MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.040%

Price spread now: tradeXYZ against ApeX Omni+0.109%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$930.933% of the position

Long on ApeX Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)−0.952%−$95 · spread now +0.109%, 7d avg −0.045%

Together, before fees−0.838%+ Points / potential airdroptradeXYZ: Active · farm board−$84 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 tradeXYZ is 0.154% 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 −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSTRUSDT	164.69	0.0100	pay 0.0013% / 1h	13m 33s	$4K	$188K	50x
Short	tradeXYZ xyz:MSTR	164.87	0.0220	get 0.0028% / 1h	13m 33s	$55.2M	$36.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.109%Rate

Funding earned: $25.27
Price spread: +0.109% → −0.045%: $15.45
Slippage, 4 orders: −$65.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$52.61
Costs to cover: 0.933%
Break-even: 21.6 days

Slippage from ApeX Omni: live order book, just now; tradeXYZ: live order book, 6 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, just now	3.03 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.30 bp	9.3 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit

MSTR on 31 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	−0.1084%	8h	165.02	+0.200%	$27.6M	$115.6M	25x	as long as short
Gate MSTR_USDT	−0.0197%	8h	164.91	+0.134%	$4.6M	$19.1M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.97	+0.171%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.82	+0.079%	$20.9M	$100.8M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	164.89	+0.121%	$270K	$447K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.96	+0.164%	$2.8M	$69K	10x	as long as short
Variational Omni MSTR	+0.0002%	8h	164.84	+0.094%	$1.2M	$2.1M	—	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.78	+0.058%	$594K	$2.0M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.90	+0.128%	$27K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.90	+0.128%	—	$1.8M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.90	+0.128%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.73	+0.024%	$910K	$4.5M	10x	as long as short
Lighter MSTR	+0.0056%	1h	164.84	+0.091%	$3.5M	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0064%	1h	164.93	+0.146%	$1.4M	$8.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0069%	1h	164.78	+0.055%	$385K	$2.7M	10x	as long as short
Binance MSTRUSDT	+0.0078%	8h	164.86	+0.103%	$87.9M	$623.8M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	164.94	+0.149%	$101K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.80	+0.067%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	164.69	long leg	$4K	$188K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.88	+0.115%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.89	+0.124%	$137	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.76	+0.043%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0169%	8h	164.91	+0.132%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0190%	8h	164.89	+0.121%	$79K	$760K	10x	as long as short
tradeXYZ xyz:MSTRshort	+0.0220%	1h	164.87	+0.109%	$55.2M	$36.9M	10x
Injective MSTR/USDC PERP	+0.0341%	1h	169.34	+2.823%	$8K	$26K	30x	as long as short
Nado MSTR-PERP	+0.0355%	1h	164.87	+0.110%	$122K	$150K	3x	as long as short
Bybit MSTRUSDT	+0.0367%	8h	164.89	+0.121%	$17.1M	$41.2M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.92	+0.141%	$55K	$219K	10x	as long as short
edgeX MSTRUSDC	+0.0608%	4h	164.81	+0.071%	$50K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0781%	1h	164.98	+0.176%	$281K	$438K	10x	as long as short