Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against Polymarket Perps+0.202%63s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as 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−$1271.271% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.541%−$54 · spread now +0.202%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.185% dearer against Polymarket Perps than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour. The two prices were read 63 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 | Polymarket Perps MSTR-USD | 163.59 | 0.0050 | pay 0.0006% / 1h | 38m 17s | $378K | $2.7M | 10x |
| Short | ApeX Omni MSTRUSDT | 163.92 | 0.0100 | get 0.0013% / 1h | 38m 17s | $5K | $182K | 50x |
Polymarket Perps MSTR-USD
ApeX Omni MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Polymarket Perps. 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
- $10.5
- Price spread: +0.202% → +0.017%
- $18.5
- Slippage, 4 orders
- −$109.1
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$98.1
- Costs to cover
- 1.271%
- Break-even
- 72.4 days
Slippage from Polymarket Perps: live order book, 6 min ago; ApeX Omni: live order book, 11 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 Polymarket Perps live order book, 6 min ago | 2.44 bp | 9.5 bp −$9 | 12.0 bp −$120 | 13.8 bp −$1,380 | doesn't fit |
| Sell ApeX Omni live order book, 11 min ago | 3.06 bp | 69.9 bp −$70 | 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 | −0.0385% | 8h | 163.79 | +0.122% | $29.4M | $118.9M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.71 | +0.073% | $4.7M | $19.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.79 | +0.122% | $2.8M | $82K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.47 | −0.076% | $502K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.515% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.02 | +0.263% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.65 | +0.037% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USDlong | +0.0050% | 1h | 163.59 | long leg | $378K | $2.7M | 10x | |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.63 | +0.024% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.79 | +0.122% | $868K | $3.7M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
SoDEX MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0067% | 1h | 163.63 | +0.024% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0078% | 8h | 163.65 | +0.037% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.65 | +0.035% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.61 | +0.012% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.0100% | 1h | 163.92 | +0.202% | $5K | $182K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.65 | +0.037% | $2K | $13K | 10x | as long as short |
| Lighter MSTR | +0.0104% | 1h | 163.66 | +0.043% | $3.5M | $2.0M | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.51 | −0.047% | $136 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 161.52 | −1.265% | $1.4M | $1.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0170% | 8h | 163.66 | +0.046% | $65 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0199% | 8h | 163.69 | +0.061% | $20.9M | $100.1M | 50x | as long as short |
| Variational Omni MSTR | +0.0202% | 8h | 164.04 | +0.277% | $1.2M | $2.0M | — | as long as short |
| Binance MSTRUSDT | +0.0273% | 8h | 163.66 | +0.043% | $84.3M | $620.7M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0283% | 8h | 164.14 | +0.336% | $85K | $849K | 10x | as long as short |
| Nado MSTR-PERP | +0.0311% | 1h | 163.59 | +0.002% | $125K | $165K | 3x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 164.20 | +0.372% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0393% | 8h | 163.77 | +0.110% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0416% | 8h | 163.67 | +0.049% | $17.1M | $41.7M | 50x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.69 | +0.061% | $266K | $417K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0510% | 1h | 163.69 | +0.061% | $54.1M | $37.5M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0606% | 1h | 163.70 | +0.067% | $278K | $437K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0859% | 4h | 164.05 | +0.282% | $46K | $5.4M | 10x | as long as short |
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Lighter MSTR
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Nado MSTR-PERP
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC