MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.013%

Price spread now: Extended against ApeX Omni+0.104%72s7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$960.964% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.541%−$54 · spread now +0.104%, 7d avg −0.086%

Together, before fees−0.477%+ Points / potential airdropExtended: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.190% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of −0.086%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you. The two prices were read 72 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	ApeX Omni MSTRUSDT	169.77	0.0100	pay 0.0013% / 1h	32m 03s	$4K	$1.3M	50x
Short	Extended MSTR_24_5-USD	169.95	0.0032	get 0.0004% / 1h	32m 03s	$584K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against ApeX Omni. 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 ApeX OmnibpFee ExtendedbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$14.28
Price spread: +0.104% → −0.086%: $19
Slippage, 4 orders: −$81.4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$91.68
Costs to cover: 0.964%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; Extended: live order book, 2 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 ApeX Omni live order book, 3 min ago	2.95 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.65 bp	7.8 bp −$8	21.9 bp −$219	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	−0.0036%	1h	169.87	+0.062%	$140K	$107K	3x	as long as short
RISEx MSTR/USDC	0.0000%	1h	170.05	+0.162%	$295K	$474K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	170.00	+0.135%	$4.9M	$19.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	170.04	+0.159%	$2.9M	$52K	10x	as long as short
Variational Omni MSTR	+0.0013%	8h	169.83	+0.034%	$1.2M	$2.4M	—	as long as short
Lighter MSTR	+0.0032%	1h	170.03	+0.153%	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	169.95	+0.104%	$584K	$1.9M	10x
GRVT MSTR_USDT_Perp	+0.0040%	8h	169.87	+0.059%	$80K	$950K	10x	as long as short
QFEX MSTR-USD	+0.0044%	1h	170.13	+0.212%	$1.5M	$10.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	170.33	+0.330%	—	$2.0M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MSTR-PERP-INTX	+0.0048%	1h	170.00	+0.135%	$1.5M	$1.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	169.87	+0.059%	$411K	$2.5M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.79	+0.012%	$804K	$4.9M	10x	as long as short
BloFin MSTR-USDT	+0.0068%	8h	170.08	+0.183%	$1.1M	$1.7M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0075%	8h	170.16	+0.229%	$68	—	5x	as long as short
OKX MSTR-USDT-SWAP	+0.0080%	8h	170.13	+0.212%	$22.2M	$108.4M	50x	as long as short
Aster MSTRUSDT	+0.0081%	8h	170.03	+0.153%	$1.3M	$6.2M	50x	as long as short
Phoenix MSTR	+0.0090%	1h	169.79	+0.011%	$57K	$389K	10x	as long as short
SoDEX MSTR-USD	+0.0093%	1h	170.07	+0.177%	$45K	$3K	10x	as long as short
Binance MSTRUSDT	+0.0096%	8h	170.10	+0.194%	$89.5M	$625.0M	50x	as long as short
Pacifica MSTR	+0.0100%	1h	170.14	+0.220%	$104K	$153K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.95	+0.106%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	169.77	long leg	$4K	$1.3M	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	170.08	+0.183%	$3K	$12K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0102%	1h	169.99	+0.130%	$57.2M	$37.0M	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	170.10	+0.197%	$141	—	10x	as long as short
Bitget MSTRUSDT	+0.0157%	8h	170.04	+0.159%	$29.1M	$118.1M	25x	as long as short
Injective MSTR/USDC PERP	+0.0171%	1h	169.97	+0.118%	$13K	$22K	30x	as long as short
Bybit MSTRUSDT	+0.0239%	8h	170.11	+0.200%	$15.6M	$42.2M	50x	as long as short
Arcus MSTR-USD	+0.0451%	1h	170.20	+0.253%	$27K	$129K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0633%	1h	170.03	+0.153%	$289K	$439K	10x	as long as short
edgeX MSTRUSDC	+0.0946%	4h	169.90	+0.077%	$48K	$5.4M	10x	as long as short