Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.013%
Price spread now: Extended against ApeX Omni+0.076%52s7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as 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−$1051.045% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.076%, 7d avg −0.079%
=Together, before fees−0.332%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.156% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.079%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you. The two prices were read 52 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 | 164.45 | 0.0100 | pay 0.0013% / 1h | 44m 27s | $6K | $185K | 50x |
| Short | Extended MSTR_24_5-USD | 164.57 | 0.0032 | get 0.0004% / 1h | 44m 27s | $595K | $1.9M | 10x |
ApeX Omni MSTRUSDT
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.28
- Price spread: +0.076% → −0.079%
- $15.55
- Slippage, 4 orders
- −$89.54
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$103.27
- Costs to cover
- 1.045%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 25 min ago; Extended: live order book, 4 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 | 3.02 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 1.82 bp | 5.8 bp −$6 | 22.3 bp −$223 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0836% | 8h | 164.89 | +0.268% | $27.7M | $115.0M | 25x | as long as short |
| Gate MSTR_USDT | −0.0044% | 8h | 164.81 | +0.219% | $4.6M | $18.4M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.67 | +0.133% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.72 | +0.164% | $2.8M | $72K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0010% | 8h | 164.68 | +0.140% | $20.6M | $99.8M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.60 | +0.091% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 164.57 | +0.076% | $595K | $1.9M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.974% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.71 | +0.158% | $267K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.78 | +0.201% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.65 | +0.122% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.70 | +0.152% | $381K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.63 | +0.109% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.52 | +0.043% | $866K | $4.1M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.68 | +0.140% | $1.4M | $7.5M | 10x | as long as short |
| Variational Omni MSTR | +0.0063% | 8h | 164.69 | +0.149% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.68 | +0.143% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.60 | +0.091% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTlong | +0.0100% | 1h | 164.45 | long leg | $6K | $185K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.73 | +0.170% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.72 | +0.163% | $137 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0125% | 8h | 164.71 | +0.159% | $88.0M | $617.7M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 164.60 | +0.094% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0159% | 8h | 164.81 | +0.218% | $78K | $770K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.77 | +0.195% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.56 | +0.066% | $56K | $226K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0244% | 8h | 164.67 | +0.134% | $1.0M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.0250% | 1h | 164.70 | +0.152% | $55.0M | $36.9M | 10x | as long as short |
| Nado MSTR-PERP | +0.0281% | 1h | 164.54 | +0.056% | $122K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0367% | 8h | 164.83 | +0.231% | $17.1M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0537% | 4h | 164.68 | +0.137% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0601% | 1h | 164.73 | +0.170% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
BloFin MSTR-USDT
tradeXYZ xyz:MSTR
Nado MSTR-PERP
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL