MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.015%

Price spread now: Injective against ApeX Omni+3.597%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 3.597% dearer against ApeX Omni than usual: you sell high and buy low (spread +3.597% now, against zero (this spread has no 7-day history yet)): +$360 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months. At the pace of the last 7 days (−0.057% in total) that is about 15 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSTRUSDT	163.46	0.0100	pay 0.0013% / 1h	50m 01s	$6K	$182K	50x
Short	Injective MSTR/USDC PERP	169.34	0.0033	get 0.0004% / 1h	50m 01s	$8K	$25K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +3.597%Rate

Funding earned: −$14
Price spread: +3.597% → 0.000%: $359.72
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $335.7
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 59 min ago; Injective: no order-book sample. Net counts fees only.

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, 59 min ago	3.06 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0264%	8h	163.68	+0.135%	$30.0M	$118.7M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.56	+0.061%	$2.8M	$85K	10x	as long as short
Gate MSTR_USDT	+0.0009%	8h	163.66	+0.122%	$4.7M	$18.4M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.40	−0.036%	$592K	$2.0M	10x	as long as short
Injective MSTR/USDC PERPshort	+0.0033%	1h	169.34	+3.597%	$8K	$25K	30x
Arcus MSTR-USD	+0.0040%	1h	163.73	+0.165%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.65	+0.116%	—	$1.7M	25x	as long as short
Lighter MSTR	+0.0048%	1h	163.48	+0.012%	$3.5M	$1.7M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.50	+0.024%	$378K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.77	+0.190%	$892K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0061%	1h	163.64	+0.110%	$1.4M	$7.1M	10x	as long as short
SoDEX MSTR-USD	+0.0095%	1h	163.49	+0.018%	$43K	$3K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.71	+0.150%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.59	+0.080%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	163.46	long leg	$6K	$182K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.38	−0.049%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.51	+0.033%	$136	—	10x	as long as short
Aster MSTRUSDT	+0.0107%	8h	163.59	+0.080%	$1.8M	$8.7M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.62	−0.514%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0128%	1h	163.52	+0.037%	$125K	$165K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0140%	8h	163.70	+0.148%	$65	—	5x	as long as short
Variational Omni MSTR	+0.0218%	8h	163.95	+0.299%	$1.2M	$2.0M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0218%	8h	163.65	+0.116%	$20.9M	$99.5M	50x	as long as short
Binance MSTRUSDT	+0.0302%	8h	163.59	+0.079%	$84.3M	$619.0M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0380%	1h	163.58	+0.073%	$54.0M	$37.5M	10x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	163.69	+0.139%	$269K	$417K	10x	as long as short
BloFin MSTR-USDT	+0.0417%	8h	163.94	+0.294%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0460%	1h	163.66	+0.125%	$56K	$223K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0484%	1h	163.53	+0.043%	$278K	$432K	10x	as long as short
Bybit MSTRUSDT	+0.0499%	8h	163.61	+0.092%	$17.1M	$41.3M	50x	as long as short
edgeX MSTRUSDC	+0.0834%	4h	163.62	+0.097%	$47K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0900%	8h	163.72	+0.160%	$80K	$838K	10x	as long as short