Funding you earn now, next payment 00:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.050%
Price spread now: Polymarket Perps against tradeXYZ0.000%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now 0.000%, 7d avg −0.007%
=Together, before fees−0.031%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MSTR | 169.41 | 0.0202 | pay 0.0025% / 1h | 42m 14s | $57.2M | $37.5M | 10x |
| Short | Polymarket Perps MSTR-USD | 169.41 | 0.0050 | get 0.0006% / 1h | 42m 14s | $390K | $2.8M | 10x |
tradeXYZ xyz:MSTR
Polymarket Perps MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against tradeXYZ. 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
- −$31.83
- Price spread: 0.000% → −0.007%
- $0.66
- Slippage, 4 orders
- −$11.7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$68.87
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Polymarket Perps: live order book, 2 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 tradeXYZ live order book, 7 min ago | 0.59 bp | 11.3 bp −$11 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 2.36 bp | 9.9 bp −$10 | 11.0 bp −$110 | 12.3 bp −$1,230 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | 0.0000% | 8h | 169.45 | +0.024% | $1.3M | $6.1M | 50x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.44 | +0.018% | $4.8M | $19.4M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.63 | +0.132% | $1.2M | $2.4M | — | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.55 | +0.083% | $2.9M | $65K | 10x | as long as short |
| RISEx MSTR/USDC | +0.0001% | 1h | 169.47 | +0.032% | $276K | $442K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0023% | 8h | 169.43 | +0.012% | $22.1M | $106.6M | 50x | as long as short |
| BloFin MSTR-USDT | +0.0027% | 8h | 169.38 | −0.018% | $1.1M | $1.8M | 20x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0035% | 8h | 169.60 | +0.114% | $77K | $879K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.62 | +0.124% | — | $2.1M | 25x | as long as short |
| QFEX MSTR-USD | +0.0049% | 1h | 169.48 | +0.041% | $1.5M | $10.2M | 10x | as long as short |
Aster MSTRUSDT
Gate MSTR_USDT
Variational Omni MSTR
Phemex MSTRUSDT
RISEx MSTR/USDC
OKX MSTR-USDT-SWAP
BloFin MSTR-USDT
GRVT MSTR_USDT_Perp
Vest MSTR-USD-PERP
QFEX MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USDshort | +0.0050% | 1h | 169.41 | 0.000% | $390K | $2.8M | 10x | |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.33 | −0.047% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 169.30 | −0.065% | $781K | $5.2M | 10x | as long as short |
| Binance MSTRUSDT | +0.0058% | 8h | 169.39 | −0.012% | $89.3M | $628.9M | 50x | as long as short |
| Bitget MSTRUSDT | +0.0063% | 8h | 169.35 | −0.035% | $28.7M | $120.0M | 25x | as long as short |
| Nado MSTR-PERP | +0.0064% | 1h | 169.35 | −0.035% | $140K | $97K | 3x | as long as short |
| Extended MSTR_24_5-USD | +0.0072% | 1h | 169.25 | −0.093% | $583K | $1.8M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0096% | 1h | 169.32 | −0.053% | $1.5M | $1.2M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.42 | +0.008% | $105K | $87K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.41 | 0.000% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.22 | −0.112% | $4K | $357K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.36 | −0.030% | $3K | $11K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0104% | 1h | 169.08 | −0.195% | $13K | $21K | 30x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.36 | −0.029% | $141 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.0109% | 8h | 169.36 | −0.030% | $15.2M | $40.5M | 50x | as long as short |
| Lighter MSTR | +0.0120% | 1h | 169.32 | −0.053% | $3.6M | $2.4M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0147% | 8h | 169.45 | +0.022% | $68 | — | 5x | as long as short |
| tradeXYZ xyz:MSTRlong | +0.0202% | 1h | 169.41 | long leg | $57.2M | $37.5M | 10x | |
| Phoenix MSTR | +0.0260% | 1h | 169.52 | +0.067% | $57K | $392K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0636% | 1h | 169.41 | 0.000% | $288K | $438K | 10x | as long as short |
| Arcus MSTR-USD | +0.0738% | 1h | 169.53 | +0.071% | $27K | $129K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0778% | 4h | 169.65 | +0.142% | $47K | $5.5M | 10x | as long as short |
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Binance MSTRUSDT
Bitget MSTRUSDT
Nado MSTR-PERP
Extended MSTR_24_5-USD
Coinbase International MSTR-PERP-INTX
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Injective MSTR/USDC PERP
Aevo MSTR-PERP
Bybit MSTRUSDT
Lighter MSTR
Paradex MSTR-USD-PERP
Phoenix MSTR
Deribit MSTR_USDC-PERPETUAL
Arcus MSTR-USD
edgeX MSTRUSDC