MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0407%/8h= +44.5% APRnext payment +$0.51 per $10,000 · paid last 24h +0.051%

Price spread now: Arcus against Polymarket Perps+0.077%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.077%, 7d avg +0.028%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Arcus is 0.049% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.028%. Mind the row above: over the last 3 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.067% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. 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	Polymarket Perps MSTR-USD	168.96	0.0050	pay 0.0006% / 1h	45m 40s	$401K	$2.6M	10x
Short	Arcus MSTR-USD	169.09	0.0457	get 0.0057% / 1h	45m 40s	$27K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Polymarket Perps. 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee ArcusbpOrdersPrice spread, now +0.077%Rate

Funding earned: $85.41
Price spread: +0.077% → +0.028%: $4.87
Slippage, 4 orders: −$22.1
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $55.68
Costs to cover: 0.346%
Break-even: 2.4 days

Slippage from Polymarket Perps: live order book, 3 min ago; Arcus: live order book, 37 min ago.

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 Polymarket Perps live order book, 3 min ago	1.18 bp	5.7 bp −$6	7.1 bp −$71	10.5 bp −$1,052	doesn't fit
Sell Arcus live order book, 37 min ago	5.60 bp	9.5 bp −$10	36.2 bp −$362	doesn't fit	doesn't fit

MSTR on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MSTR-PERP	−0.0094%	1h	168.96	−0.001%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	169.08	+0.069%	$1.2M	$6.2M	50x	as long as short
Binance MSTRUSDT	0.0000%	8h	169.18	+0.132%	$88.4M	$629.2M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	169.22	+0.154%	$22.1M	$106.9M	50x	as long as short
RISEx MSTR/USDC	0.0000%	1h	169.02	+0.035%	$275K	$446K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.10	+0.083%	$4.8M	$19.3M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.20	+0.142%	$1.2M	$2.4M	—	as long as short
GRVT MSTR_USDT_Perp	0.0000%	8h	169.23	+0.161%	$74K	$935K	10x	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.10	+0.083%	$2.9M	$60K	10x	as long as short
BloFin MSTR-USDT	+0.0007%	8h	169.02	+0.036%	$1.1M	$1.8M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MSTR	+0.0032%	1h	169.14	+0.107%	$3.6M	$2.5M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.02	+0.036%	$585K	$1.9M	10x	as long as short
QFEX MSTR-USD	+0.0042%	1h	169.02	+0.036%	$1.5M	$10.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.09	+0.077%	—	$2.1M	25x	as long as short
Bitget MSTRUSDT	+0.0049%	8h	169.14	+0.107%	$28.8M	$119.8M	25x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	168.96	long leg	$401K	$2.6M	10x
SoDEX MSTR-USD	+0.0050%	1h	169.03	+0.041%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.93	−0.018%	$752K	$5.1M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	168.93	−0.018%	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0077%	8h	169.12	+0.096%	$68	—	5x	as long as short
Bybit MSTRUSDT	+0.0079%	8h	169.20	+0.142%	$15.2M	$40.9M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0090%	1h	169.14	+0.107%	$57.0M	$38.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.18	+0.128%	$103K	$114K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	169.06	+0.059%	$2.6M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.02	+0.036%	$4K	$661K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.07	+0.065%	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.05	+0.053%	$140	—	10x	as long as short
Phoenix MSTR	+0.0231%	1h	169.12	+0.092%	$57K	$394K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0282%	1h	169.15	+0.112%	$287K	$439K	10x	as long as short
Injective MSTR/USDC PERP	+0.0333%	1h	169.25	+0.172%	$13K	$22K	30x	as long as short
Arcus MSTR-USDshort	+0.0457%	1h	169.09	+0.077%	$27K	$134K	10x
edgeX MSTRUSDC	+0.0654%	4h	169.21	+0.149%	$48K	$5.4M	10x	as long as short