Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.013%
Price spread now: Extended against ApeX Omni−0.003%92s7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as 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−$1081.083% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.003%, 7d avg −0.077%
=Together, before fees−0.054%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.074% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.077%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you. The two prices were read 92 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 | ApeX Omni MSTRUSDT | 163.20 | 0.0100 | pay 0.0013% / 1h | 57m 50s | $5K | $182K | 50x |
| Short | Extended MSTR_24_5-USD | 163.19 | 0.0032 | get 0.0004% / 1h | 57m 50s | $507K | $2.0M | 10x |
ApeX Omni MSTRUSDT
Extended MSTR_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.28
- Price spread: −0.003% → −0.077%
- $7.41
- Slippage, 4 orders
- −$93.27
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$115.14
- Costs to cover
- 1.083%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 56 min ago; Extended: live order book, 1 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 ApeX Omni live order book, 56 min ago | 3.07 bp | 55.6 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 1.53 bp | 4.9 bp −$5 | 18.3 bp −$183 | 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 | −0.0576% | 8h | 163.55 | +0.214% | $29.1M | $119.0M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.44 | +0.147% | $4.7M | $19.4M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.39 | +0.116% | $2.7M | $80K | 10x | as long as short |
| Extended MSTR_24_5-USDshort | +0.0032% | 1h | 163.19 | −0.003% | $507K | $2.0M | 10x | |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.762% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.58 | +0.233% | $26K | $113K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.23 | +0.018% | — | $1.8M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.25 | +0.031% | $378K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.37 | +0.104% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.37 | +0.104% | $846K | $3.8M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | +0.0066% | 8h | 163.19 | −0.004% | $1.8M | $8.7M | 50x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.35 | +0.092% | $1.3M | $7.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.39 | +0.115% | $100K | $88K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.37 | +0.104% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTlong | +0.0100% | 1h | 163.20 | long leg | $5K | $182K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.38 | +0.110% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.38 | +0.111% | $136 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 161.52 | −1.029% | $1.4M | $1.1M | 10x | as long as short |
| Lighter MSTR | +0.0152% | 1h | 163.24 | +0.025% | $3.5M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0173% | 8h | 163.31 | +0.065% | $65 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0185% | 8h | 163.41 | +0.129% | $20.8M | $100.0M | 50x | as long as short |
| Variational Omni MSTR | +0.0187% | 8h | 163.34 | +0.084% | $1.2M | $2.1M | — | as long as short |
| Binance MSTRUSDT | +0.0261% | 8h | 163.34 | +0.084% | $84.1M | $624.7M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0274% | 8h | 163.40 | +0.123% | $76K | $865K | 10x | as long as short |
| Phoenix MSTR | +0.0328% | 1h | 163.53 | +0.201% | $56K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0381% | 8h | 163.43 | +0.141% | $1.0M | $2.1M | 20x | as long as short |
| Nado MSTR-PERP | +0.0397% | 1h | 163.20 | −0.003% | $130K | $157K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0408% | 8h | 163.42 | +0.135% | $17.1M | $41.8M | 50x | as long as short |
| edgeX MSTRUSDC | +0.0472% | 4h | 163.41 | +0.129% | $46K | $5.4M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.40 | +0.124% | $266K | $425K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0560% | 1h | 163.36 | +0.098% | $54.0M | $37.8M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0914% | 1h | 163.44 | +0.147% | $278K | $437K | 10x | as long as short |
Aster MSTRUSDT
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Coinbase International MSTR-PERP-INTX
Lighter MSTR
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAP
Variational Omni MSTR
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Phoenix MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
edgeX MSTRUSDC
RISEx MSTR/USDC
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL