MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0152%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.038%

Price spread now: tradeXYZ against ApeX Omni−0.174%65s7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$167as 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−$1781.779% of the position

Long on ApeX Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.174%, 7d avg −0.043%

Together, before fees+0.202%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.131% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.174% now, against its 7-day average of −0.043%). If the spread goes back, that is −$13 on $10k: about 2.9 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.111% in total) that is about 8.2 days. The two prices were read 65 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	166.29	0.0100	pay 0.0013% / 1h	0m 11s	$4K	$204K	50x
Short	tradeXYZ xyz:MSTR	166.00	0.0252	get 0.0032% / 1h	0m 11s	$56.1M	$35.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.174%Rate

Funding earned: $31.93
Price spread: −0.174% → −0.043%: −$13.09
Slippage, 4 orders: −$149.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$159.09
Costs to cover: 1.779%
Break-even: 41.9 days

Slippage from ApeX Omni: live order book, 19 min ago; tradeXYZ: 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, 19 min ago	14.60 bp	98.9 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.30 bp	11.0 bp −$11	14.2 bp −$142	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
Gate MSTR_USDT	−0.0263%	8h	166.11	−0.108%	$4.6M	$19.3M	50x	as long as short
BloFin MSTR-USDT	−0.0029%	8h	166.03	−0.156%	$1.1M	$1.9M	20x	as long as short
Aster MSTRUSDT	0.0000%	8h	165.98	−0.183%	$1.2M	$6.1M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	165.98	−0.185%	$87.5M	$616.4M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	166.01	−0.168%	$21.3M	$99.9M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.09	−0.120%	$27.3M	$114.1M	25x	as long as short
Variational Omni MSTR	0.0000%	8h	166.01	−0.171%	$1.2M	$2.0M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	166.87	+0.349%	$84K	$812K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.38	+0.054%	$2.8M	$67K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.93	−0.216%	$3.5M	$2.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MSTR_24_5-USD	+0.0032%	1h	165.88	−0.244%	$571K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0035%	1h	166.08	−0.126%	$1.4M	$8.6M	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	166.46	+0.102%	$27K	$115K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	165.80	−0.295%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	166.00	−0.174%	$389K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.99	−0.180%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.90	−0.235%	$768K	$4.8M	10x	as long as short
Nado MSTR-PERP	+0.0075%	1h	165.90	−0.233%	$134K	$129K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0088%	1h	165.95	−0.204%	$1.4M	$1.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	166.10	−0.113%	$103K	$84K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.98	−0.186%	$2.5M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	166.29	long leg	$4K	$204K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.99	−0.180%	$3K	$7K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.98	−0.186%	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0111%	8h	166.02	−0.162%	$66	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0235%	1h	169.34	+1.834%	$8K	$26K	30x	as long as short
tradeXYZ xyz:MSTRshort	+0.0252%	1h	166.00	−0.174%	$56.1M	$35.9M	10x
Phoenix MSTR	+0.0259%	1h	166.44	+0.092%	$56K	$384K	10x	as long as short
Bybit MSTRUSDT	+0.0301%	8h	166.10	−0.114%	$16.7M	$40.4M	50x	as long as short
RISEx MSTR/USDC	+0.0349%	1h	166.07	−0.132%	$271K	$435K	10x	as long as short
edgeX MSTRUSDC	+0.0663%	4h	166.58	+0.174%	$43K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1137%	1h	166.07	−0.132%	$282K	$438K	10x	as long as short