Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Pacifica against ApeX Omni−0.183%51s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as 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−$1711.715% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.183%, 7d avg −0.012%

Together, before fees+0.131%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.171% cheaper against ApeX Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 51 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	167.76	0.0100	pay 0.0013% / 1h	12m 31s	$4K	$204K	50x
Short	Pacifica MSTR	167.45	0.0100	get 0.0013% / 1h	12m 31s	$104K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.183%Rate

Funding earned: $0
Price spread: −0.183% → −0.012%: −$17.14
Slippage, 4 orders: −$153.49
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$188.63
Costs to cover: 1.715%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 6 min ago; Pacifica: live order book, 60 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, 6 min ago	14.60 bp	98.9 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 60 min ago	1.33 bp	8.6 bp −$9	doesn't fit	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	−0.0116%	8h	167.47	−0.173%	$4.7M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	167.48	−0.164%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	167.35	−0.244%	$21.6M	$99.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	167.46	−0.179%	$27.8M	$113.2M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.08	+0.190%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	167.91	+0.089%	$85K	$812K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.60	−0.095%	$2.8M	$67K	10x	as long as short
Binance MSTRUSDT	+0.0011%	8h	167.41	−0.207%	$88.0M	$613.4M	50x	as long as short
Nado MSTR-PERP	+0.0016%	1h	167.34	−0.252%	$136K	$128K	3x	as long as short
Lighter MSTR	+0.0032%	1h	167.38	−0.227%	$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	167.25	−0.307%	$578K	$1.8M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	167.43	−0.197%	$1.4M	$8.8M	10x	as long as short
BloFin MSTR-USDT	+0.0037%	8h	167.61	−0.089%	$1.1M	$1.9M	20x	as long as short
Arcus MSTR-USD	+0.0040%	1h	167.88	+0.072%	$27K	$116K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	167.33	−0.256%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	167.37	−0.232%	$393K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	167.52	−0.143%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	167.45	−0.185%	$766K	$4.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.06	+0.179%	$1.4M	$1.1M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	167.45	−0.183%	$104K	$84K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	167.40	−0.215%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	167.76	long leg	$4K	$204K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	167.57	−0.113%	$3K	$7K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0104%	8h	167.38	−0.228%	$67	—	5x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	167.54	−0.128%	$139	—	10x	as long as short
Bybit MSTRUSDT	+0.0188%	8h	167.50	−0.155%	$16.0M	$39.5M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0230%	1h	167.35	−0.244%	$56.6M	$36.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.942%	$8K	$26K	30x	as long as short
Phoenix MSTR	+0.0259%	1h	168.22	+0.274%	$56K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	167.45	−0.185%	$273K	$433K	10x	as long as short
edgeX MSTRUSDC	+0.0370%	4h	167.92	+0.093%	$45K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0945%	1h	167.57	−0.113%	$285K	$438K	10x	as long as short