Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h +0.012%

Price spread now: GRVT against Polymarket Perps+0.179%63s7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.290% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.179%, 7d avg +0.051%

Together, before fees−0.335%+ Points / potential airdropGRVT: Active · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.128% dearer against Polymarket Perps than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.051%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	164.48	0.0050	pay 0.0006% / 1h	56m 05s	$380K	$2.7M	10x
Short	GRVT MSTR_USDT_Perp	164.77	0.0179	get 0.0179% / 8h	3h 56m	$82K	$792K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.179%Rate

Funding earned: $27.09
Price spread: +0.179% → +0.051%: $12.79
Slippage, 4 orders: −$12.05
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $10.83
Costs to cover: 0.290%
Break-even: 4.2 days

Slippage from Polymarket Perps: live order book, 3 min ago; GRVT: live order book, 62 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	1.21 bp	8.8 bp −$9	10.1 bp −$101	11.4 bp −$1,138	doesn't fit
Sell GRVT live order book, 62 min ago	0.91 bp	8.7 bp −$9	14.4 bp −$144	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	−0.0902%	8h	164.73	+0.152%	$27.9M	$115.2M	25x	as long as short
Aster MSTRUSDT	0.0000%	8h	164.57	+0.054%	$1.8M	$8.5M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	164.69	+0.128%	$4.6M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	164.73	+0.152%	$2.8M	$75K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0024%	8h	164.64	+0.097%	$20.7M	$99.6M	50x	as long as short
Lighter MSTR	+0.0032%	1h	164.67	+0.116%	$3.5M	$1.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	164.49	+0.003%	$594K	$1.9M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+2.955%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	164.74	+0.158%	$26K	$109K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	164.50	+0.012%	—	$1.7M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USDlong	+0.0050%	1h	164.48	long leg	$380K	$2.7M	10x
SoDEX MSTR-USD	+0.0050%	1h	164.67	+0.116%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	164.40	−0.049%	$862K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0067%	1h	164.59	+0.067%	$1.4M	$7.4M	10x	as long as short
Variational Omni MSTR	+0.0099%	8h	164.66	+0.107%	$1.2M	$2.1M	—	as long as short
Pacifica MSTR	+0.0100%	1h	164.56	+0.050%	$101K	$83K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	164.59	+0.067%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	164.62	+0.085%	$6K	$186K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	164.61	+0.079%	$3K	$8K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	164.63	+0.092%	$137	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0132%	1h	164.61	+0.079%	$54.8M	$37.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0138%	8h	164.59	+0.064%	$66	—	5x	as long as short
Binance MSTRUSDT	+0.0157%	8h	164.62	+0.085%	$86.9M	$615.7M	50x	as long as short
edgeX MSTRUSDC	+0.0159%	4h	164.73	+0.155%	$49K	$5.3M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0168%	1h	164.12	−0.219%	$1.4M	$1.1M	10x	as long as short
GRVT MSTR_USDT_Perpshort	+0.0179%	8h	164.77	+0.179%	$82K	$792K	10x
Phoenix MSTR	+0.0213%	1h	164.76	+0.168%	$56K	$226K	10x	as long as short
Nado MSTR-PERP	+0.0230%	1h	164.42	−0.034%	$121K	$148K	3x	as long as short
RISEx MSTR/USDC	+0.0231%	1h	164.61	+0.082%	$267K	$445K	10x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	164.69	+0.128%	$1.0M	$2.0M	20x	as long as short
Bybit MSTRUSDT	+0.0341%	8h	164.65	+0.103%	$17.0M	$40.8M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0723%	1h	164.66	+0.109%	$280K	$438K	10x	as long as short