MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.097%

Price spread now: Arcus against Polymarket Perps+0.116%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.116%, 7d avg +0.031%

Together, before fees−0.304%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.085% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.031%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 29 days. At the pace of the last 4 days (−0.053% in total) that is about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	163.56	0.0050	pay 0.0006% / 1h	55m 23s	$379K	$2.7M	10x
Short	Arcus MSTR-USD	163.75	0.0040	get 0.0005% / 1h	55m 23s	$26K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Polymarket Perps. 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 Polymarket PerpsbpFee ArcusbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$2.04
Price spread: +0.116% → +0.031%: $8.5
Slippage, 4 orders: −$24.34
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$30.38
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Arcus: live order book, 57 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 Polymarket Perps live order book, 4 min ago	2.75 bp	8.7 bp −$9	9.2 bp −$92	11.5 bp −$1,154	doesn't fit
Sell Arcus live order book, 57 min ago	6.07 bp	11.0 bp −$11	33.0 bp −$330	doesn't fit	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
Bitget MSTRUSDT	−0.0986%	8h	163.79	+0.141%	$27.0M	$116.9M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	163.57	+0.006%	$1.8M	$8.6M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.72	+0.098%	$4.6M	$19.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.00	+0.269%	$2.8M	$77K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	163.44	−0.070%	$599K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.534%	$8K	$26K	30x	as long as short
Arcus MSTR-USDshort	+0.0040%	1h	163.75	+0.116%	$26K	$109K	10x
Vest MSTR-USD-PERP	+0.0046%	1h	163.33	−0.141%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	163.56	long leg	$379K	$2.7M	10x
SoDEX MSTR-USD	+0.0050%	1h	163.72	+0.098%	$43K	$3K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MSTR-USDT-SWAP	+0.0050%	8h	163.60	+0.024%	$20.7M	$99.0M	50x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	163.65	+0.055%	$817K	$3.9M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	163.65	+0.055%	$1.4M	$7.2M	10x	as long as short
Lighter MSTR	+0.0056%	1h	163.59	+0.018%	$3.5M	$1.9M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0085%	8h	163.59	+0.018%	$65	—	5x	as long as short
RISEx MSTR/USDC	+0.0088%	1h	163.63	+0.043%	$265K	$446K	10x	as long as short
Variational Omni MSTR	+0.0094%	8h	163.78	+0.135%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	163.65	+0.056%	$100K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	163.48	−0.049%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	163.61	+0.031%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.73	+0.104%	$4K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.75	+0.115%	$136	—	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0153%	8h	163.82	+0.159%	$83K	$824K	10x	as long as short
Binance MSTRUSDT	+0.0160%	8h	163.57	+0.004%	$85.8M	$619.3M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	163.57	+0.006%	$1.4M	$1.1M	10x	as long as short
Nado MSTR-PERP	+0.0277%	1h	163.41	−0.091%	$121K	$148K	3x	as long as short
BloFin MSTR-USDT	+0.0278%	8h	163.79	+0.141%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0284%	1h	163.49	−0.043%	$54.4M	$37.1M	10x	as long as short
Bybit MSTRUSDT	+0.0319%	8h	163.65	+0.055%	$16.6M	$41.2M	50x	as long as short
Phoenix MSTR	+0.0340%	1h	163.63	+0.040%	$56K	$226K	10x	as long as short
edgeX MSTRUSDC	+0.0842%	4h	163.64	+0.048%	$48K	$5.4M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0850%	1h	163.78	+0.135%	$279K	$438K	10x	as long as short