Funding you earn now, next payment 03:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.003%
Price spread now: ApeX Omni against GRVT−0.073%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$910.912% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.073%, 7d avg −0.022%
=Together, before fees+0.047%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.051% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MSTR_USDT_Perp | 164.63 | 0.0164 | pay 0.0164% / 8h | 5h 32m | $77K | $763K | 10x |
| Short | ApeX Omni MSTRUSDT | 164.51 | 0.0100 | get 0.0013% / 1h | 32m 53s | $4K | $184K | 50x |
GRVT MSTR_USDT_Perp
ApeX Omni MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against GRVT. 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
- −$13.44
- Price spread: −0.073% → −0.022%
- −$5.13
- Slippage, 4 orders
- −$72.22
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$109.78
- Costs to cover
- 0.912%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 30 min ago; ApeX Omni: live order book, 41 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 GRVT live order book, 30 min ago | 1.52 bp | 7.1 bp −$7 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 41 min ago | 3.03 bp | 40.2 bp −$40 | 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 | −0.1263% | 8h | 164.91 | +0.170% | $27.7M | $114.3M | 25x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.67 | +0.026% | $1.8M | $8.4M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 164.81 | +0.109% | $20.9M | $99.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.91 | +0.170% | $4.6M | $18.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.72 | +0.054% | $2.8M | $71K | 10x | as long as short |
| Variational Omni MSTR | +0.0029% | 8h | 164.54 | −0.053% | $1.2M | $2.1M | — | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.72 | +0.054% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.66 | +0.021% | $594K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +2.861% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.55 | −0.049% | $26K | $112K | 10x | as long as short |
Bitget MSTRUSDT
Aster MSTRUSDT
OKX MSTR-USDT-SWAP
Gate MSTR_USDT
Phemex MSTRUSDT
Variational Omni MSTR
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.58 | −0.031% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.65 | +0.012% | $384K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.74 | +0.067% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.35 | −0.170% | $855K | $4.2M | 10x | as long as short |
| QFEX MSTR-USD | +0.0060% | 1h | 164.72 | +0.054% | $1.4M | $7.6M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0076% | 1h | 164.73 | +0.060% | $54.9M | $36.7M | 10x | as long as short |
| Binance MSTRUSDT | +0.0097% | 8h | 164.84 | +0.127% | $88.4M | $618.5M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.72 | +0.052% | $101K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.69 | +0.036% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.0100% | 1h | 164.51 | −0.073% | $4K | $184K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.74 | +0.067% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.75 | +0.071% | $137 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0146% | 8h | 164.67 | +0.022% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perplong | +0.0164% | 8h | 164.63 | long leg | $77K | $763K | 10x | |
| Coinbase International MSTR-PERP-INTX | +0.0200% | 1h | 164.09 | −0.328% | $1.4M | $1.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0217% | 8h | 164.78 | +0.091% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0221% | 1h | 164.53 | −0.063% | $122K | $149K | 3x | as long as short |
| RISEx MSTR/USDC | +0.0291% | 1h | 164.75 | +0.075% | $270K | $447K | 10x | as long as short |
| Phoenix MSTR | +0.0336% | 1h | 164.64 | +0.008% | $56K | $227K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0350% | 8h | 164.92 | +0.176% | $17.2M | $40.7M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0681% | 4h | 164.52 | −0.066% | $49K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0965% | 1h | 164.82 | +0.115% | $280K | $438K | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
tradeXYZ xyz:MSTR
Binance MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
BloFin MSTR-USDT
Nado MSTR-PERP
RISEx MSTR/USDC
Phoenix MSTR
Bybit MSTRUSDT
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL