MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0300%/8h= −32.9% APRnext payment −$0.38 per $10,000 · paid last 24h −0.069%

Price spread now: ApeX Omni against RISEx−0.098%7-day average −0.027% · 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−$108as in the Price arb table

costs, in and out, $10k−$1011.012% of the position

Long on RISEx Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.226%−$23 on $10k

Price spread, last 4 days (all we have)+0.481%+$48 · spread now −0.098%, 7d avg −0.027%

Together, before fees+0.254%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and ApeX Omni is 0.071% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	163.03	0.0400	pay 0.0050% / 1h	34m 59s	$268K	$402K	10x
Short	ApeX Omni MSTRUSDT	162.87	0.0100	get 0.0013% / 1h	34m 59s	$6K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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 RISExbpFee ApeX OmnibpOrdersPrice spread, now −0.098%Rate

Funding earned: −$63.06
Price spread: −0.098% → −0.027%: −$7.14
Slippage, 4 orders: −$85.2
Fee RISEx: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$171.39
Costs to cover: 1.012%
Break-even: never at this rate

Slippage from RISEx: live order book, 63 min ago; ApeX Omni: live order book, 9 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 RISEx live order book, 63 min ago	0.61 bp	3.6 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	3.06 bp	46.9 bp −$47	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	−0.0074%	8h	163.07	+0.025%	$30.4M	$118.2M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.08	+0.031%	$4.7M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.98	−0.031%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.74	−0.175%	$593K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.870%	$8K	$25K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.06	+0.018%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.80	−0.141%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	162.92	−0.067%	$377K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	162.90	−0.080%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.87	−0.098%	$902K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0061%	1h	163.02	−0.006%	$1.3M	$7.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.94	−0.052%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.95	−0.049%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	162.87	−0.098%	$6K	$182K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.98	−0.031%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.97	−0.035%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.62	−0.251%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0130%	8h	163.00	−0.018%	$1.8M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0179%	8h	162.98	−0.033%	$65	—	5x	as long as short
Lighter MSTR	+0.0192%	1h	162.90	−0.080%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0194%	1h	162.84	−0.115%	$125K	$163K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0237%	8h	163.03	0.000%	$20.8M	$98.5M	50x	as long as short
Variational Omni MSTR	+0.0245%	8h	163.03	−0.001%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0325%	8h	163.01	−0.013%	$84.4M	$618.6M	50x	as long as short
RISEx MSTR/USDClong	+0.0400%	1h	163.03	long leg	$268K	$402K	10x
BloFin MSTR-USDT	+0.0445%	8h	162.93	−0.061%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0448%	1h	162.93	−0.061%	$53.6M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0460%	1h	163.06	+0.018%	$55K	$223K	10x	as long as short
edgeX MSTRUSDC	+0.0487%	4h	163.17	+0.084%	$47K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0596%	8h	163.13	+0.059%	$84K	$853K	10x	as long as short
Bybit MSTRUSDT	+0.0650%	8h	163.06	+0.018%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0672%	1h	162.92	−0.067%	$277K	$430K	10x	as long as short