Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.022%

Price spread now: Gate against Polymarket Perps+0.091%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Polymarket Perps Short on Gate

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+0.096%+$10 · spread now +0.091%, 7d avg +0.091%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.143%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	164.85	0.0050	pay 0.0006% / 1h	51m 15s	$382K	$2.7M	10x
Short	Gate MSTR_USDT	165.00	−0.0042	pay 0.0042% / 8h	4h 51m	$4.6M	$18.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.091%Rate

Funding earned: −$19.32
Price spread: +0.091% → +0.091%: −$0.03
Slippage, 4 orders: −$19.31
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.67
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	1.51 bp	9.3 bp −$9	10.3 bp −$103	12.9 bp −$1,293	doesn't fit
Sell Gate live order book, 2 min ago	2.12 bp	16.7 bp −$17	30.7 bp −$307	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	−0.0795%	8h	165.09	+0.146%	$27.8M	$114.8M	25x	as long as short
Gate MSTR_USDTshort	−0.0042%	8h	165.00	+0.091%	$4.6M	$18.4M	50x
Aster MSTRUSDT	0.0000%	8h	164.88	+0.016%	$1.8M	$8.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.98	+0.079%	$2.8M	$71K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0008%	8h	164.98	+0.079%	$20.7M	$99.8M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.83	−0.012%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.81	−0.024%	$598K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.724%	$8K	$26K	30x	as long as short
RISEx MSTR/USDC	+0.0034%	1h	164.89	+0.024%	$267K	$449K	10x	as long as short
Arcus MSTR-USD	+0.0040%	1h	165.20	+0.212%	$27K	$109K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MSTR	+0.0044%	8h	165.37	+0.314%	$1.2M	$2.1M	—	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.99	+0.085%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	164.85	long leg	$382K	$2.7M	10x
SoDEX MSTR-USD	+0.0050%	1h	164.96	+0.067%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.99	+0.085%	$868K	$4.1M	10x	as long as short
QFEX MSTR-USD	+0.0054%	1h	164.85	0.000%	$1.4M	$7.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	164.81	−0.022%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.78	−0.042%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	165.02	+0.103%	$6K	$185K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.90	+0.030%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.92	+0.041%	$137	—	10x	as long as short
Binance MSTRUSDT	+0.0116%	8h	164.90	+0.030%	$88.1M	$617.2M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0136%	8h	164.77	−0.047%	$66	—	5x	as long as short
GRVT MSTR_USDT_Perp	+0.0155%	8h	165.23	+0.229%	$79K	$758K	10x	as long as short
edgeX MSTRUSDC	+0.0167%	4h	165.21	+0.216%	$49K	$5.4M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.73	−0.073%	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0211%	1h	164.87	+0.012%	$55.0M	$36.8M	10x	as long as short
Phoenix MSTR	+0.0213%	1h	165.22	+0.224%	$56K	$226K	10x	as long as short
BloFin MSTR-USDT	+0.0236%	8h	165.02	+0.103%	$1.0M	$2.0M	20x	as long as short
Nado MSTR-PERP	+0.0306%	1h	164.78	−0.041%	$122K	$148K	3x	as long as short
Bybit MSTRUSDT	+0.0354%	8h	164.99	+0.085%	$17.2M	$40.6M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0843%	1h	164.92	+0.042%	$280K	$438K	10x	as long as short