Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni+0.039%51s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as 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−$920.919% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.919%−$92 · spread now +0.039%, 7d avg −0.014%

Together, before fees−0.864%+ Points / potential airdropPacifica: Active · farm board−$86 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.052% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 51 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	164.14	0.0100	pay 0.0013% / 1h	53m 51s	$4K	$184K	50x
Short	Pacifica MSTR	164.20	0.0100	get 0.0013% / 1h	53m 51s	$100K	$85K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.014%: $5.22
Slippage, 4 orders: −$73.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$86.65
Costs to cover: 0.919%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 20 min ago; Pacifica: 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 ApeX Omni live order book, 20 min ago	3.03 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 9 min ago	0.73 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit

MSTR on 31 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	−0.1215%	8h	164.38	+0.146%	$27.5M	$114.4M	25x	as long as short
Gate MSTR_USDT	−0.0074%	8h	164.23	+0.055%	$4.6M	$18.4M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.19	+0.033%	$1.2M	$7.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.23	+0.055%	$20.8M	$99.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.23	+0.055%	$2.8M	$70K	10x	as long as short
Variational Omni MSTR	+0.0014%	8h	164.41	+0.163%	$1.2M	$2.0M	—	as long as short
Lighter MSTR	+0.0032%	1h	164.16	+0.012%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.12	−0.015%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.168%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.33	+0.116%	$26K	$112K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.06	−0.049%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.09	−0.030%	$383K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.20	+0.037%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.12	−0.012%	$887K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0060%	1h	164.24	+0.061%	$1.4M	$7.8M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0080%	1h	164.11	−0.018%	$55.0M	$36.6M	10x	as long as short
Binance MSTRUSDT	+0.0083%	8h	164.27	+0.079%	$87.7M	$618.2M	50x	as long as short
Pacifica MSTRshort	+0.0100%	1h	164.20	+0.039%	$100K	$85K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	164.21	+0.043%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	164.14	long leg	$4K	$184K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.20	+0.037%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.20	+0.036%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0147%	8h	164.19	+0.033%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0178%	8h	164.25	+0.069%	$77K	$772K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0200%	1h	164.09	−0.030%	$1.4M	$1.1M	10x	as long as short
edgeX MSTRUSDC	+0.0201%	4h	164.18	+0.022%	$50K	$5.4M	10x	as long as short
Nado MSTR-PERP	+0.0218%	1h	164.20	+0.034%	$122K	$149K	3x	as long as short
RISEx MSTR/USDC	+0.0291%	1h	164.23	+0.055%	$269K	$447K	10x	as long as short
Bybit MSTRUSDT	+0.0338%	8h	164.30	+0.097%	$17.0M	$40.7M	50x	as long as short
Phoenix MSTR	+0.0381%	1h	164.16	+0.013%	$55K	$227K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0725%	1h	164.25	+0.067%	$279K	$438K	10x	as long as short