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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against KuCoin−0.043%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1571.570% of the position
Long on KuCoinShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 4 days (all we have)+0.939%+$94 · spread now −0.043%, 7d avg +0.017%
Together, before fees+1.033%+$103 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: ApeX Omni is 0.060% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MSTRUSDTM163.150.0100pay 0.0100% / 8h33m 04s$2.4M$2.7M20x
ShortApeX Omni MSTRUSDT163.080.0100get 0.0013% / 1h33m 04s$5K$182K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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
$0
Price spread: −0.043% → +0.017%
−$5.99
Slippage, 4 orders
−$135.03
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$163.02
Costs to cover
1.570%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; ApeX Omni: live order book, 16 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 KuCoin live order book, 4 min ago1.53 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 16 min ago3.06 bp69.9 bp −$70doesn'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−0.0389%8h163.29+0.086%$29.4M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.22+0.043%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.25+0.061%$2.7M$83K10xas long as short
edgeX MSTRUSDC+0.0005%4h163.47+0.199%$46K$5.4M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.89−0.156%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.794%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.47+0.196%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.00−0.092%—$1.8M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h163.12−0.018%$377K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.12−0.018%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.98−0.104%$864K$3.7M10xas long as short
QFEX MSTR-USD+0.0067%1h163.13−0.012%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0080%8h163.16+0.006%$1.8M$8.7M50xas long as short
Lighter MSTR+0.0096%1h163.12−0.018%$3.5M$2.0M10xas long as short
Pacifica MSTR+0.0100%1h163.17+0.013%$100K$89K10xas long as short
KuCoin MSTRUSDTMlong+0.0100%8h163.15long leg$2.4M$2.7M20x
ApeX Omni MSTRUSDTshort+0.0100%1h163.08−0.043%$5K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.17+0.012%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.16+0.003%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−0.999%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0167%8h163.13−0.010%$65—5xas long as short
OKX MSTR-USDT-SWAP+0.0202%8h163.10−0.031%$20.8M$99.8M50xas long as short
Variational Omni MSTR+0.0203%8h163.25+0.063%$1.2M$2.0M—as long as short
Nado MSTR-PERP+0.0266%1h163.03−0.071%$125K$165K3xas long as short
Binance MSTRUSDT+0.0275%8h163.08−0.043%$84.1M$621.3M50xas long as short
GRVT MSTR_USDT_Perp+0.0281%8h163.33+0.110%$85K$836K10xas long as short
Phoenix MSTR+0.0357%1h163.26+0.069%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0395%8h163.14−0.006%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0415%8h163.11−0.025%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.23+0.051%$265K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0508%1h163.11−0.025%$53.9M$37.6M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0670%1h163.19+0.025%$278K$437K10xas long as short