data as of
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Funding arb /

MSTR

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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 spread now, next payment 17:00 UTC+0.0044%/8h
next payment, per $10,000+$0.06paid, last 24h−0.026%paid, last 5 days−0.076%to open and close $10k−$149
Long on LighterShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MSTR166.240.0056pay 0.0007% / 1h35m 25s$3.6M$2.8M10x
ShortApeX Omni MSTRUSDT166.150.0100get 0.0013% / 1h35m 25s$130K$1.8M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$9.24
Slippage, 4 orders
−$138.51
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$139.27
Break-even
112.5 days
Slippage from Lighter: live order book, 4 min ago; ApeX Omni: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.054%
Avg gap 7d
+0.055%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 4 min ago0.90 bp2.2 bp −$26.3 bp −$6337.4 bp −$3,743doesn't fit
Sell ApeX Omni live order book, 5 min ago3.01 bp75.4 bp −$75doesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.8M$18.8M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$39K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$499K$2.2M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.3M$9.3M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.7M25xas long as short
Polymarket Perps MSTR-USD+0.0050%1h$408K$2.3M10xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$884K$4.4M10xas long as short
Lighter MSTRlong+0.0056%1h$3.6M$2.8M10x
Pacifica MSTR+0.0100%1h$102K$152K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin MSTRUSDTM+0.0100%8h$2.5M$2.6M20xas long as short
ApeX Omni MSTRUSDTshort+0.0100%1h$130K$1.8M50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Paradex MSTR-USD-PERP+0.0108%8h$67—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Nado MSTR-PERP+0.0137%1h$125K$257K3xas long as short
tradeXYZ xyz:MSTR+0.0154%1h$57.2M$31.5M10xas long as short
edgeX MSTRUSDC+0.0205%4h$45K$4.9M10xas long as short
Phoenix MSTR+0.0226%1h$56K$380K10xas long as short
Variational Omni MSTR+0.0241%8h$1.2M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0263%8h$22.3M$100.9M50xas long as short
RISEx MSTR/USDC+0.0277%1h$293K$468K10xas long as short
Aster MSTRUSDT+0.0291%8h$1.3M$6.0M50xas long as short
Binance MSTRUSDT+0.0299%8h$89.7M$555.5M50xas long as short
Injective MSTR/USDC PERP+0.0312%1h$12K$93K30xas long as short
Bitget MSTRUSDT+0.0323%8h$28.9M$110.8M25xas long as short
Bybit MSTRUSDT+0.0419%8h$15.4M$41.8M50xas long as short
BloFin MSTR-USDT+0.0423%8h$1.1M$1.4M20xas long as short
Arcus MSTR-USD+0.0612%1h$26K$126K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0653%1h$282K$454K10xas long as short