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 18:00 UTC+0.0050%/8h
next payment, per $10,000+$0.06paid, last 24h−0.003%paid, last 5 days−0.131%to open and close $10k−$133
Long on Polymarket PerpsShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MSTR-USD166.870.0050pay 0.0006% / 1h43m 40s$405K$2.3M10x
ShortApeX Omni MSTRUSDT166.930.0100get 0.0013% / 1h43m 40s$89K$1.5M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$10.5
Slippage, 4 orders
−$114.51
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$122.01
Break-even
88.3 days
Slippage from Polymarket Perps: live order book, 1 min ago; ApeX Omni: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.036%
Avg gap 7d
+0.030%
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 Polymarket Perps live order book, 1 min ago1.80 bp8.6 bp −$910.3 bp −$10321.3 bp −$2,135doesn't fit
Sell ApeX Omni live order book, 2 min ago2.70 bp56.4 bp −$56doesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Nado MSTR-PERP−0.0043%1h$125K$243K3xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.3M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$42K10xas long as short
RISEx MSTR/USDC+0.0017%1h$295K$467K10xas long as short
Lighter MSTR+0.0032%1h$3.6M$2.6M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$496K$2.0M10xas long as short
QFEX MSTR-USD+0.0041%1h$1.3M$9.5M10xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.8M25xas long as short
tradeXYZ xyz:MSTR+0.0050%1h$56.6M$32.1M10xas long as short
Polymarket Perps MSTR-USDlong+0.0050%1h$405K$2.3M10x
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$817K$4.7M10xas long as short
Paradex MSTR-USD-PERP+0.0073%8h$67—5xas long as short
Pacifica MSTR+0.0100%1h$102K$152K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h$2.5M$2.6M20xas long as short
ApeX Omni MSTRUSDTshort+0.0100%1h$89K$1.5M50x
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.1M10xas long as short
Bybit MSTRUSDT+0.0171%8h$15.4M$41.5M50xas long as short
Variational Omni MSTR+0.0177%8h$1.3M$2.2M—as long as short
OKX MSTR-USDT-SWAP+0.0185%8h$22.5M$101.4M50xas long as short
Phoenix MSTR+0.0215%1h$55K$388K10xas long as short
Binance MSTRUSDT+0.0220%8h$91.1M$573.3M50xas long as short
Aster MSTRUSDT+0.0220%8h$1.3M$6.0M50xas long as short
Injective MSTR/USDC PERP+0.0249%1h$12K$68K30xas long as short
Bitget MSTRUSDT+0.0253%8h$28.7M$111.7M25xas long as short
BloFin MSTR-USDT+0.0344%8h$1.1M$1.5M20xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0410%1h$283K$455K10xas long as short
Arcus MSTR-USD+0.0599%1h$26K$130K10xas long as short
edgeX MSTRUSDC+0.0876%4h$50K$5.0M10xas long as short