Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: Pacifica against Polymarket Perps+0.086%48s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as 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−$340.338% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.331%−$33 · spread now +0.086%, 7d avg +0.006%
=Together, before fees−0.336%+ Points / potential airdropPacifica: Active · farm board−$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.080% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.006%. The two prices were read 48 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 | 163.16 | 0.0050 | pay 0.0006% / 1h | 0m 47s | $377K | $2.7M | 10x |
| Short | Pacifica MSTR | 163.30 | 0.0100 | get 0.0013% / 1h | 0m 47s | $100K | $89K | 10x |
Polymarket Perps MSTR-USD
Pacifica MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: +0.086% → +0.006%
- $7.96
- Slippage, 4 orders
- −$17.83
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$15.37
- Costs to cover
- 0.338%
- Break-even
- 17.2 days
Slippage from Polymarket Perps: live order book, 3 min ago; Pacifica: live order book, 8 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 | 2.45 bp | 8.6 bp −$9 | 9.2 bp −$92 | 11.6 bp −$1,161 | doesn't fit |
| Sell Pacifica live order book, 8 min ago | 1.04 bp | 13.4 bp −$13 | doesn't fit | 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 | −0.0397% | 8h | 163.43 | +0.165% | $29.5M | $119.3M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 163.34 | +0.110% | $4.7M | $19.7M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.33 | +0.104% | $2.7M | $84K | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.22 | +0.040% | $589K | $2.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.788% | $8K | $26K | 30x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 163.33 | +0.104% | $26K | $114K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 163.08 | −0.049% | — | $1.8M | 25x | as long as short |
| Lighter MSTR | +0.0048% | 1h | 163.14 | −0.012% | $3.5M | $2.0M | 10x | as long as short |
| Polymarket Perps MSTR-USDlong | +0.0050% | 1h | 163.16 | long leg | $377K | $2.7M | 10x | |
| SoDEX MSTR-USD | +0.0050% | 1h | 163.24 | +0.049% | $43K | $3K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Arcus MSTR-USD
Vest MSTR-USD-PERP
Lighter MSTR
SoDEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.14 | −0.012% | $895K | $3.7M | 10x | as long as short |
| QFEX MSTR-USD | +0.0067% | 1h | 163.15 | −0.006% | $1.3M | $7.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.0079% | 8h | 163.25 | +0.057% | $1.8M | $8.7M | 50x | as long as short |
| Pacifica MSTRshort | +0.0100% | 1h | 163.30 | +0.086% | $100K | $89K | 10x | |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.19 | +0.018% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.16 | 0.000% | $6K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 163.27 | +0.067% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.29 | +0.082% | $136 | — | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0129% | 8h | 163.14 | −0.015% | $65 | — | 5x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0136% | 1h | 162.62 | −0.331% | $1.4M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | +0.0161% | 1h | 163.12 | −0.025% | $125K | $165K | 3x | as long as short |
| Variational Omni MSTR | +0.0202% | 8h | 163.25 | +0.057% | $1.2M | $2.0M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.0203% | 8h | 163.33 | +0.104% | $20.8M | $99.9M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0266% | 8h | 163.41 | +0.153% | $82K | $859K | 10x | as long as short |
| Binance MSTRUSDT | +0.0273% | 8h | 163.22 | +0.040% | $84.0M | $620.6M | 50x | as long as short |
| Phoenix MSTR | +0.0357% | 1h | 163.27 | +0.067% | $55K | $223K | 10x | as long as short |
| BloFin MSTR-USDT | +0.0393% | 8h | 163.29 | +0.080% | $1.0M | $2.1M | 20x | as long as short |
| Bybit MSTRUSDT | +0.0396% | 8h | 163.25 | +0.055% | $17.1M | $41.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0414% | 1h | 163.30 | +0.086% | $53.9M | $37.7M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0485% | 1h | 163.32 | +0.098% | $278K | $437K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0493% | 1h | 163.24 | +0.052% | $268K | $419K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0963% | 4h | 163.30 | +0.088% | $46K | $5.4M | 10x | as long as short |
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Aster MSTRUSDT
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTX
Nado MSTR-PERP
Variational Omni MSTR
OKX MSTR-USDT-SWAP
GRVT MSTR_USDT_Perp
Binance MSTRUSDT
Phoenix MSTR
BloFin MSTR-USDT
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Deribit MSTR_USDC-PERPETUAL
RISEx MSTR/USDC
edgeX MSTRUSDC