MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.036%

Price spread now: ApeX Omni against tradeXYZ−0.091%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1111.112% of the position

Long on tradeXYZ Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.346%+$35 · spread now −0.091%, 7d avg +0.043%

Together, before fees+0.231%+ Points / potential airdroptradeXYZ: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.135% cheaper against tradeXYZ than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	164.39	0.0236	pay 0.0030% / 1h	33m 19s	$54.7M	$36.9M	10x
Short	ApeX Omni MSTRUSDT	164.24	0.0100	get 0.0013% / 1h	33m 19s	$6K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against tradeXYZ. 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 tradeXYZbpFee ApeX OmnibpOrdersPrice spread, now −0.091%Rate

Funding earned: −$28.63
Price spread: −0.091% → +0.043%: −$13.46
Slippage, 4 orders: −$83.21
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$153.29
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; ApeX Omni: live order book, 36 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 tradeXYZ live order book, 6 min ago	0.61 bp	10.6 bp −$11	12.3 bp −$123	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	3.02 bp	51.9 bp −$52	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	−0.0926%	8h	164.61	+0.134%	$27.8M	$115.1M	25x	as long as short
Gate MSTR_USDT	−0.0014%	8h	164.47	+0.049%	$4.6M	$18.5M	50x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.26	−0.080%	$1.8M	$8.5M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	164.49	+0.061%	$20.6M	$99.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.23	−0.097%	$2.8M	$72K	10x	as long as short
Lighter MSTR	+0.0032%	1h	164.22	−0.103%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.18	−0.131%	$595K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.011%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.32	−0.044%	$266K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.37	−0.012%	$26K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MSTR-USD-PERP	+0.0046%	1h	164.20	−0.116%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	164.32	−0.043%	$380K	$2.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	164.13	−0.158%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.13	−0.158%	$865K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.26	−0.079%	$1.4M	$7.5M	10x	as long as short
Variational Omni MSTR	+0.0067%	8h	164.09	−0.185%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.27	−0.075%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.28	−0.067%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDTshort	+0.0100%	1h	164.24	−0.091%	$6K	$185K	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.35	−0.024%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.35	−0.022%	$136	—	10x	as long as short
Binance MSTRUSDT	+0.0127%	8h	164.39	+0.001%	$87.8M	$618.2M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	164.21	−0.107%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0154%	8h	164.35	−0.025%	$78K	$771K	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.164%	$1.4M	$1.1M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	164.20	−0.117%	$56K	$226K	10x	as long as short
tradeXYZ xyz:MSTRlong	+0.0236%	1h	164.39	long leg	$54.7M	$36.9M	10x
BloFin MSTR-USDT	+0.0248%	8h	164.38	−0.006%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0252%	1h	164.15	−0.146%	$121K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0361%	8h	164.48	+0.055%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0542%	1h	164.24	−0.091%	$279K	$438K	10x	as long as short
edgeX MSTRUSDC	+0.0934%	4h	164.29	−0.064%	$49K	$5.4M	10x	as long as short