Funding you earn now, next payment 06:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.23 per $10,000 · paid last 24h +0.050%
Price spread now: tradeXYZ against Polymarket Perps−0.085%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days+0.142%+$14 · spread now −0.085%, 7d avg +0.008%
=Together, before fees+0.201%+ Points / potential airdroptradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.093% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.008%). If the spread goes back, that is −$9 on $10k: about 40 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.058% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 164.01 | 0.0050 | pay 0.0006% / 1h | 5m 09s | $378K | $2.7M | 10x |
| Short | tradeXYZ xyz:MSTR | 163.87 | 0.0238 | get 0.0030% / 1h | 5m 09s | $54.3M | $37.4M | 10x |
Polymarket Perps MSTR-USD
tradeXYZ xyz:MSTRFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $39.47
- Price spread: −0.085% → +0.008%
- −$9.31
- Slippage, 4 orders
- −$9.36
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$5.21
- Costs to cover
- 0.354%
- Break-even
- 7.9 days
Slippage from Polymarket Perps: live order book, 4 min ago; tradeXYZ: live order book, 4 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, 4 min ago | 1.22 bp | 8.5 bp −$8 | 9.7 bp −$97 | 11.4 bp −$1,144 | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.31 bp | 9.3 bp −$9 | 10.9 bp −$109 | 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 | −0.1037% | 8h | 164.19 | +0.110% | $28.4M | $119.0M | 25x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 164.05 | +0.024% | $4.7M | $19.8M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 163.77 | −0.146% | $2.8M | $78K | 10x | as long as short |
| Aster MSTRUSDT | +0.0018% | 8h | 163.93 | −0.047% | $1.8M | $8.7M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 163.85 | −0.095% | $511K | $2.0M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.250% | $8K | $26K | 30x | as long as short |
| Vest MSTR-USD-PERP | +0.0033% | 1h | 164.12 | +0.067% | — | $1.8M | 25x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.03 | +0.012% | $26K | $113K | 10x | as long as short |
| Polymarket Perps MSTR-USDlong | +0.0050% | 1h | 164.01 | long leg | $378K | $2.7M | 10x | |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 163.77 | −0.146% | $853K | $3.9M | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Phemex MSTRUSDT
Aster MSTRUSDT
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
Vest MSTR-USD-PERP
Arcus MSTR-USD
Ondo Perps MSTR-USD.PShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | +0.0054% | 1h | 164.09 | +0.049% | $1.3M | $7.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.0088% | 1h | 164.15 | +0.085% | $264K | $442K | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.05 | +0.022% | $101K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 163.93 | −0.049% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 163.94 | −0.043% | $5K | $182K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 164.02 | +0.006% | $2K | $13K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 163.98 | −0.021% | $136 | — | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0122% | 8h | 164.00 | −0.006% | $20.8M | $101.1M | 50x | as long as short |
| Lighter MSTR | +0.0128% | 1h | 163.92 | −0.055% | $3.5M | $2.0M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0146% | 8h | 164.20 | +0.116% | $66 | — | 5x | as long as short |
| Variational Omni MSTR | +0.0147% | 8h | 164.18 | +0.101% | $1.2M | $2.1M | — | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 161.52 | −1.518% | $1.4M | $1.1M | 10x | as long as short |
| Binance MSTRUSDT | +0.0221% | 8h | 164.00 | −0.006% | $84.2M | $629.3M | 50x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0236% | 8h | 164.07 | +0.038% | $79K | $854K | 10x | as long as short |
| tradeXYZ xyz:MSTRshort | +0.0238% | 1h | 163.87 | −0.085% | $54.3M | $37.4M | 10x | |
| Nado MSTR-PERP | +0.0335% | 1h | 164.15 | +0.083% | $131K | $157K | 3x | as long as short |
| BloFin MSTR-USDT | +0.0341% | 8h | 163.97 | −0.024% | $1.0M | $2.1M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0360% | 1h | 163.92 | −0.055% | $279K | $438K | 10x | as long as short |
| Phoenix MSTR | +0.0362% | 1h | 163.88 | −0.079% | $56K | $226K | 10x | as long as short |
| Bybit MSTRUSDT | +0.0375% | 8h | 164.07 | +0.037% | $16.9M | $41.9M | 50x | as long as short |
| SoDEX MSTR-USD | +0.0416% | 1h | 163.97 | −0.024% | $43K | $3K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0838% | 4h | 164.00 | −0.004% | $46K | $5.4M | 10x | as long as short |
QFEX MSTR-USD
RISEx MSTR/USDC
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
OKX MSTR-USDT-SWAP
Lighter MSTR
Paradex MSTR-USD-PERP
Variational Omni MSTR
Coinbase International MSTR-PERP-INTX
Binance MSTRUSDT
GRVT MSTR_USDT_Perp
Nado MSTR-PERP
BloFin MSTR-USDT
Deribit MSTR_USDC-PERPETUAL
Phoenix MSTR
Bybit MSTRUSDT
SoDEX MSTR-USD
edgeX MSTRUSDC