Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Pacifica against ApeX Omni−0.055%51s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as 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−$1801.798% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now −0.055%, 7d avg −0.012%

Together, before fees+0.003%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.043% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 51 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	167.13	0.0100	pay 0.0013% / 1h	4m 33s	$4K	$204K	50x
Short	Pacifica MSTR	167.04	0.0100	get 0.0013% / 1h	4m 33s	$104K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee PacificabpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.012%: −$4.34
Slippage, 4 orders: −$161.79
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$184.13
Costs to cover: 1.798%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 14 min ago; Pacifica: live order book, 3 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, 14 min ago	14.60 bp	98.9 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	0.78 bp	10.7 bp −$11	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
Gate MSTR_USDT	−0.0204%	8h	167.03	−0.060%	$4.7M	$19.2M	50x	as long as short
BloFin MSTR-USDT	−0.0023%	8h	166.80	−0.197%	$1.1M	$1.9M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	166.97	−0.098%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	167.03	−0.058%	$87.8M	$614.3M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	167.04	−0.054%	$21.5M	$99.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	167.10	−0.018%	$27.7M	$113.7M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	166.78	−0.207%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	167.28	+0.093%	$84K	$812K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	167.16	+0.018%	$2.8M	$67K	10x	as long as short
Lighter MSTR	+0.0032%	1h	167.00	−0.078%	$3.5M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	166.89	−0.141%	$575K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	167.02	−0.066%	$1.4M	$8.6M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	167.01	−0.072%	$27K	$115K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.55	−0.347%	—	$1.7M	25x	as long as short
Nado MSTR-PERP	+0.0049%	1h	166.65	−0.289%	$135K	$128K	3x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.70	−0.257%	$391K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	166.68	−0.269%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.49	−0.383%	$773K	$4.8M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	166.69	−0.263%	$1.4M	$1.1M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	167.04	−0.055%	$104K	$84K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	166.90	−0.138%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	167.13	long leg	$4K	$204K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.81	−0.191%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.79	−0.206%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0105%	8h	167.02	−0.065%	$67	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+1.322%	$8K	$26K	30x	as long as short
tradeXYZ xyz:MSTR	+0.0240%	1h	167.03	−0.060%	$56.5M	$35.9M	10x	as long as short
Bybit MSTRUSDT	+0.0258%	8h	167.08	−0.030%	$16.1M	$39.7M	50x	as long as short
Phoenix MSTR	+0.0259%	1h	166.74	−0.235%	$56K	$384K	10x	as long as short
edgeX MSTRUSDC	+0.0334%	4h	166.79	−0.201%	$43K	$5.4M	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	167.03	−0.059%	$271K	$434K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0650%	1h	166.81	−0.191%	$284K	$438K	10x	as long as short