Funding you earn now, next payment 05:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h −0.003%
Price spread now: GRVT against ApeX Omni+0.161%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1111.109% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.161%, 7d avg +0.024%
=Together, before fees−0.139%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.136% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSTRUSDT | 163.67 | 0.0100 | pay 0.0013% / 1h | 2m 03s | $6K | $182K | 50x |
| Short | GRVT MSTR_USDT_Perp | 163.93 | 0.0149 | get 0.0149% / 8h | 3h 02m | $83K | $824K | 10x |
ApeX Omni MSTRUSDT
GRVT MSTR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $10.29
- Price spread: +0.161% → +0.024%
- $13.63
- Slippage, 4 orders
- −$91.93
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$87.01
- Costs to cover
- 1.109%
- Break-even
- 66.2 days
Slippage from ApeX Omni: live order book, 62 min ago; GRVT: live order book, 51 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, 62 min ago | 3.04 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 51 min ago | 1.22 bp | 8.2 bp −$8 | 12.6 bp −$126 | 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 | −0.0972% | 8h | 163.81 | +0.086% | $27.1M | $116.6M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 163.60 | −0.042% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.70 | +0.018% | $4.6M | $19.3M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.87 | +0.122% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.60 | −0.043% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.55 | −0.073% | $599K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.464% | $8K | $26K | 30x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0040% | 8h | 163.63 | −0.024% | $20.7M | $99.0M | 50x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.88 | +0.128% | $26K | $109K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.46 | −0.128% | — | $1.7M | 25x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
OKX MSTR-USDT-SWAP
Arcus MSTR-USD
Vest MSTR-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.62 | −0.031% | $379K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.61 | −0.037% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.77 | +0.061% | $817K | $4.0M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.68 | +0.006% | $1.4M | $7.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0075% | 8h | 163.68 | +0.004% | $65 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0091% | 8h | 163.89 | +0.132% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.66 | −0.009% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.63 | −0.024% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTlong | +0.0100% | 1h | 163.67 | long leg | $6K | $182K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.66 | −0.006% | $4K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.67 | −0.002% | $136 | — | 10x | as long as short |
| GRVT MSTR_USDT_Perpshort | +0.0149% | 8h | 163.93 | +0.161% | $83K | $824K | 10x | |
| Binance MSTRUSDT | +0.0156% | 8h | 163.59 | −0.052% | $85.8M | $618.9M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.57 | −0.061% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 163.72 | +0.031% | $265K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0238% | 1h | 163.60 | −0.041% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0251% | 1h | 163.61 | −0.037% | $54.5M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0277% | 8h | 163.71 | +0.024% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0310% | 8h | 163.66 | −0.006% | $16.6M | $41.2M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.96 | +0.178% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0369% | 4h | 163.85 | +0.109% | $48K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0484% | 1h | 163.70 | +0.018% | $278K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Paradex MSTR-USD-PERP
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL