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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 09:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: Polymarket Perps against Pacifica−0.049%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$340.338% of the position
Long on PacificaShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)+0.177%+$18 · spread now −0.049%, 7d avg −0.007%
Together, before fees+0.183%+ Points / potential airdropPacifica: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.042% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica MSTR163.310.0100pay 0.0013% / 1h22m 46s$100K$88K10x
ShortPolymarket Perps MSTR-USD163.230.0050get 0.0006% / 1h22m 46s$377K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Pacifica. 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
−$10.5
Price spread: −0.049% → −0.007%
−$4.22
Slippage, 4 orders
−$17.83
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$48.55
Costs to cover
0.338%
Break-even
never at this rate
Slippage from Pacifica: live order book, 46 min ago; Polymarket Perps: live order book, 41 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 Pacifica live order book, 46 min ago1.04 bp5.0 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 41 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
Gate MSTR_USDT0.0000%8h163.57+0.159%$4.7M$18.7M50xas long as short
Bitget MSTRUSDT0.0000%8h163.78+0.288%$30.9M$117.4M25xas long as short
Phemex MSTRUSDT0.0000%4h163.43+0.073%$2.7M$86K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.37+0.034%$589K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h162.61−0.429%$7K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.45+0.086%$26K$112K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.37+0.037%—$1.7M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.23−0.049%$377K$2.7M10x
SoDEX MSTR-USD+0.0050%1h163.310.000%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.61−0.429%$900K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0061%1h163.38+0.043%$1.3M$7.0M10xas long as short
Pacifica MSTRlong+0.0100%1h163.31long leg$100K$88K10x
KuCoin MSTRUSDTM+0.0100%8h163.32+0.006%$2.4M$2.8M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.35−0.588%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.33+0.012%$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.36+0.029%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0120%1h162.26−0.643%$1.4M$1.1M10xas long as short
Aster MSTRUSDT+0.0130%8h163.44+0.078%$1.8M$8.7M50xas long as short
Paradex MSTR-USD-PERP+0.0174%8h163.32+0.005%$65—5xas long as short
Nado MSTR-PERP+0.0183%1h163.25−0.037%$125K$143K3xas long as short
Lighter MSTR+0.0184%1h163.55+0.147%$3.5M$1.8M10xas long as short
Variational Omni MSTR+0.0232%8h162.49−0.500%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0240%8h163.83+0.318%$20.9M$96.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0254%8h162.77−0.331%$84K$846K10xas long as short
edgeX MSTRUSDC+0.0263%4h162.66−0.395%$46K$5.4M10xas long as short
Binance MSTRUSDT+0.0321%8h163.63+0.197%$85.0M$614.0M50xas long as short
RISEx MSTR/USDC+0.0400%1h163.38+0.046%$266K$392K10xas long as short
tradeXYZ xyz:MSTR+0.0412%1h163.81+0.306%$53.9M$36.1M10xas long as short
BloFin MSTR-USDT+0.0441%8h163.62+0.190%$1.0M$2.1M20xas long as short
Phoenix MSTR+0.0460%1h162.99−0.197%$55K$223K10xas long as short
Bybit MSTRUSDT+0.0544%8h163.77+0.282%$17.2M$40.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0729%1h163.57+0.159%$278K$422K10xas long as short