MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.013%

Price spread now: ApeX Omni against QFEX−0.067%7-day average +0.006% · 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−$111as in the Price arb table

costs, in and out, $10k−$1031.032% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.112%+$11 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.067%, 7d avg +0.006%

Together, before fees+0.372%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.073% cheaper against QFEX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.006%). If the spread goes back, that is −$7 on $10k: about 5.2 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.112% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MSTR-USD	163.70	0.0054	pay 0.0007% / 1h	50m 48s	$1.4M	$7.2M	10x
Short	ApeX Omni MSTRUSDT	163.59	0.0100	get 0.0013% / 1h	50m 48s	$6K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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 QFEXbpFee ApeX OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: $9.76
Price spread: −0.067% → +0.006%: −$7.29
Slippage, 4 orders: −$83.24
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$100.78
Costs to cover: 1.032%
Break-even: 79.3 days

Slippage from QFEX: live order book, 8 min ago; ApeX Omni: live order book, 8 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 QFEX live order book, 8 min ago	1.53 bp	6.5 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	3.06 bp	38.6 bp −$39	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	−0.0980%	8h	164.02	+0.195%	$27.1M	$116.9M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.84	+0.088%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.94	+0.147%	$4.6M	$19.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.05	+0.214%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.65	−0.031%	$596K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.445%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.81	+0.067%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.54	−0.098%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	163.75	+0.031%	$379K	$2.7M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.71	+0.006%	$830K	$4.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USDlong	+0.0054%	1h	163.70	long leg	$1.4M	$7.2M	10x
OKX MSTR-USDT-SWAP	+0.0062%	8h	163.91	+0.128%	$20.6M	$99.5M	50x	as long as short
SoDEX MSTR-USD	+0.0071%	1h	163.85	+0.092%	$43K	$3K	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.83	+0.079%	$266K	$446K	10x	as long as short
Pacifica MSTR	+0.0100%	1h	163.71	+0.004%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.72	+0.012%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	163.59	−0.067%	$6K	$182K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.83	+0.079%	$4K	$8K	10x	as long as short
Variational Omni MSTR	+0.0103%	8h	163.88	+0.108%	$1.2M	$2.1M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.85	+0.090%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0105%	8h	163.74	+0.022%	$65	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0160%	8h	163.86	+0.098%	$79K	$838K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.57	−0.079%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0171%	8h	163.86	+0.098%	$85.8M	$619.5M	50x	as long as short
Lighter MSTR	+0.0208%	1h	163.82	+0.073%	$3.5M	$1.9M	10x	as long as short
BloFin MSTR-USDT	+0.0287%	8h	163.93	+0.141%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0331%	8h	163.95	+0.153%	$16.7M	$41.2M	50x	as long as short
Nado MSTR-PERP	+0.0338%	1h	163.66	−0.027%	$121K	$148K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0356%	1h	163.83	+0.079%	$54.5M	$37.1M	10x	as long as short
Phoenix MSTR	+0.0362%	1h	163.69	−0.005%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0496%	4h	163.67	−0.020%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1155%	1h	163.88	+0.110%	$279K	$438K	10x	as long as short