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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.082%
Price spread now: ApeX Omni against Arcus−0.147%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1331.330% of the position
Long on ArcusShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.008%−$1 on $10k
Price spread, last 4 days (all we have)+0.542%+$54 · spread now −0.147%, 7d avg −0.025%
Together, before fees+0.534%+$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.122% cheaper against Arcus than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.025%). If the spread goes back, that is −$12 on $10k: about 6.8 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus MSTR-USD163.700.0040pay 0.0005% / 1h49m 05s$26K$114K10x
ShortApeX Omni MSTRUSDT163.460.0100get 0.0013% / 1h49m 05s$6K$182K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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

Funding earned
$12.54
Price spread: −0.147% → −0.025%
−$12.16
Slippage, 4 orders
−$118.48
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$132.6
Costs to cover
1.330%
Break-even
81.0 days
Slippage from Arcus: live order book, 49 min ago; ApeX Omni: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 49 min ago8.25 bp11.6 bp −$1243.8 bp −$438doesn't fitdoesn't fit
Sell ApeX Omni live order book, 60 min ago3.06 bp69.9 bp −$70doesn't fitdoesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0251%8h163.72+0.012%$30.1M$118.6M25xas long as short
Phemex MSTRUSDT0.0000%4h163.58−0.073%$2.8M$85K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.44−0.156%$592K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.445%$8K$25K30xas long as short
Arcus MSTR-USDlong+0.0040%1h163.70long leg$26K$114K10x
Vest MSTR-USD-PERP+0.0046%1h163.52−0.110%—$1.7M25xas long as short
Lighter MSTR+0.0048%1h163.51−0.116%$3.5M$1.7M10xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.38−0.195%$378K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77+0.043%$892K$3.7M10xas long as short
Gate MSTR_USDT+0.0055%8h163.68−0.012%$4.7M$18.4M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0059%1h163.60−0.061%$43K$3K10xas long as short
QFEX MSTR-USD+0.0061%1h163.60−0.061%$1.3M$7.1M10xas long as short
Pacifica MSTR+0.0100%1h163.64−0.036%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.57−0.079%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTshort+0.0100%1h163.46−0.147%$6K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.66−0.024%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.63−0.041%$136—10xas long as short
Aster MSTRUSDT+0.0112%8h163.60−0.059%$1.8M$8.7M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.660%$1.4M$1.1M10xas long as short
Nado MSTR-PERP+0.0136%1h163.37−0.204%$125K$165K3xas long as short
Paradex MSTR-USD-PERP+0.0145%8h163.62−0.051%$65—5xas long as short
Variational Omni MSTR+0.0218%8h163.95+0.151%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0222%8h163.58−0.073%$20.9M$99.4M50xas long as short
Binance MSTRUSDT+0.0306%8h163.58−0.073%$84.3M$619.1M50xas long as short
RISEx MSTR/USDC+0.0400%1h163.61−0.054%$269K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0400%1h163.54−0.098%$53.9M$37.5M10xas long as short
BloFin MSTR-USDT+0.0426%8h163.60−0.061%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h163.66−0.022%$56K$223K10xas long as short
Bybit MSTRUSDT+0.0585%8h163.60−0.061%$17.1M$41.3M50xas long as short
edgeX MSTRUSDC+0.0834%4h163.62−0.050%$47K$5.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0900%8h163.72+0.013%$80K$838K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0974%1h163.65−0.031%$278K$432K10xas long as short