Funding you earn now, next payment 04:00 UTC−0.0137%/8h= −15.0% APRnext payment −$0.17 per $10,000 · paid last 24h −0.036%
Price spread now: ApeX Omni against tradeXYZ+0.110%65s7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as 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−$1111.112% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.145%+$15 · spread now +0.110%, 7d avg +0.043%
=Together, before fees+0.030%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.066% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.043%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.115% in total) that is about 4.0 days. The two prices were read 65 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 | tradeXYZ xyz:MSTR | 164.10 | 0.0237 | pay 0.0030% / 1h | 36m 18s | $54.7M | $36.9M | 10x |
| Short | ApeX Omni MSTRUSDT | 164.28 | 0.0100 | get 0.0013% / 1h | 36m 18s | $6K | $185K | 50x |
tradeXYZ xyz:MSTR
ApeX Omni MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against tradeXYZ. 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
- −$28.75
- Price spread: +0.110% → +0.043%
- $6.63
- Slippage, 4 orders
- −$83.21
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$133.32
- Costs to cover
- 1.112%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago | 0.61 bp | 10.6 bp −$11 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 33 min ago | 3.02 bp | 51.9 bp −$52 | 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 | −0.0893% | 8h | 164.39 | +0.177% | $27.7M | $115.2M | 25x | as long as short |
| Gate MSTR_USDT | −0.0031% | 8h | 164.16 | +0.037% | $4.6M | $18.5M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.19 | +0.056% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.20 | +0.061% | $2.8M | $72K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0003% | 8h | 164.30 | +0.122% | $20.6M | $99.6M | 50x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 164.11 | +0.006% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.95 | −0.091% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.193% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.18 | +0.049% | $266K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.52 | +0.256% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
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 | 164.10 | 0.000% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.08 | −0.012% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.13 | +0.018% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.08 | −0.012% | $865K | $4.1M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.18 | +0.049% | $1.4M | $7.5M | 10x | as long as short |
| Variational Omni MSTR | +0.0069% | 8h | 164.72 | +0.381% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.26 | +0.095% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.12 | +0.012% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.0100% | 1h | 164.28 | +0.110% | $6K | $185K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.14 | +0.024% | $3K | $8K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.10 | −0.001% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0130% | 8h | 164.15 | +0.028% | $87.7M | $618.1M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0140% | 8h | 164.28 | +0.109% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0165% | 8h | 164.79 | +0.422% | $78K | $770K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.12 | +0.012% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.34 | +0.144% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTRlong | +0.0237% | 1h | 164.10 | long leg | $54.7M | $36.9M | 10x | |
| BloFin MSTR-USDT | +0.0250% | 8h | 164.36 | +0.158% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0263% | 1h | 164.04 | −0.036% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0370% | 8h | 164.21 | +0.067% | $17.0M | $40.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0421% | 1h | 164.13 | +0.018% | $279K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0655% | 4h | 164.52 | +0.257% | $50K | $5.4M | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC