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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0281%/8h= −30.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.074%
Price spread now: ApeX Omni against RISEx−0.040%54s7-day average −0.023% · 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—prices read too far apart to compare
costs, in and out, $10k−$1021.021% of the position
Long on RISExShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.218%−$22 on $10k
Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.040%, 7d avg −0.023%
Together, before fees−0.100%−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx MSTR/USDC163.180.0381pay 0.0048% / 1h47m 59s$262K$437K10x
ShortApeX Omni MSTRUSDT163.110.0100get 0.0013% / 1h47m 59s$5K$182K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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

Funding earned
−$59.06
Price spread: −0.040% → −0.023%
−$1.73
Slippage, 4 orders
−$86.08
Fee RISEx: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$162.87
Costs to cover
1.021%
Break-even
never at this rate
Slippage from RISEx: live order book, 60 min ago; ApeX Omni: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 60 min ago0.31 bp3.3 bp −$34.5 bp −$45doesn't fitdoesn't fit
Sell ApeX Omni live order book, 6 min ago3.07 bp39.9 bp −$40doesn't fitdoesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0883%8h163.32+0.089%$28.7M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.21+0.021%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.28+0.064%$2.7M$78K10xas long as short
Aster MSTRUSDT+0.0020%8h163.11−0.038%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.94−0.141%$503K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.778%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.33+0.095%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.95−0.138%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.09−0.052%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.10−0.046%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.98−0.120%$842K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.17−0.003%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.17−0.001%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.09−0.052%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTshort+0.0100%1h163.11−0.040%$5K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.12−0.034%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.14−0.024%$135—10xas long as short
OKX MSTR-USDT-SWAP+0.0125%8h163.17−0.003%$20.7M$100.5M50xas long as short
Variational Omni MSTR+0.0143%8h163.26+0.051%$1.2M$2.1M—as long as short
Lighter MSTR+0.0144%1h163.08−0.058%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERP+0.0145%8h163.20+0.015%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.014%$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0204%1h163.10−0.046%$54.1M$37.3M10xas long as short
Binance MSTRUSDT+0.0220%8h163.12−0.035%$83.7M$628.6M50xas long as short
edgeX MSTRUSDC+0.0223%4h163.25+0.046%$46K$5.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0230%8h163.31+0.083%$79K$876K10xas long as short
Nado MSTR-PERP+0.0315%1h162.97−0.124%$130K$157K3xas long as short
Phoenix MSTR+0.0328%1h163.31+0.082%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0340%8h163.14−0.021%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0378%8h163.21+0.021%$16.8M$41.8M50xas long as short
RISEx MSTR/USDClong+0.0381%1h163.18long leg$262K$437K10x
Deribit MSTR_USDC-PERPETUAL+0.0548%1h163.09−0.052%$277K$437K10xas long as short