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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.16 per $10,000 · paid last 24h +0.080%
Price spread now: RISEx against ApeX Omni+0.172%54s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.024% of the position
Long on ApeX OmniShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.216%+$22 on $10k
Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.172%, 7d avg +0.023%
Together, before fees−0.113%−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.149% dearer against ApeX Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.023%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MSTRUSDT163.670.0100pay 0.0013% / 1h4m 02s$6K$182K50x
ShortRISEx MSTR/USDC163.950.0231get 0.0029% / 1h4m 02s$266K$445K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$27.46
Price spread: +0.172% → +0.023%
$14.9
Slippage, 4 orders
−$86.36
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$60
Costs to cover
1.024%
Break-even
22.3 days
Slippage from ApeX Omni: live order book, 60 min ago; RISEx: live order book, 49 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, 60 min ago3.04 bp46.6 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell RISEx live order book, 49 min ago2.73 bp5.7 bp −$67.0 bp −$70doesn'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−0.0973%8h164.08+0.251%$27.1M$116.5M25xas long as short
Aster MSTRUSDT0.0000%8h163.96+0.176%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h164.03+0.220%$4.6M$19.3M50xas long as short
Phemex MSTRUSDT0.0000%4h164.03+0.220%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.96+0.177%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.81+0.082%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.464%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.89+0.134%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0041%8h163.97+0.183%$20.7M$99.1M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.670.000%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.90+0.141%$379K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.93+0.159%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.77+0.061%$817K$4.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.88+0.128%$1.4M$7.3M10xas long as short
Paradex MSTR-USD-PERP+0.0075%8h163.86+0.119%$66—5xas long as short
Variational Omni MSTR+0.0091%8h163.89+0.132%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.91+0.145%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.88+0.128%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTlong+0.0100%1h163.67long leg$6K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.88+0.128%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.93+0.160%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0148%8h163.85+0.113%$83K$837K10xas long as short
Binance MSTRUSDT+0.0157%8h163.95+0.171%$86.1M$619.1M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.061%$1.4M$1.1M10xas long as short
RISEx MSTR/USDCshort+0.0231%1h163.95+0.172%$266K$445K10x
Nado MSTR-PERP+0.0239%1h163.78+0.067%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0255%1h163.93+0.159%$54.6M$37.1M10xas long as short
BloFin MSTR-USDT+0.0277%8h163.88+0.128%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0316%8h164.00+0.202%$16.6M$41.1M50xas long as short
Phoenix MSTR+0.0340%1h163.78+0.067%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0665%1h164.01+0.208%$279K$438K10xas long as short
edgeX MSTRUSDC+0.0686%4h163.69+0.013%$48K$5.4M10xas long as short