MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0131%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h −0.080%

Price spread now: ApeX Omni against RISEx+0.096%7-day average −0.023% · 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−$90as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on RISEx Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.216%−$22 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.096%, 7d avg −0.023%

Together, before fees−0.155%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.119% dearer against RISEx than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of −0.023%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	164.08	0.0231	pay 0.0029% / 1h	41m 08s	$266K	$445K	10x
Short	ApeX Omni MSTRUSDT	164.24	0.0100	get 0.0013% / 1h	41m 08s	$6K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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 RISExbpFee ApeX OmnibpOrdersPrice spread, now +0.096%Rate

Funding earned: −$27.46
Price spread: +0.096% → −0.023%: $11.89
Slippage, 4 orders: −$86.36
Fee RISEx: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$117.92
Costs to cover: 1.024%
Break-even: never at this rate

Slippage from RISEx: live order book, 12 min ago; ApeX Omni: live order book, 23 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 RISEx live order book, 12 min ago	2.73 bp	5.7 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 23 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 MSTRUSDT	−0.0891%	8h	164.29	+0.127%	$27.8M	$115.4M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.03	−0.029%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.18	+0.060%	$4.6M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.14	+0.035%	$2.8M	$76K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.96	−0.071%	$593K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.204%	$8K	$26K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0037%	8h	164.15	+0.041%	$20.6M	$99.4M	50x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.33	+0.151%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	163.96	−0.075%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.06	−0.014%	$380K	$2.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	164.12	+0.023%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.07	−0.008%	$853K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.13	+0.029%	$1.4M	$7.3M	10x	as long as short
Lighter MSTR	+0.0072%	1h	164.02	−0.038%	$3.5M	$1.9M	10x	as long as short
Variational Omni MSTR	+0.0094%	8h	164.16	+0.045%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.08	0.000%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.01	−0.044%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	164.24	+0.096%	$6K	$182K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.99	−0.056%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.05	−0.020%	$136	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	164.12	+0.024%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.15	+0.041%	$86.8M	$615.9M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0167%	8h	164.42	+0.204%	$75K	$803K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.96	−0.075%	$1.4M	$1.1M	10x	as long as short
RISEx MSTR/USDClong	+0.0231%	1h	164.08	long leg	$266K	$445K	10x
tradeXYZ xyz:MSTR	+0.0248%	1h	164.08	−0.001%	$54.7M	$37.0M	10x	as long as short
Nado MSTR-PERP	+0.0255%	1h	164.09	+0.003%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.12	+0.023%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0330%	8h	164.16	+0.047%	$16.7M	$40.8M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	164.53	+0.274%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0797%	4h	164.29	+0.125%	$49K	$5.3M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0848%	1h	164.09	+0.005%	$279K	$438K	10x	as long as short