MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.039%

Price spread now: Injective against Polymarket Perps+2.955%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 2.955% dearer against Polymarket Perps than usual: you sell high and buy low (spread +2.955% now, against zero (this spread has no 7-day history yet)): +$295 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 months. At the pace of the last 7 days (−0.092% in total) that is about 8 months. The two prices were read 51 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 10s	$380K	$2.7M	10x
Short	Injective MSTR/USDC PERP	169.34	0.0033	get 0.0004% / 1h	56m 10s	$8K	$26K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.955%Rate

Funding earned: −$3.5
Price spread: +2.955% → 0.000%: $295.48
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $283.96
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	+0.0033%	1h	169.34	+2.955%	$8K	$26K	30x
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_Perp	+0.0179%	8h	164.77	+0.179%	$82K	$792K	10x	as long as short
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