Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.082%

Price spread now: Polymarket Perps against Gate−0.030%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.030%, 7d avg −0.087%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.057% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.087%. Mind the row above: over the last 7 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MSTR_USDT	169.03	0	get 0.0000% / 8h	6m 02s	$4.7M	$19.6M	50x
Short	Polymarket Perps MSTR-USD	168.98	0.0050	get 0.0006% / 1h	6m 02s	$399K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.030%Rate

Funding earned: $10.5
Price spread: −0.030% → −0.087%: $5.73
Slippage, 4 orders: −$22.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$28.88
Costs to cover: 0.451%
Break-even: 26.3 days

Slippage from Gate: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 Gate live order book, 3 min ago	2.37 bp	15.5 bp −$16	37.5 bp −$375	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	3.85 bp	8.3 bp −$8	8.4 bp −$84	10.7 bp −$1,065	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
Nado MSTR-PERP	−0.0045%	1h	168.95	−0.046%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.97	−0.038%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.13	+0.059%	$21.9M	$106.2M	50x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	169.03	long leg	$4.7M	$19.6M	50x
Variational Omni MSTR	0.0000%	8h	169.00	−0.016%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.01	−0.012%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.05	+0.012%	$275K	$441K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0028%	8h	169.01	−0.013%	$77K	$871K	10x	as long as short
Bitget MSTRUSDT	+0.0029%	8h	169.11	+0.047%	$28.7M	$119.9M	25x	as long as short
BloFin MSTR-USDT	+0.0030%	8h	169.13	+0.059%	$1.1M	$1.9M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.02	−0.006%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.95	−0.048%	$581K	$1.8M	10x	as long as short
Binance MSTRUSDT	+0.0043%	8h	169.09	+0.036%	$89.2M	$628.9M	50x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.09	+0.035%	—	$2.1M	25x	as long as short
QFEX MSTR-USD	+0.0049%	1h	169.02	−0.006%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USDshort	+0.0050%	1h	168.98	−0.030%	$399K	$2.8M	10x
SoDEX MSTR-USD	+0.0050%	1h	169.05	+0.012%	$45K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.91	−0.071%	$773K	$5.2M	10x	as long as short
Bybit MSTRUSDT	+0.0061%	8h	169.11	+0.047%	$15.1M	$40.3M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0096%	8h	169.00	−0.017%	$68	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.166%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.96	−0.041%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.95	−0.047%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.93	−0.059%	$4K	$280K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.97	−0.035%	$3K	$10K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	168.88	−0.089%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.97	−0.034%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0127%	1h	169.02	−0.006%	$57.1M	$36.9M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.00	−0.015%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0400%	4h	168.97	−0.037%	$47K	$5.5M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0698%	1h	169.02	−0.006%	$287K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.09	+0.035%	$27K	$129K	10x	as long as short