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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.022%
Price spread now: Gate against Polymarket Perps+0.074%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Long on Polymarket PerpsShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.143%+$14 on $10k
Price spread, last 7 days+0.049%+$5 · spread now +0.074%, 7d avg +0.089%
Together, before fees+0.192%+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.143%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MSTR-USD163.090.0050pay 0.0006% / 1h48m 14s$377K$2.7M10x
ShortGate MSTR_USDT163.210get 0.0000% / 8h1h 48m$4.7M$19.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$10.5
Price spread: +0.074% → +0.089%
−$1.55
Slippage, 4 orders
−$21.38
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$56.44
Costs to cover
0.444%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; Gate: live order book, 6 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 Polymarket Perps live order book, 6 min ago1.23 bp9.2 bp −$910.3 bp −$10312.2 bp −$1,218doesn't fit
Sell Gate live order book, 6 min ago1.84 bp14.4 bp −$1434.9 bp −$349doesn't fitdoesn'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−0.0883%8h163.34+0.153%$28.6M$119.1M25xas long as short
Gate MSTR_USDTshort0.0000%8h163.21+0.074%$4.7M$19.5M50x
Phemex MSTRUSDT0.0000%4h163.28+0.117%$2.7M$78K10xas long as short
Aster MSTRUSDT+0.0020%8h163.12+0.017%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.96−0.077%$503K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.832%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.33+0.147%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.95−0.086%—$1.8M25xas long as short
Polymarket Perps MSTR-USDlong+0.0050%1h163.09long leg$377K$2.7M10x
SoDEX MSTR-USD+0.0050%1h163.10+0.006%$43K$3K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MSTR-USD.P+0.0050%1h162.98−0.067%$842K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.17+0.049%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.17+0.051%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.090.000%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.11+0.012%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.12+0.018%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.14+0.028%$135—10xas long as short
OKX MSTR-USDT-SWAP+0.0125%8h163.13+0.025%$20.7M$100.5M50xas long as short
Variational Omni MSTR+0.0143%8h163.26+0.103%$1.2M$2.1M—as long as short
Lighter MSTR+0.0144%1h163.08−0.006%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERP+0.0145%8h163.20+0.067%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−0.963%$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0203%1h163.07−0.012%$54.1M$37.3M10xas long as short
Binance MSTRUSDT+0.0220%8h163.11+0.013%$83.7M$628.6M50xas long as short
edgeX MSTRUSDC+0.0223%4h163.25+0.098%$46K$5.4M10xas long as short
GRVT MSTR_USDT_Perp+0.0230%8h163.31+0.135%$79K$876K10xas long as short
Nado MSTR-PERP+0.0315%1h162.97−0.072%$130K$157K3xas long as short
Phoenix MSTR+0.0328%1h163.31+0.134%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0340%8h163.14+0.031%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0378%8h163.18+0.055%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h163.18+0.052%$262K$437K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0548%1h163.090.000%$277K$437K10xas long as short