MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.013%

Price spread now: ApeX Omni against Extended+0.265%52s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as 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−$1041.042% of the position

Long on Extended Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.265%, 7d avg +0.079%

Together, before fees−0.010%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.186% dearer against Extended than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour. The two prices were read 52 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	Extended MSTR_24_5-USD	164.12	0.0032	pay 0.0004% / 1h	50m 45s	$593K	$1.9M	10x
Short	ApeX Omni MSTRUSDT	164.55	0.0100	get 0.0013% / 1h	50m 45s	$6K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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 ExtendedbpFee ApeX OmnibpOrdersPrice spread, now +0.265%Rate

Funding earned: $14.28
Price spread: +0.265% → +0.079%: $18.56
Slippage, 4 orders: −$89.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$71.32
Costs to cover: 1.042%
Break-even: 42.0 days

Slippage from Extended: live order book, 3 min ago; ApeX Omni: 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 Extended live order book, 3 min ago	3.34 bp	6.8 bp −$7	22.7 bp −$227	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 13 min ago	3.04 bp	44.3 bp −$44	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
Bitget MSTRUSDT	−0.0884%	8h	164.49	+0.228%	$27.9M	$115.3M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.31	+0.120%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.33	+0.131%	$4.6M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.50	+0.235%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0028%	8h	164.34	+0.137%	$20.7M	$99.5M	50x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	164.12	long leg	$593K	$1.9M	10x
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.184%	$8K	$26K	30x	as long as short
Lighter MSTR	+0.0040%	1h	164.24	+0.076%	$3.5M	$1.9M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.61	+0.302%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.36	+0.149%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	164.41	+0.180%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.42	+0.186%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.30	+0.113%	$858K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.41	+0.180%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0100%	8h	164.47	+0.214%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.29	+0.104%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.24	+0.076%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	164.55	+0.265%	$6K	$186K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.43	+0.192%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.45	+0.204%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0139%	8h	164.25	+0.085%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0159%	8h	164.32	+0.122%	$86.7M	$615.9M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	+0.003%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0171%	8h	164.74	+0.381%	$82K	$792K	10x	as long as short
edgeX MSTRUSDC	+0.0179%	4h	164.56	+0.271%	$49K	$5.3M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0221%	1h	164.31	+0.119%	$54.7M	$37.0M	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.31	+0.117%	$266K	$445K	10x	as long as short
Nado MSTR-PERP	+0.0232%	1h	164.37	+0.153%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.44	+0.198%	$1.0M	$2.0M	20x	as long as short
Phoenix MSTR	+0.0340%	1h	164.59	+0.288%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0342%	8h	164.34	+0.137%	$16.9M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0845%	1h	164.51	+0.241%	$280K	$438K	10x	as long as short