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

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against Extended+0.018%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Long on ExtendedShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.018%, 7d avg +0.015%
Together, before fees−0.034%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSTR_24_5-USD163.780.0032pay 0.0004% / 1h57m 23s$592K$2.1M10x
ShortPolymarket Perps MSTR-USD163.810.0050get 0.0006% / 1h57m 23s$379K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Extended. 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
$3.78
Price spread: +0.018% → +0.015%
$0.29
Slippage, 4 orders
−$19.18
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$28.11
Costs to cover
0.322%
Break-even
59.1 days
Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago3.36 bp7.6 bp −$825.2 bp −$252doesn't fitdoesn'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%8h164.04+0.158%$29.8M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.95+0.103%$4.7M$18.3M50xas long as short
Phemex MSTRUSDT0.0000%4h163.88+0.060%$2.8M$85K10xas long as short
Lighter MSTR+0.0032%1h163.86+0.048%$3.5M$1.7M10xas long as short
Extended MSTR_24_5-USDlong+0.0032%1h163.78long leg$592K$2.1M10x
Injective MSTR/USDC PERP+0.0033%1h169.34+3.394%$8K$25K30xas long as short
Arcus MSTR-USD+0.0040%1h163.98+0.122%$26K$114K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.86+0.048%—$1.8M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.81+0.018%$379K$2.7M10x
Ondo Perps MSTR-USD.P+0.0050%1h162.96−0.501%$895K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.99+0.128%$1.4M$7.1M10xas long as short
Nado MSTR-PERP+0.0067%1h163.81+0.016%$125K$165K3xas long as short
Aster MSTRUSDT+0.0084%8h163.85+0.040%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.92+0.087%$101K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.76−0.013%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.45−0.202%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.93+0.091%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.89+0.066%$136—10xas long as short
Bybit MSTRUSDT+0.0105%8h163.96+0.109%$17.2M$41.5M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.62−0.709%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0129%8h163.91+0.078%$66—5xas long as short
Variational Omni MSTR+0.0202%8h163.25−0.322%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0210%8h163.94+0.097%$20.9M$99.9M50xas long as short
tradeXYZ xyz:MSTR+0.0251%1h163.93+0.091%$54.2M$37.7M10xas long as short
Binance MSTRUSDT+0.0278%8h163.98+0.123%$84.4M$620.2M50xas long as short
Phoenix MSTR+0.0357%1h163.79+0.004%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0398%8h163.94+0.097%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0400%1h163.97+0.114%$269K$417K10xas long as short
GRVT MSTR_USDT_Perp+0.0485%8h163.68−0.062%$80K$858K10xas long as short
SoDEX MSTR-USD+0.0552%1h163.90+0.073%$43K$3K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0604%1h163.98+0.122%$279K$437K10xas long as short
edgeX MSTRUSDC+0.0936%4h163.43−0.213%$47K$5.3M10xas long as short