MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.082%

Price spread now: ApeX Omni against Arcus+0.006%53s7-day average −0.019% · 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−$1121.123% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.006%, 7d avg −0.019%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.025% dearer against Arcus than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.019%. The two prices were read 53 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	Arcus MSTR-USD	162.10	0.0040	pay 0.0005% / 1h	26m 20s	$26K	$109K	10x
Short	ApeX Omni MSTRUSDT	162.11	0.0100	get 0.0013% / 1h	26m 20s	$6K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: $12.54
Price spread: +0.006% → −0.019%: $2.49
Slippage, 4 orders: −$97.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$97.29
Costs to cover: 1.123%
Break-even: 61.3 days

Slippage from Arcus: live order book, 22 min ago; ApeX Omni: live order book, 33 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 Arcus live order book, 22 min ago	7.32 bp	11.1 bp −$11	43.1 bp −$431	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	3.06 bp	38.6 bp −$39	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
Bitget MSTRUSDT	−0.1221%	8h	161.93	−0.105%	$26.7M	$117.8M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	161.70	−0.250%	$1.7M	$8.7M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	161.82	−0.173%	$4.6M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.30	+0.123%	$2.7M	$77K	10x	as long as short
Vest MSTR-USD-PERP	+0.0030%	1h	161.29	−0.500%	—	$1.8M	25x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	161.47	−0.389%	$495K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.466%	$8K	$26K	30x	as long as short
Arcus MSTR-USDlong	+0.0040%	1h	162.10	long leg	$26K	$109K	10x
Polymarket Perps MSTR-USD	+0.0050%	1h	161.67	−0.265%	$373K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	161.64	−0.284%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	161.62	−0.296%	$863K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	161.74	−0.222%	$1.3M	$7.3M	10x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	161.75	−0.216%	$262K	$443K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0090%	8h	161.72	−0.234%	$20.4M	$99.5M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	161.72	−0.234%	$99K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	161.64	−0.284%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	162.11	+0.006%	$6K	$182K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	161.71	−0.241%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	161.71	−0.238%	$134	—	10x	as long as short
Variational Omni MSTR	+0.0124%	8h	162.32	+0.136%	$1.2M	$2.1M	—	as long as short
Lighter MSTR	+0.0144%	1h	161.65	−0.278%	$3.4M	$2.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0145%	8h	161.68	−0.258%	$65	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	161.52	−0.358%	$1.4M	$1.1M	10x	as long as short
Binance MSTRUSDT	+0.0195%	8h	161.72	−0.237%	$83.5M	$627.8M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0209%	8h	162.29	+0.119%	$77K	$849K	10x	as long as short
BloFin MSTR-USDT	+0.0316%	8h	161.68	−0.259%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0339%	1h	161.67	−0.265%	$53.7M	$37.4M	10x	as long as short
Phoenix MSTR	+0.0362%	1h	162.41	+0.191%	$55K	$226K	10x	as long as short
Nado MSTR-PERP	+0.0369%	1h	161.64	−0.287%	$129K	$157K	3x	as long as short
Bybit MSTRUSDT	+0.0369%	8h	161.78	−0.197%	$16.7M	$41.8M	50x	as long as short
edgeX MSTRUSDC	+0.0491%	4h	162.30	+0.122%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0555%	1h	161.70	−0.247%	$275K	$438K	10x	as long as short