Settings8H · net · $10k
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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.013%
Price spread now: ApeX Omni against QFEX+0.012%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1031.033% of the position
Long on QFEXShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.112%+$11 on $10k
Price spread, last 4 days (all we have)+0.181%+$18 · spread now +0.012%, 7d avg +0.006%
Together, before fees+0.293%+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD163.980.0067pay 0.0008% / 1h15m 06s$1.4M$7.3M10x
ShortApeX Omni MSTRUSDT164.000.0100get 0.0013% / 1h15m 06s$6K$182K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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

Funding earned
$7.02
Price spread: +0.012% → +0.006%
$0.65
Slippage, 4 orders
−$83.34
Fee QFEX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$95.66
Costs to cover
1.033%
Break-even
102.4 days
Slippage from QFEX: live order book, 4 min ago; ApeX Omni: live order book, 49 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 4 min ago1.22 bp6.2 bp −$66.9 bp −$69doesn't fitdoesn't fit
Sell ApeX Omni live order book, 49 min ago3.04 bp44.3 bp −$44doesn't fitdoesn't fitdoesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MSTRUSDT−0.0944%8h164.11+0.079%$27.2M$116.5M25xas long as short
Aster MSTRUSDT0.0000%8h164.01+0.017%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h164.05+0.043%$4.6M$19.2M50xas long as short
Phemex MSTRUSDT0.0000%4h164.08+0.061%$2.8M$77K10xas long as short
Lighter MSTR+0.0032%1h163.92−0.037%$3.5M$2.0M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.87−0.067%$601K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.269%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h164.08+0.061%$26K$110K10xas long as short
OKX MSTR-USDT-SWAP+0.0046%8h164.01+0.018%$20.8M$99.1M50xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.83−0.091%—$1.7M25xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MSTR-USD+0.0050%1h163.96−0.012%$380K$2.7M10xas long as short
SoDEX MSTR-USD+0.0050%1h163.93−0.030%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.76−0.134%$849K$4.0M10xas long as short
QFEX MSTR-USDlong+0.0067%1h163.98long leg$1.4M$7.3M10x
Paradex MSTR-USD-PERP+0.0069%8h163.95−0.018%$66—5xas long as short
Pacifica MSTR+0.0100%1h163.96−0.013%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.91−0.043%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDTshort+0.0100%1h164.00+0.012%$6K$182K50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.980.000%$4K$8K10xas long as short
Variational Omni MSTR+0.0100%8h163.92−0.039%$1.2M$2.1M—as long as short
Aevo MSTR-PERP+0.0104%1h163.95−0.015%$136—10xas long as short
Binance MSTRUSDT+0.0163%8h163.980.000%$86.1M$618.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0166%8h164.12+0.087%$76K$826K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.84−0.085%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h164.02+0.024%$266K$445K10xas long as short
Nado MSTR-PERP+0.0248%1h163.85−0.077%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0257%1h163.94−0.024%$54.6M$37.1M10xas long as short
BloFin MSTR-USDT+0.0283%8h163.94−0.024%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0320%8h164.03+0.030%$16.6M$41.1M50xas long as short
Phoenix MSTR+0.0340%1h164.09+0.070%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0666%1h163.980.000%$279K$438K10xas long as short
edgeX MSTRUSDC+0.0956%4h164.10+0.072%$48K$5.4M10xas long as short