Funding you earn now, next payment 05:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.035%
Price spread now: tradeXYZ against ApeX Omni+0.018%45s7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as 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−$1121.123% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.018%, 7d avg −0.041%
=Together, before fees−0.063%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.059% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.041%. The two prices were read 45 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 | 163.89 | 0.0100 | pay 0.0013% / 1h | 16m 46s | $6K | $182K | 50x |
| Short | tradeXYZ xyz:MSTR | 163.92 | 0.0261 | get 0.0033% / 1h | 16m 46s | $54.6M | $37.1M | 10x |
ApeX Omni MSTRUSDT
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $33.78
- Price spread: +0.018% → −0.041%
- $5.89
- Slippage, 4 orders
- −$84.33
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$72.66
- Costs to cover
- 1.123%
- Break-even
- 22.1 days
Slippage from ApeX Omni: live order book, 47 min ago; tradeXYZ: live order book, 13 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, 47 min ago | 3.04 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 13 min ago | 0.61 bp | 11.1 bp −$11 | 13.0 bp −$130 | 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 | −0.0943% | 8h | 164.10 | +0.128% | $27.2M | $116.5M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.02 | +0.077% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.07 | +0.110% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.21 | +0.195% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.94 | +0.031% | $3.5M | $2.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.83 | −0.037% | $601K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.325% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.10 | +0.128% | $26K | $110K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.92 | +0.018% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0046% | 8h | 163.98 | +0.055% | $20.8M | $99.1M | 50x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
OKX MSTR-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.06 | +0.104% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.11 | +0.134% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.80 | −0.055% | $849K | $3.9M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 164.09 | +0.122% | $1.4M | $7.3M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0069% | 8h | 163.95 | +0.034% | $66 | — | 5x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.92 | +0.018% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.92 | +0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTlong | +0.0100% | 1h | 163.89 | long leg | $6K | $182K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.11 | +0.134% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0102% | 8h | 164.03 | +0.083% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.13 | +0.145% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0165% | 8h | 163.97 | +0.049% | $86.4M | $618.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0166% | 8h | 164.07 | +0.107% | $76K | $826K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | −0.006% | $1.4M | $1.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.15 | +0.159% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0250% | 1h | 163.98 | +0.052% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0261% | 1h | 163.92 | +0.018% | $54.6M | $37.1M | 10x | |
| BloFin MSTR-USDT | +0.0285% | 8h | 164.05 | +0.098% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0320% | 8h | 164.04 | +0.092% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 164.02 | +0.077% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0400% | 4h | 163.93 | +0.022% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0665% | 1h | 164.15 | +0.159% | $279K | $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
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
RISEx MSTR/USDC
Nado MSTR-PERP
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL