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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 06:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.067%
Price spread now: Polymarket Perps against BloFin−0.043%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Long on BloFinShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.167%−$17 on $10k
Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.043%, 7d avg −0.047%
Together, before fees−0.094%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MSTR-USDT163.700.0282pay 0.0282% / 8h2h 53m$1.0M$2.1M20x
ShortPolymarket Perps MSTR-USD163.630.0050get 0.0006% / 1h53m 14s$379K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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
−$48.7
Price spread: −0.043% → −0.047%
$0.44
Slippage, 4 orders
−$13.34
Fee BloFin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$81.6
Costs to cover
0.333%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 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 BloFin live order book, 5 min ago0.61 bp8.2 bp −$89.6 bp −$9619.8 bp −$1,98255.7 bp −$27.8K
Sell Polymarket Perps live order book, 6 min ago2.75 bp7.1 bp −$77.3 bp −$7310.5 bp −$1,045doesn'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−0.0988%8h163.93+0.141%$27.1M$116.9M25xas long as short
Aster MSTRUSDT0.0000%8h163.70+0.001%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.83+0.079%$4.6M$19.1M50xas long as short
Phemex MSTRUSDT0.0000%4h164.00+0.183%$2.8M$77K10xas long as short
edgeX MSTRUSDC+0.0003%4h163.64−0.037%$48K$5.4M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.56−0.082%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.445%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.73+0.018%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.36−0.208%—$1.7M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.63−0.043%$379K$2.7M10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.67−0.018%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.65−0.031%$817K$3.9M10xas long as short
QFEX MSTR-USD+0.0054%1h163.63−0.043%$1.4M$7.2M10xas long as short
OKX MSTR-USDT-SWAP+0.0055%8h163.79+0.055%$20.7M$99.2M50xas long as short
RISEx MSTR/USDC+0.0088%1h163.700.000%$265K$446K10xas long as short
Paradex MSTR-USD-PERP+0.0094%8h163.64−0.034%$65—5xas long as short
Variational Omni MSTR+0.0094%8h163.78+0.050%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.67−0.017%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.64−0.037%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.61−0.055%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.700.000%$4K$8K10xas long as short
Lighter MSTR+0.0104%1h163.65−0.031%$3.5M$1.9M10xas long as short
Aevo MSTR-PERP+0.0104%1h163.72+0.013%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0153%8h163.82+0.073%$83K$824K10xas long as short
Binance MSTRUSDT+0.0162%8h163.79+0.055%$85.9M$619.5M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57−0.079%$1.4M$1.1M10xas long as short
BloFin MSTR-USDTlong+0.0282%8h163.70long leg$1.0M$2.1M20x
Nado MSTR-PERP+0.0304%1h163.48−0.132%$121K$148K3xas long as short
Bybit MSTRUSDT+0.0325%8h163.82+0.073%$16.7M$41.2M50xas long as short
tradeXYZ xyz:MSTR+0.0329%1h163.74+0.024%$54.5M$37.1M10xas long as short
Phoenix MSTR+0.0362%1h163.69−0.005%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1156%1h163.76+0.037%$278K$438K10xas long as short