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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Phemex against ApeX Omni+0.153%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ApeX OmniShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.237%−$24 on $10k
Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.153%, 7d avg +0.039%
Together, before fees−0.251%−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.114% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.039%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MSTRUSDT162.940.0100pay 0.0013% / 1h8m 53s$6K$182K50x
ShortPhemex MSTRUSDT163.190get 0.0000% / 4h8m 53s$2.7M$84K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$21
Price spread: +0.153% → +0.039%
$11.41
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$31.59
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 40 min ago; Phemex: live order book, 5 min ago. Net counts fees only.

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, 40 min ago3.06 bp41.0 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 5 min ago5.82 bpdoesn't fitdoesn'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−0.0447%8h163.30+0.221%$29.4M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.20+0.160%$4.7M$19.6M50xas long as short
Phemex MSTRUSDTshort0.0000%4h163.19+0.153%$2.7M$84K10x
Extended MSTR_24_5-USD+0.0032%1h162.95+0.009%$591K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.928%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.15+0.129%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.00+0.037%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.12+0.110%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.17+0.141%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.93−0.006%$888K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0056%1h163.16+0.135%$3.5M$2.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.13+0.117%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0074%8h163.03+0.053%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.12+0.112%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.06+0.074%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTlong+0.0100%1h162.94long leg$6K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.22+0.172%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.23+0.179%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.196%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0137%8h163.12+0.107%$65—5xas long as short
Nado MSTR-PERP+0.0173%1h163.05+0.067%$125K$165K3xas long as short
Variational Omni MSTR+0.0197%8h163.01+0.043%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0200%8h163.14+0.123%$20.8M$99.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0266%8h163.09+0.090%$82K$859K10xas long as short
Binance MSTRUSDT+0.0269%8h163.06+0.072%$83.8M$620.2M50xas long as short
Phoenix MSTR+0.0357%1h163.17+0.141%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0389%8h163.26+0.196%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0403%8h163.12+0.110%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0436%1h163.11+0.104%$53.9M$37.7M10xas long as short
RISEx MSTR/USDC+0.0493%1h163.20+0.159%$268K$419K10xas long as short
edgeX MSTRUSDC+0.0541%4h163.03+0.054%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0731%1h163.24+0.184%$278K$437K10xas long as short