MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0382%/8h

paid, last 24h−0.025%paid, last 7 days−0.176%to open and close $10k−$32

Long on BloFin Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% a year). A funding rate is set anew for every payment. 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	BloFin MSTR-USDT	166.32	0.0432	pay 0.0432% / 8h	7h 39m	$1.1M	$1.4M	20x
Short	Polymarket Perps MSTR-USD	166.07	0.0050	get 0.0006% / 1h	39m 21s	$409K	$2.3M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$80.27
Slippage, 4 orders: −$11.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$112.2
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Polymarket Perps: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.150%
Avg gap 7d: −0.050%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 BloFin live order book, 5 min ago	0.60 bp	7.3 bp −$7	9.5 bp −$95	18.2 bp −$1,817	36.2 bp −$18.1K
Sell Polymarket Perps live order book, 6 min ago	2.71 bp	7.0 bp −$7	7.5 bp −$75	21.5 bp −$2,150	doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$39K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$499K	$2.2M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.3M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USDshort	+0.0050%	1h	$409K	$2.3M	10x
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$884K	$4.4M	10x	as long as short
Lighter MSTR	+0.0056%	1h	$3.6M	$2.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$152K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$129K	$1.8M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0112%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Nado MSTR-PERP	+0.0146%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0169%	1h	$56.7M	$31.1M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$55K	$380K	10x	as long as short
Variational Omni MSTR	+0.0254%	8h	$1.2M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0268%	8h	$22.2M	$100.9M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$292K	$477K	10x	as long as short
Aster MSTRUSDT	+0.0303%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0309%	8h	$89.5M	$555.2M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0324%	8h	$29.0M	$110.8M	25x	as long as short
BloFin MSTR-USDTlong	+0.0432%	8h	$1.1M	$1.4M	20x
Bybit MSTRUSDT	+0.0451%	8h	$15.4M	$41.8M	50x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0774%	1h	$282K	$454K	10x	as long as short
edgeX MSTRUSDC	+0.0922%	4h	$44K	$4.9M	10x	as long as short