 3 days (all we have)+0.372%+$37 · spread now −0.263%, 7d avg +0.044%

Together, before fees+0.852%+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.307% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.263% now, against its 7-day average of +0.044%). If the spread goes back, that is −$31 on $10k: about 2.1 days of funding at the current rate (+$15 a day). The two prices were read 74 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	167.13	0.0100	pay 0.0013% / 1h	6m 08s	$4K	$204K	50x
Short	Deribit MSTR_USDC-PERPETUAL	166.69	0.0591	get 0.0074% / 1h	6m 08s	$283K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.263%Rate

Funding earned: $103.02
Price spread: −0.263% → +0.044%: −$30.7
Slippage, 4 orders: −$161.96
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$106.63
Costs to cover: 1.790%
Break-even: 14.2 days

Slippage from ApeX Omni: live order book, 13 min ago; Deribit: live order book, 3 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, 13 min ago	14.60 bp	98.9 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	7.19 bp	10.7 bp −$11	12.3 bp −$123	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
Gate MSTR_USDT	−0.0188%	8h	166.79	−0.203%	$4.7M	$19.2M	50x	as long as short
BloFin MSTR-USDT	−0.0014%	8h	166.79	−0.203%	$1.1M	$1.9M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	166.79	−0.205%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	166.71	−0.248%	$87.6M	$614.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	166.75	−0.227%	$21.5M	$99.4M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.81	−0.191%	$27.7M	$113.8M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	166.78	−0.207%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	167.28	+0.093%	$84K	$812K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.16	+0.018%	$2.8M	$67K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.60	−0.317%	$3.5M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	166.51	−0.371%	$575K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	166.71	−0.251%	$1.4M	$8.6M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	167.16	+0.018%	$27K	$115K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.56	−0.341%	—	$1.7M	25x	as long as short
Nado MSTR-PERP	+0.0047%	1h	166.64	−0.292%	$135K	$128K	3x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.62	−0.305%	$391K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.68	−0.269%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.72	−0.245%	$773K	$4.8M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	166.74	−0.233%	$1.4M	$1.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.76	−0.221%	$103K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.73	−0.239%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	167.13	long leg	$4K	$204K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.80	−0.197%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.74	−0.236%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0106%	8h	166.70	−0.259%	$67	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+1.322%	$8K	$26K	30x	as long as short
Bybit MSTRUSDT	+0.0237%	8h	166.74	−0.233%	$15.9M	$39.5M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0237%	1h	166.72	−0.245%	$56.4M	$35.8M	10x	as long as short
Phoenix MSTR	+0.0259%	1h	167.42	+0.174%	$56K	$384K	10x	as long as short
edgeX MSTRUSDC	+0.0265%	4h	167.38	+0.151%	$43K	$5.4M	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	166.77	−0.218%	$272K	$433K	10x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0591%	1h	166.69	−0.263%	$283K	$438K	10x