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Funding arb · Price arb /

MSTR

RWAall MSTR markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: QFEX against Polymarket Perps+0.043%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Long on Polymarket PerpsShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.176%−$18 on $10k
Price spread, last 7 days+0.110%+$11 · spread now +0.043%, 7d avg +0.034%
Together, before fees−0.066%−$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MSTR-USD163.540.0050pay 0.0006% / 1h54m 37s$379K$2.7M10x
ShortQFEX MSTR-USD163.610.0054get 0.0007% / 1h54m 37s$1.4M$7.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
$0.74
Price spread: +0.043% → +0.034%
$0.91
Slippage, 4 orders
−$10.85
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$27.2
Costs to cover
0.289%
Break-even
264.6 days
Slippage from Polymarket Perps: live order book, 4 min ago; QFEX: live order book, 4 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, 4 min ago2.75 bp8.7 bp −$99.2 bp −$9211.5 bp −$1,154doesn't fit
Sell QFEX live order book, 4 min ago1.53 bp6.5 bp −$78.7 bp −$87doesn't fitdoesn'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−0.0987%8h163.77+0.141%$27.0M$116.9M25xas long as short
Aster MSTRUSDT0.0000%8h163.58+0.026%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h163.68+0.086%$4.6M$19.1M50xas long as short
Phemex MSTRUSDT0.0000%4h164.00+0.281%$2.8M$77K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.45−0.052%$599K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.547%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.73+0.116%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.34−0.122%—$1.7M25xas long as short
Lighter MSTR+0.0048%1h163.51−0.018%$3.5M$1.9M10xas long as short
Polymarket Perps MSTR-USDlong+0.0050%1h163.54long leg$379K$2.7M10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.64+0.061%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.65+0.067%$817K$3.9M10xas long as short
OKX MSTR-USDT-SWAP+0.0053%8h163.64+0.061%$20.7M$99.1M50xas long as short
QFEX MSTR-USDshort+0.0054%1h163.61+0.043%$1.4M$7.2M10x
RISEx MSTR/USDC+0.0088%1h163.61+0.043%$265K$446K10xas long as short
Paradex MSTR-USD-PERP+0.0088%8h163.56+0.012%$65—5xas long as short
Variational Omni MSTR+0.0094%8h163.78+0.148%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h163.60+0.035%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.47−0.043%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.61+0.043%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.58+0.024%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.58+0.025%$136—10xas long as short
GRVT MSTR_USDT_Perp+0.0153%8h163.82+0.171%$83K$824K10xas long as short
Binance MSTRUSDT+0.0160%8h163.61+0.043%$85.8M$619.4M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.57+0.018%$1.4M$1.1M10xas long as short
BloFin MSTR-USDT+0.0280%8h163.68+0.086%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0290%1h163.44−0.059%$121K$148K3xas long as short
tradeXYZ xyz:MSTR+0.0299%1h163.57+0.018%$54.5M$37.1M10xas long as short
Bybit MSTRUSDT+0.0321%8h163.67+0.079%$16.6M$41.2M50xas long as short
Phoenix MSTR+0.0340%1h163.63+0.053%$56K$226K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0668%1h163.58+0.024%$278K$438K10xas long as short
edgeX MSTRUSDC+0.0842%4h163.64+0.060%$48K$5.4M10xas long as short