MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.014%

Price spread now: ApeX Omni against QFEX−0.154%116s7-day average +0.008% · you buy dearer than you sell

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−$1131.131% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.109%+$11 on $10k

Price spread, last 3 days (all we have)+0.256%+$26 · spread now −0.154%, 7d avg +0.008%

Together, before fees+0.366%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.162% cheaper against QFEX than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of +0.008%). If the spread goes back, that is −$16 on $10k: about 8.4 days of funding at the current rate (+$2 a day). The two prices were read 116 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	QFEX MSTR-USD	169.15	0.0035	pay 0.0004% / 1h	47m 37s	$1.4M	$9.9M	10x
Short	ApeX Omni MSTRUSDT	168.89	0.0100	get 0.0013% / 1h	47m 37s	$4K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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 QFEXbpFee ApeX OmnibpOrdersPrice spread, now −0.154%Rate

Funding earned: $13.57
Price spread: −0.154% → +0.008%: −$16.2
Slippage, 4 orders: −$93.09
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$115.72
Costs to cover: 1.131%
Break-even: 66.7 days

Slippage from QFEX: live order book, 6 min ago; ApeX Omni: live order book, 36 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 QFEX live order book, 6 min ago	1.48 bp	6.5 bp −$6	7.7 bp −$77	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	2.96 bp	42.6 bp −$43	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
Nado MSTR-PERP	−0.0096%	1h	169.04	−0.068%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.10	−0.031%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.16	+0.006%	$21.9M	$103.7M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.14	−0.006%	$4.7M	$18.8M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	169.18	+0.018%	$28.6M	$114.9M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	168.96	−0.113%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.10	−0.030%	$2.9M	$66K	10x	as long as short
Lighter MSTR	+0.0032%	1h	169.08	−0.041%	$3.6M	$2.0M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.01	−0.083%	$579K	$1.7M	10x	as long as short
QFEX MSTR-USDlong	+0.0035%	1h	169.15	long leg	$1.4M	$9.9M	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MSTRUSDT	+0.0040%	8h	169.20	+0.030%	$15.2M	$39.7M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	169.17	+0.012%	$27K	$118K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.18	+0.018%	—	$2.0M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.08	−0.041%	$397K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	169.07	−0.047%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.91	−0.142%	$747K	$5.0M	10x	as long as short
BloFin MSTR-USDT	+0.0063%	8h	169.09	−0.035%	$1.1M	$1.9M	20x	as long as short
Binance MSTRUSDT	+0.0070%	8h	169.15	−0.002%	$89.3M	$620.9M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	168.75	−0.236%	$1.4M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0090%	8h	169.12	−0.019%	$68	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	169.16	+0.004%	$105K	$85K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.05	−0.059%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	168.89	−0.154%	$4K	$204K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.07	−0.047%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.08	−0.041%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0182%	1h	169.13	−0.012%	$57.1M	$35.5M	10x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+0.112%	$8K	$26K	30x	as long as short
GRVT MSTR_USDT_Perp	+0.0256%	8h	169.19	+0.024%	$77K	$859K	10x	as long as short
Phoenix MSTR	+0.0259%	1h	169.17	+0.010%	$57K	$384K	10x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	169.17	+0.012%	$275K	$440K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0401%	1h	169.12	−0.018%	$288K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0641%	4h	168.94	−0.124%	$47K	$5.5M	10x	as long as short