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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.185%
Price spread now: edgeX against ApeX Omni+0.227%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1321.319% of the position
Long on ApeX OmniShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.093%+$9 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.227%, 7d avg +0.012%
Together, before fees−0.041%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.215% dearer against ApeX Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MSTRUSDT163.280.0100pay 0.0013% / 1h45m 13s$6K$182K50x
ShortedgeX MSTRUSDC163.650.0570get 0.0285% / 4h3h 45m$47K$5.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$98.74
Price spread: +0.227% → +0.012%
$21.48
Slippage, 4 orders
−$112.85
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$11.63
Costs to cover
1.319%
Break-even
7.8 days
Slippage from ApeX Omni: live order book, 64 min ago; edgeX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 64 min ago3.06 bp41.0 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 4 min ago5.20 bp10.3 bp −$1017.3 bp −$173doesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0198%8h163.45+0.104%$30.2M$118.5M25xas long as short
Phemex MSTRUSDT0.0000%4h163.44+0.098%$2.7M$85K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.18−0.061%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.711%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.47+0.116%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.25−0.018%—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.15−0.080%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.42+0.086%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.39+0.067%$892K$3.7M10xas long as short
QFEX MSTR-USD+0.0061%1h163.31+0.018%$1.3M$7.0M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica MSTR+0.0100%1h163.35+0.041%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.40+0.073%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTlong+0.0100%1h163.28long leg$6K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.46+0.110%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.44+0.098%$136—10xas long as short
Gate MSTR_USDT+0.0112%8h163.48+0.122%$4.7M$18.5M50xas long as short
Lighter MSTR+0.0120%1h163.36+0.049%$3.5M$1.7M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.404%$1.4M$1.1M10xas long as short
Aster MSTRUSDT+0.0121%8h163.41+0.080%$1.8M$8.7M50xas long as short
Paradex MSTR-USD-PERP+0.0164%8h163.38+0.060%$65—5xas long as short
Nado MSTR-PERP+0.0174%1h163.17−0.066%$125K$165K3xas long as short
OKX MSTR-USDT-SWAP+0.0230%8h163.44+0.098%$20.9M$99.4M50xas long as short
Variational Omni MSTR+0.0237%8h163.36+0.048%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0316%8h163.37+0.055%$84.1M$619.0M50xas long as short
RISEx MSTR/USDC+0.0400%1h163.40+0.073%$268K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0427%1h163.37+0.055%$53.9M$37.6M10xas long as short
BloFin MSTR-USDT+0.0436%8h163.49+0.129%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.65+0.225%$56K$223K10xas long as short
edgeX MSTRUSDCshort+0.0570%4h163.65+0.227%$47K$5.4M10x
Bybit MSTRUSDT+0.0632%8h163.44+0.098%$17.1M$41.3M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0914%1h163.38+0.061%$278K$432K10xas long as short
GRVT MSTR_USDT_Perp+0.1038%8h163.62+0.210%$80K$848K10xas long as short