Funding you earn now, next payment 05:00 UTC+0.1048%/8h= +114.8% APRpaid last 24h −0.005%
Price spread now: ApeX Omni against Bitget−0.231%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1091.088% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)+0.436%+$44 · spread now −0.231%, 7d avg −0.022%
=Funding pays, the price is against you. ApeX Omni is 0.209% cheaper against Bitget than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.022%). If the spread goes back, that is −$21 on $10k: about 16 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.056% in total) that is about 26 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSTRUSDT | 164.15 | −0.0948 | get 0.0948% / 8h | 3h 20m | $27.2M | $116.3M | 25x |
| Short | ApeX Omni MSTRUSDT | 163.77 | 0.0100 | get 0.0013% / 1h | 20m 47s | $6K | $182K | 50x |
Bitget MSTRUSDT
ApeX Omni MSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. 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
- $220.08
- Price spread: −0.231% → −0.022%
- −$20.92
- Slippage, 4 orders
- −$86.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $90.37
- Costs to cover
- 1.088%
- Break-even
- 4.1 days
Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 43 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 Bitget live order book, 3 min ago | 0.92 bp | 8.8 bp −$9 | 15.4 bp −$154 | 23.8 bp −$2,381 | doesn't fit |
| Sell ApeX Omni live order book, 43 min ago | 3.04 bp | 44.3 bp −$44 | 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 MSTRUSDTlong | −0.0948% | 8h | 164.15 | long leg | $27.2M | $116.3M | 25x | |
| Aster MSTRUSDT | 0.0000% | 8h | 163.98 | −0.105% | $1.8M | $8.6M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.05 | −0.061% | $4.6M | $19.2M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.97 | −0.110% | $2.8M | $77K | 10x | as long as short |
| Lighter MSTR | +0.0032% | 1h | 163.98 | −0.104% | $3.5M | $1.9M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.84 | −0.186% | $588K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.162% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.95 | −0.122% | $26K | $110K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.74 | −0.250% | — | $1.7M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0046% | 8h | 164.05 | −0.061% | $20.8M | $99.0M | 50x | as long as short |
Aster MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Lighter MSTR
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
OKX MSTR-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 163.97 | −0.110% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.91 | −0.146% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.54 | −0.372% | $846K | $3.9M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0065% | 8h | 163.98 | −0.103% | $66 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.95 | −0.122% | $1.4M | $7.3M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 163.93 | −0.137% | $100K | $84K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.89 | −0.158% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.0100% | 1h | 163.77 | −0.231% | $6K | $182K | 50x | |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.01 | −0.085% | $4K | $8K | 10x | as long as short |
| Variational Omni MSTR | +0.0102% | 8h | 164.03 | −0.075% | $1.2M | $2.1M | — | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.03 | −0.076% | $136 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0165% | 8h | 164.04 | −0.068% | $86.6M | $617.5M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 163.88 | −0.164% | $1.4M | $1.1M | 10x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0171% | 8h | 164.00 | −0.091% | $75K | $825K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0231% | 1h | 164.03 | −0.073% | $266K | $445K | 10x | as long as short |
| Nado MSTR-PERP | +0.0255% | 1h | 163.82 | −0.204% | $121K | $148K | 3x | as long as short |
| tradeXYZ xyz:MSTR | +0.0260% | 1h | 164.00 | −0.091% | $54.6M | $37.1M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0285% | 8h | 164.10 | −0.030% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0325% | 8h | 164.05 | −0.061% | $16.6M | $41.1M | 50x | as long as short |
| Phoenix MSTR | +0.0340% | 1h | 163.95 | −0.120% | $56K | $226K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0382% | 4h | 163.84 | −0.192% | $49K | $5.3M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0665% | 1h | 164.08 | −0.043% | $279K | $438K | 10x | as long as short |
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Paradex MSTR-USD-PERP
QFEX MSTR-USD
Pacifica MSTR
KuCoin MSTRUSDTM
Orderly PERP_MSTR_USDC_mythos
Variational Omni MSTR
Aevo MSTR-PERP
Binance MSTRUSDT
Coinbase International MSTR-PERP-INTX
GRVT MSTR_USDT_Perp
RISEx MSTR/USDC
Nado MSTR-PERP
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
Phoenix MSTR
edgeX MSTRUSDC
Deribit MSTR_USDC-PERPETUAL