Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.010%
Price spread now: ApeX Omni against SoDEX−0.092%74s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. ApeX Omni is 0.092% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.1 days of funding at the current rate (+$2 a day). The two prices were read 74 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 | SoDEX MSTR-USD | 163.09 | 0.0050 | pay 0.0006% / 1h | 6m 19s | $43K | $3K | 10x |
| Short | ApeX Omni MSTRUSDT | 162.94 | 0.0100 | get 0.0013% / 1h | 6m 19s | $6K | $182K | 50x |
SoDEX MSTR-USD
ApeX Omni MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: −0.092% → 0.000%
- −$9.2
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$16.7
- Costs to cover
- 0.180%
- Break-even
- 18.1 days
Slippage unknown: SoDEX: no order-book sample; ApeX Omni: live order book, 43 min ago. Net counts fees only.
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 SoDEX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 43 min ago | 3.06 bp | 69.9 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0435% | 8h | 163.31 | +0.135% | $29.5M | $119.2M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.19 | +0.061% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.04 | −0.031% | $2.7M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 162.97 | −0.071% | $589K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.832% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.14 | +0.031% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 162.91 | −0.110% | — | $1.8M | 25x | as long as short |
| Lighter MSTR | +0.0048% | 1h | 163.09 | 0.000% | $3.5M | $2.0M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.06 | −0.018% | $377K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USDlong | +0.0050% | 1h | 163.09 | long leg | $43K | $3K | 10x |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Lighter MSTR
Polymarket Perps MSTR-USDShow 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 | 162.97 | −0.074% | $879K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.09 | 0.000% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0074% | 8h | 163.12 | +0.021% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.08 | −0.008% | $100K | $89K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.03 | −0.037% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.0100% | 1h | 162.94 | −0.092% | $6K | $182K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.17 | +0.049% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.17 | +0.051% | $135 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0132% | 8h | 163.01 | −0.047% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.288% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0167% | 1h | 163.04 | −0.033% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0197% | 8h | 163.01 | −0.049% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0201% | 8h | 163.16 | +0.043% | $20.8M | $99.8M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0266% | 8h | 163.09 | −0.002% | $82K | $859K | 10x | as long as short |
| Binance MSTRUSDT | +0.0267% | 8h | 163.14 | +0.031% | $83.9M | $620.4M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.28 | +0.116% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0388% | 8h | 163.03 | −0.037% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0400% | 8h | 163.09 | 0.000% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0427% | 1h | 163.09 | 0.000% | $53.9M | $37.7M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.16 | +0.046% | $268K | $419K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0541% | 4h | 163.03 | −0.038% | $46K | $5.4M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0547% | 1h | 163.17 | +0.049% | $277K | $437K | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
RISEx MSTR/USDC
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL