Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%
Price spread now: Polymarket Perps against SoDEX+0.018%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MSTR-USD163.310.0050pay 0.0006% / 1h55m 37s$43K$3K10x
ShortPolymarket Perps MSTR-USD163.340.0050get 0.0006% / 1h55m 37s$377K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SoDEX. 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
Price spread: +0.018% → 0.000%
$1.84
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$14.16
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample—————
Sell Polymarket Perps live order book, 3 min ago2.75 bp7.1 bp −$710.9 bp −$109doesn't fitdoesn't fit
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0903%8h163.55+0.147%$28.7M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.48+0.104%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.32+0.006%$2.7M$78K10xas long as short
Aster MSTRUSDT+0.0016%8h163.22−0.053%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.19−0.077%$509K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.692%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.58+0.165%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0045%1h163.29−0.012%—$1.8M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.34+0.018%$377K$2.7M10x
SoDEX MSTR-USDlong+0.0050%1h163.31long leg$43K$3K10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h163.48+0.104%$843K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.36+0.031%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.34+0.017%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.33+0.012%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.33+0.012%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.38+0.043%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.37+0.039%$136—10xas long as short
OKX MSTR-USDT-SWAP+0.0121%8h163.42+0.067%$20.8M$100.8M50xas long as short
Paradex MSTR-USD-PERP+0.0141%8h163.34+0.015%$65—5xas long as short
Variational Omni MSTR+0.0143%8h163.37+0.035%$1.2M$2.1M—as long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.096%$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0162%1h163.28−0.018%$54.1M$37.5M10xas long as short
Binance MSTRUSDT+0.0216%8h163.35+0.024%$83.8M$629.1M50xas long as short
Lighter MSTR+0.0216%1h163.34+0.018%$3.5M$2.0M10xas long as short
GRVT MSTR_USDT_Perp+0.0229%8h163.55+0.146%$83K$865K10xas long as short
BloFin MSTR-USDT+0.0336%8h163.49+0.110%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0343%1h163.30−0.004%$130K$157K3xas long as short
Phoenix MSTR+0.0362%1h163.67+0.223%$56K$223K10xas long as short
Bybit MSTRUSDT+0.0375%8h163.34+0.018%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h163.37+0.037%$263K$437K10xas long as short
edgeX MSTRUSDC+0.0458%4h163.50+0.119%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0669%1h163.38+0.043%$278K$437K10xas long as short