MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%

Price spread now: Polymarket Perps against ApeX Omni+0.171%63s7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as 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−$1181.179% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.171%, 7d avg −0.020%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.192% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of −0.020%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you. The two prices were read 63 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	169.29	0.0100	pay 0.0013% / 1h	55m 53s	$4K	$223K	50x
Short	Polymarket Perps MSTR-USD	169.58	0.0050	get 0.0006% / 1h	55m 53s	$400K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$10.5
Price spread: +0.171% → −0.020%: $19.16
Slippage, 4 orders: −$99.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$109.29
Costs to cover: 1.179%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; Polymarket Perps: live order book, 3 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, 28 min ago	2.96 bp	57.5 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	3.54 bp	7.8 bp −$8	9.2 bp −$92	12.5 bp −$1,248	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
Nado MSTR-PERP	−0.0072%	1h	169.58	+0.173%	$140K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.45	+0.094%	$1.3M	$6.1M	50x	as long as short
Bybit MSTRUSDT	0.0000%	8h	169.66	+0.219%	$15.2M	$39.9M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.59	+0.177%	$22.0M	$104.7M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.56	+0.159%	$4.7M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.48	+0.112%	$2.9M	$66K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	169.63	+0.202%	$1.2M	$2.4M	—	as long as short
Lighter MSTR	+0.0032%	1h	169.53	+0.142%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.48	+0.110%	$581K	$1.7M	10x	as long as short
Bitget MSTRUSDT	+0.0035%	8h	169.61	+0.189%	$28.7M	$116.2M	25x	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	+0.0035%	1h	169.56	+0.159%	$1.5M	$10.2M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.70	+0.242%	$27K	$122K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.82	+0.313%	—	$2.1M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0046%	8h	169.55	+0.155%	$77K	$871K	10x	as long as short
Polymarket Perps MSTR-USDshort	+0.0050%	1h	169.58	+0.171%	$400K	$2.7M	10x
SoDEX MSTR-USD	+0.0050%	1h	169.58	+0.171%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.73	+0.260%	$765K	$5.1M	10x	as long as short
BloFin MSTR-USDT	+0.0057%	8h	169.81	+0.307%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0073%	8h	169.60	+0.183%	$89.6M	$624.2M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.319%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0095%	8h	169.58	+0.173%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.55	+0.152%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.51	+0.130%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	169.29	long leg	$4K	$223K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.59	+0.177%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.58	+0.170%	$141	—	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.49	+0.118%	$13K	$21K	30x	as long as short
Phoenix MSTR	+0.0260%	1h	169.47	+0.108%	$57K	$384K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0306%	1h	169.65	+0.213%	$57.3M	$37.0M	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.59	+0.174%	$276K	$440K	10x	as long as short
edgeX MSTRUSDC	+0.0365%	4h	169.54	+0.148%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0458%	1h	169.62	+0.195%	$288K	$438K	10x	as long as short