data as of
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Funding arb /

MSTR

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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 spread now, next payment 16:00 UTC−0.0038%/8h
next payment, per $10,000−$0.05paid, last 24h−0.093%paid, last 7 days−0.003%to open and close $10k−$30
Long on ExtendedShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MSTR_24_5-USD166.550.0112pay 0.0014% / 1h38m 18s$508K$2.2M10x
ShortPolymarket Perps MSTR-USD166.740.0074get 0.0009% / 1h38m 18s$408K$2.1M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$8.03
Slippage, 4 orders
−$16.9
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$37.94
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Polymarket Perps: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.115%
Avg gap 7d
+0.009%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago3.89 bp7.7 bp −$826.7 bp −$267doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 2 min ago1.80 bp5.8 bp −$67.7 bp −$7710.2 bp −$1,018doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.9M$18.6M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$36K10xas long as short
Injective MSTR/USDC PERP+0.0033%1h$12K$97K30xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.6M25xas long as short
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$913K$4.5M10xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$9.2M10xas long as short
Polymarket Perps MSTR-USDshort+0.0074%1h$408K$2.1M10x
Nado MSTR-PERP+0.0076%1h$128K$260K3xas long as short
Pacifica MSTR+0.0100%1h$102K$164K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni MSTRUSDT+0.0100%1h$133K$2.1M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Extended MSTR_24_5-USDlong+0.0112%1h$508K$2.2M10x
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Paradex MSTR-USD-PERP+0.0133%8h$67—5xas long as short
KuCoin MSTRUSDTM+0.0173%8h$2.6M$2.6M20xas long as short
Lighter MSTR+0.0176%1h$3.6M$2.9M10xas long as short
Phoenix MSTR+0.0216%1h$56K$364K10xas long as short
Bybit MSTRUSDT+0.0244%8h$15.6M$43.3M50xas long as short
tradeXYZ xyz:MSTR+0.0252%1h$57.0M$31.5M10xas long as short
Variational Omni MSTR+0.0315%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0322%8h$22.2M$100.4M50xas long as short
Bitget MSTRUSDT+0.0375%8h$29.2M$110.1M25xas long as short
Binance MSTRUSDT+0.0379%8h$89.2M$531.1M50xas long as short
Aster MSTRUSDT+0.0391%8h$1.3M$5.9M50xas long as short
RISEx MSTR/USDC+0.0486%1h$305K$460K10xas long as short
BloFin MSTR-USDT+0.0500%8h$1.1M$1.4M20xas long as short
Arcus MSTR-USD+0.0705%1h$26K$125K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0710%1h$283K$456K10xas long as short
edgeX MSTRUSDC+0.0953%4h$62K$4.6M10xas long as short