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

MSTR

RWAall MSTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0824%/8h= −90.3% APRpaid last 24h −0.169%
Price spread now: Polymarket Perps against edgeX−0.092%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$370.375% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.059%+$6 on $10k
Price spread, last 7 days+0.016%+$2 · spread now −0.092%, 7d avg −0.066%
Together, before fees+0.075%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Polymarket Perps is 0.026% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.066%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MSTRUSDC163.790.0874pay 0.0437% / 4h1h 15m$46K$5.4M10x
ShortPolymarket Perps MSTR-USD163.640.0050get 0.0006% / 1h15m 20s$379K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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
−$173.09
Price spread: −0.092% → −0.066%
−$2.61
Slippage, 4 orders
−$20.49
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$213.19
Costs to cover
0.375%
Break-even
never at this rate
Slippage from edgeX: live order book, 4 min ago; Polymarket Perps: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 4 min ago5.50 bp11.0 bp −$1118.1 bp −$181doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 4 min ago2.14 bp6.7 bp −$77.6 bp −$7610.2 bp −$1,024doesn't fit

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−0.0743%8h163.84+0.030%$29.2M$118.9M25xas long as short
Gate MSTR_USDT0.0000%8h163.77−0.013%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.76−0.019%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.56−0.138%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.388%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.78−0.007%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.70−0.055%$1.8M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.64−0.092%$379K$2.7M10x
Ondo Perps MSTR-USD.P+0.0050%1h163.56−0.141%$850K$3.9M10xas long as short
Aster MSTRUSDT+0.0053%8h163.62−0.105%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.69−0.061%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.67−0.073%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.64−0.092%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.74−0.031%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.72−0.043%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.72−0.044%$13610xas long as short
Lighter MSTR+0.0120%1h163.64−0.092%$3.5M$2.0M10xas long as short
SoDEX MSTR-USD+0.0125%1h163.66−0.080%$43K$3K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.386%$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0165%8h163.71−0.049%$20.9M$100.6M50xas long as short
Paradex MSTR-USD-PERP+0.0166%8h163.68−0.066%$655xas long as short
Variational Omni MSTR+0.0175%8h163.69−0.064%$1.2M$2.1Mas long as short
tradeXYZ xyz:MSTR+0.0247%1h163.63−0.098%$54.2M$37.2M10xas long as short
Binance MSTRUSDT+0.0250%8h163.70−0.055%$84.2M$626.9M50xas long as short
GRVT MSTR_USDT_Perp+0.0267%8h163.79+0.002%$84K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.73−0.039%$56K$223K10xas long as short
Nado MSTR-PERP+0.0361%1h163.66−0.083%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0371%8h163.87+0.048%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.74−0.031%$265K$428K10xas long as short
Bybit MSTRUSDT+0.0387%8h163.77−0.013%$17.1M$41.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0667%1h163.74−0.031%$278K$437K10xas long as short
edgeX MSTRUSDClong+0.0874%4h163.79long leg$46K$5.4M10x