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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h +0.031%
Price spread now: Binance against ApeX Omni+0.134%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1071.073% of the position
Long on ApeX OmniShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.173%+$17 · spread now +0.134%, 7d avg +0.015%
Together, before fees+0.182%+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.120% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MSTRUSDT163.620.0100pay 0.0013% / 1h16m 58s$5K$182K50x
ShortBinance MSTRUSDT163.840.0251get 0.0251% / 8h1h 16m$84.1M$627.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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
$31.61
Price spread: +0.134% → +0.015%
$11.99
Slippage, 4 orders
−$87.35
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$63.74
Costs to cover
1.073%
Break-even
21.1 days
Slippage from ApeX Omni: live order book, 37 min ago; Binance: live order book, 12 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 ApeX Omni live order book, 37 min ago3.07 bp55.6 bp −$56doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 12 min ago0.61 bp6.2 bp −$610.8 bp −$10836.4 bp −$3,637132.7 bp −$66.3K

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−0.0779%8h163.98+0.220%$29.2M$118.8M25xas long as short
Gate MSTR_USDT0.0000%8h163.89+0.165%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.88+0.159%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.69+0.040%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.496%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.76+0.086%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.73+0.067%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.73+0.067%$379K$2.7M10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.61−0.006%$840K$3.9M10xas long as short
Aster MSTRUSDT+0.0054%8h163.73+0.069%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.78+0.098%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.72+0.061%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.76+0.086%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTlong+0.0100%1h163.62long leg$5K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.82+0.122%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.80+0.111%$136—10xas long as short
Lighter MSTR+0.0128%1h163.79+0.104%$3.5M$2.0M10xas long as short
SoDEX MSTR-USD+0.0137%1h163.81+0.116%$43K$3K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.283%$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0165%8h163.83+0.128%$20.9M$100.7M50xas long as short
Variational Omni MSTR+0.0166%8h163.76+0.083%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0169%8h163.75+0.079%$65—5xas long as short
Binance MSTRUSDTshort+0.0251%8h163.84+0.134%$84.1M$627.3M50x
tradeXYZ xyz:MSTR+0.0255%1h163.75+0.079%$54.2M$37.2M10xas long as short
GRVT MSTR_USDT_Perp+0.0267%8h163.79+0.106%$84K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.73+0.065%$56K$223K10xas long as short
Nado MSTR-PERP+0.0365%1h163.66+0.025%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0371%8h163.87+0.153%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.86+0.146%$266K$427K10xas long as short
Bybit MSTRUSDT+0.0393%8h163.82+0.122%$17.2M$41.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0912%1h163.77+0.092%$279K$437K10xas long as short
edgeX MSTRUSDC+0.0965%4h163.78+0.097%$46K$5.4M10xas long as short