MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.145%

Price spread now: Polymarket Perps against RISEx−0.041%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on RISEx Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.041%, 7d avg −0.039%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.147%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	168.92	0.0001	pay 0.0000% / 1h	23m 45s	$275K	$441K	10x
Short	Polymarket Perps MSTR-USD	168.85	0.0050	get 0.0006% / 1h	23m 45s	$394K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against RISEx. 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 RISExbpFee Polymarket PerpsbpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.32
Price spread: −0.041% → −0.039%: −$0.23
Slippage, 4 orders: −$10.35
Fee RISEx: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.27
Costs to cover: 0.244%
Break-even: 16.7 days

Slippage from RISEx: live order book, 55 min ago; Polymarket Perps: live order book, 5 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 RISEx live order book, 55 min ago	1.18 bp	4.2 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	3.85 bp	8.1 bp −$8	9.8 bp −$98	12.0 bp −$1,203	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
Nado MSTR-PERP	−0.0019%	1h	168.90	−0.012%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.84	−0.048%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.77	−0.089%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.01	+0.051%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.05	+0.077%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDClong	+0.0001%	1h	168.92	long leg	$275K	$441K	10x
OKX MSTR-USDT-SWAP	+0.0010%	8h	168.78	−0.083%	$21.9M	$106.3M	50x	as long as short
Lighter MSTR	+0.0032%	1h	168.73	−0.112%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.85	−0.041%	$583K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.03	+0.065%	—	$2.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0046%	8h	168.76	−0.095%	$28.6M	$120.0M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0048%	8h	169.09	+0.103%	$77K	$879K	10x	as long as short
QFEX MSTR-USD	+0.0049%	1h	168.92	0.000%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USDshort	+0.0050%	1h	168.85	−0.041%	$394K	$2.8M	10x
SoDEX MSTR-USD	+0.0050%	1h	168.84	−0.047%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.76	−0.095%	$779K	$5.2M	10x	as long as short
Binance MSTRUSDT	+0.0062%	8h	168.81	−0.065%	$88.8M	$628.9M	50x	as long as short
BloFin MSTR-USDT	+0.0064%	8h	168.97	+0.030%	$1.1M	$1.9M	20x	as long as short
Bybit MSTRUSDT	+0.0085%	8h	168.81	−0.065%	$15.1M	$40.4M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.101%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.89	−0.017%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.78	−0.083%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.94	+0.012%	$4K	$354K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.88	−0.024%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.172%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.84	−0.046%	$140	—	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0105%	1h	168.88	−0.024%	$287K	$438K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0117%	8h	168.89	−0.015%	$68	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0164%	1h	168.74	−0.107%	$57.0M	$37.2M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.01	+0.053%	$57K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0539%	4h	168.98	+0.038%	$47K	$5.4M	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.01	+0.053%	$27K	$129K	10x	as long as short