Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica+0.014%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1051.050% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 4 days (all we have)+0.175%+$17 · spread now +0.014%, 7d avg +0.009%

Together, before fees+0.120%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MSTR	164.12	0.0100	pay 0.0013% / 1h	31m 08s	$100K	$83K	10x
Short	ApeX Omni MSTRUSDT	164.14	0.0100	get 0.0013% / 1h	31m 08s	$6K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.009%: $0.49
Slippage, 4 orders: −$87
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$104.51
Costs to cover: 1.050%
Break-even: never at this rate

Slippage from Pacifica: live order book, 21 min ago; ApeX Omni: live order book, 33 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 Pacifica live order book, 21 min ago	0.03 bp	4.1 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 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	−0.0917%	8h	164.45	+0.203%	$27.9M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.25	+0.081%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.38	+0.160%	$4.6M	$19.0M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.29	+0.106%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.18	+0.039%	$589K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.183%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.23	+0.069%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.04	−0.047%	—	$1.7M	25x	as long as short
Lighter MSTR	+0.0048%	1h	164.26	+0.087%	$3.5M	$1.9M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.26	+0.087%	$380K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.22	+0.063%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.12	+0.002%	$868K	$3.9M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0050%	8h	164.34	+0.136%	$20.8M	$99.2M	50x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.14	+0.014%	$1.4M	$7.3M	10x	as long as short
Pacifica MSTRlong	+0.0100%	1h	164.12	long leg	$100K	$83K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	164.20	+0.051%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	164.14	+0.014%	$6K	$182K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.31	+0.118%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.33	+0.130%	$136	—	10x	as long as short
Variational Omni MSTR	+0.0108%	8h	164.33	+0.128%	$1.2M	$2.1M	—	as long as short
Paradex MSTR-USD-PERP	+0.0141%	8h	164.07	−0.028%	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.11	−0.004%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0169%	8h	164.33	+0.130%	$86.7M	$616.4M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0171%	8h	164.30	+0.111%	$82K	$814K	10x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.19	+0.043%	$266K	$445K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0262%	1h	164.29	+0.106%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0264%	1h	164.16	+0.027%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0289%	8h	164.32	+0.124%	$1.0M	$2.0M	20x	as long as short
Phoenix MSTR	+0.0340%	1h	164.14	+0.012%	$56K	$226K	10x	as long as short
Bybit MSTRUSDT	+0.0340%	8h	164.41	+0.179%	$16.6M	$41.0M	50x	as long as short
edgeX MSTRUSDC	+0.0660%	4h	164.11	−0.005%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1090%	1h	164.38	+0.160%	$280K	$438K	10x	as long as short