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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 07:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Polymarket Perps against Aevo−0.072%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on AevoShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 5 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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.072% cheaper against Aevo than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo MSTR-PERP163.870.0104pay 0.0013% / 1h20m 13s$136—10x
ShortPolymarket Perps MSTR-USD163.750.0050get 0.0006% / 1h20m 13s$379K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aevo. 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
−$11.34
Price spread: −0.072% → 0.000%
−$7.2
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$42.54
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Polymarket Perps: live order book, 4 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 Aevo no order-book sample—————
Sell Polymarket Perps live order book, 4 min ago1.53 bp6.4 bp −$67.3 bp −$7310.0 bp −$997doesn't fit
Aevo: 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−0.0837%8h163.99+0.074%$29.0M$118.8M25xas long as short
Gate MSTR_USDT0.0000%8h163.88+0.007%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.92+0.032%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.69−0.106%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.339%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.60−0.164%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.73−0.084%—$1.8M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.75−0.072%$379K$2.7M10x
Ondo Perps MSTR-USD.P+0.0050%1h163.64−0.139%$840K$3.9M10xas long as short
Aster MSTRUSDT+0.0050%8h163.73−0.083%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.80−0.041%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.80−0.040%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.73−0.084%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.29−0.353%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.88+0.007%$2K$13K10xas long as short
Aevo MSTR-PERPlong+0.0104%1h163.87long leg$136—10x
SoDEX MSTR-USD+0.0132%1h163.80−0.041%$43K$3K10xas long as short
Lighter MSTR+0.0136%1h163.79−0.048%$3.5M$2.0M10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.433%$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0165%8h163.78−0.054%$20.8M$100.7M50xas long as short
Variational Omni MSTR+0.0166%8h163.76−0.068%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0173%8h163.84−0.017%$66—5xas long as short
Binance MSTRUSDT+0.0250%8h163.80−0.041%$84.1M$627.3M50xas long as short
tradeXYZ xyz:MSTR+0.0259%1h163.79−0.048%$54.3M$37.2M10xas long as short
GRVT MSTR_USDT_Perp+0.0259%8h163.42−0.273%$83K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.43−0.267%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0365%8h163.80−0.041%$1.0M$2.1M20xas long as short
Nado MSTR-PERP+0.0367%1h163.72−0.088%$131K$157K3xas long as short
RISEx MSTR/USDC+0.0381%1h163.89+0.013%$266K$428K10xas long as short
Bybit MSTRUSDT+0.0391%8h163.74−0.078%$16.9M$41.8M50xas long as short
edgeX MSTRUSDC+0.0831%4h163.42−0.272%$46K$5.4M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0910%1h163.93+0.038%$279K$437K10xas long as short