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

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.046%
Price spread now: Polymarket Perps against Binance−0.101%46s7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as 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−$280.279% of the position
Long on BinanceShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 7 days0.000%$0 · spread now −0.101%, 7d avg −0.103%
Together, before fees+0.051%+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.103%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MSTRUSDT163.910.0278pay 0.0278% / 8h7h 57m$84.4M$620.1M50x
ShortPolymarket Perps MSTR-USD163.740.0050get 0.0006% / 1h57m 40s$379K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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
−$47.87
Price spread: −0.101% → −0.103%
$0.19
Slippage, 4 orders
−$9.93
Fee Binance: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$75.61
Costs to cover
0.279%
Break-even
never at this rate
Slippage from Binance: live order book, 16 min ago; Polymarket Perps: live order book, 6 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 Binance live order book, 16 min ago0.31 bp5.8 bp −$69.4 bp −$9428.8 bp −$2,875doesn't fit
Sell Polymarket Perps live order book, 6 min ago2.45 bp6.8 bp −$77.5 bp −$7510.5 bp −$1,048doesn'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−0.0356%8h164.06+0.094%$29.8M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h164.00+0.057%$4.7M$18.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.75−0.095%$2.8M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.77−0.082%$592K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.315%$8K$25K30xas long as short
Lighter MSTR+0.0040%1h163.93+0.015%$3.5M$1.7M10xas long as short
Arcus MSTR-USD+0.0040%1h163.98+0.045%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.76−0.089%—$1.8M25xas long as short
Nado MSTR-PERP+0.0047%1h163.67−0.144%$125K$165K3xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.74−0.101%$379K$2.7M10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.96−0.577%$895K$3.7M10xas long as short
QFEX MSTR-USD+0.0061%1h163.99+0.051%$1.4M$7.1M10xas long as short
Aster MSTRUSDT+0.0084%8h163.78−0.077%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.92+0.010%$101K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.77−0.083%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.16−0.455%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.83−0.046%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.80−0.062%$136—10xas long as short
Bybit MSTRUSDT+0.0105%8h163.93+0.015%$17.2M$41.6M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.785%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0129%8h163.91+0.001%$66—5xas long as short
Variational Omni MSTR+0.0202%8h163.25−0.398%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0206%8h164.02+0.070%$20.9M$100.0M50xas long as short
tradeXYZ xyz:MSTR+0.0228%1h163.91+0.002%$54.2M$37.7M10xas long as short
GRVT MSTR_USDT_Perp+0.0267%8h163.37−0.324%$80K$858K10xas long as short
Binance MSTRUSDTlong+0.0278%8h163.91long leg$84.4M$620.1M50x
Phoenix MSTR+0.0357%1h163.34−0.343%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.68−0.138%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0400%1h163.80−0.063%$269K$418K10xas long as short
SoDEX MSTR-USD+0.0544%1h163.78−0.077%$43K$3K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0605%1h163.87−0.022%$279K$437K10xas long as short
edgeX MSTRUSDC+0.0963%4h163.30−0.368%$46K$5.4M10xas long as short