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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.035%
Price spread now: OKX against Polymarket Perps+0.024%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Long on Polymarket PerpsShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 7 days+0.086%+$9 · spread now +0.024%, 7d avg +0.081%
Together, before fees+0.056%+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.056% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.081%). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MSTR-USD163.590.0050pay 0.0006% / 1h38m 07s$378K$2.7M10x
ShortOKX MSTR-USDT-SWAP163.630.0199get 0.0199% / 8h38m 07s$20.9M$100.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$31.31
Price spread: +0.024% → +0.081%
−$5.61
Slippage, 4 orders
−$12.15
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$4.44
Costs to cover
0.302%
Break-even
8.0 days
Slippage from Polymarket Perps: live order book, 6 min ago; OKX: live order book, 1 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 Polymarket Perps live order book, 6 min ago2.44 bp9.5 bp −$912.0 bp −$12013.8 bp −$1,380doesn't fit
Sell OKX live order book, 1 min ago0.31 bp6.6 bp −$712.4 bp −$12458.0 bp −$5,797doesn'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
Bitget MSTRUSDT−0.0385%8h163.77+0.110%$29.4M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.65+0.037%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.72+0.079%$2.8M$82K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.47−0.076%$502K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.515%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h164.02+0.263%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.65+0.037%—$1.8M25xas long as short
Polymarket Perps MSTR-USDlong+0.0050%1h163.59long leg$378K$2.7M10x
SoDEX MSTR-USD+0.0050%1h163.63+0.024%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.79+0.122%$868K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0067%1h163.63+0.024%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0078%8h163.64+0.028%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.65+0.035%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.590.000%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.92+0.202%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.65+0.037%$2K$13K10xas long as short
Lighter MSTR+0.0104%1h163.58−0.006%$3.5M$2.0M10xas long as short
Aevo MSTR-PERP+0.0104%1h163.51−0.047%$136—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h161.52−1.265%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0170%8h163.66+0.046%$65—5xas long as short
OKX MSTR-USDT-SWAPshort+0.0199%8h163.63+0.024%$20.9M$100.1M50x
Variational Omni MSTR+0.0202%8h164.04+0.277%$1.2M$2.0M—as long as short
Binance MSTRUSDT+0.0273%8h163.60+0.006%$84.3M$620.7M50xas long as short
GRVT MSTR_USDT_Perp+0.0283%8h164.14+0.336%$85K$849K10xas long as short
Nado MSTR-PERP+0.0311%1h163.59+0.002%$125K$165K3xas long as short
Phoenix MSTR+0.0357%1h164.20+0.372%$56K$223K10xas long as short
BloFin MSTR-USDT+0.0393%8h163.77+0.110%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0416%8h163.60+0.006%$17.1M$41.7M50xas long as short
RISEx MSTR/USDC+0.0493%1h163.69+0.061%$266K$417K10xas long as short
tradeXYZ xyz:MSTR+0.0510%1h163.69+0.061%$54.1M$37.5M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0606%1h163.70+0.067%$278K$437K10xas long as short
edgeX MSTRUSDC+0.0859%4h164.05+0.282%$46K$5.4M10xas long as short