Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against Polymarket Perps−0.012%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 7 days+0.078%+$8 · spread now −0.012%, 7d avg +0.043%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.055% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.043%). If the spread goes back, that is −$5 on $10k: about 3.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	166.02	0.0050	pay 0.0006% / 1h	9m 28s	$383K	$2.3M	10x
Short	KuCoin MSTRUSDTM	166.00	0.0100	get 0.0100% / 8h	6h 09m	$2.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.012%Rate

Funding earned: $10.5
Price spread: −0.012% → +0.043%: −$5.48
Slippage, 4 orders: −$52.15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$67.13
Costs to cover: 0.721%
Break-even: 51.8 days

Slippage from Polymarket Perps: live order book, 2 min ago; KuCoin: live order book, 5 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, 2 min ago	0.90 bp	5.8 bp −$6	9.1 bp −$91	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.11 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit

MSTR on 32 exchanges

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
Gate MSTR_USDT	0.0000%	8h	166.09	+0.042%	$4.9M	$18.5M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	166.12	+0.060%	$32.0M	$106.6M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.09	+0.042%	$2.8M	$85K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.88	−0.087%	$511K	$1.8M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.18	+0.096%	—	$1.7M	25x	as long as short
Lighter MSTR	+0.0048%	1h	166.01	−0.006%	$3.5M	$1.8M	10x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	166.02	long leg	$383K	$2.3M	10x
SoDEX MSTR-USD	+0.0050%	1h	165.99	−0.018%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.86	−0.096%	$881K	$3.3M	10x	as long as short
QFEX MSTR-USD	+0.0076%	1h	165.98	−0.024%	$1.3M	$6.2M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	165.92	−0.058%	$101K	$74K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	166.00	−0.012%	$2.4M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	165.85	−0.102%	$6K	$157K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.04	+0.012%	$3K	$10K	10x	as long as short
Nado MSTR-PERP	+0.0101%	1h	165.93	−0.055%	$127K	$133K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0104%	8h	166.00	−0.009%	$66	—	5x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.05	+0.017%	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	165.78	−0.145%	$1.4M	$393K	10x	as long as short
Aster MSTRUSDT	+0.0213%	8h	166.03	+0.006%	$1.8M	$7.0M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0273%	1h	166.01	−0.006%	$54.8M	$34.3M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0275%	8h	166.03	+0.006%	$21.6M	$85.1M	50x	as long as short
Bybit MSTRUSDT	+0.0276%	8h	166.12	+0.060%	$17.1M	$38.5M	50x	as long as short
Variational Omni MSTR	+0.0305%	8h	165.95	−0.044%	$1.2M	$1.7M	—	as long as short
edgeX MSTRUSDC	+0.0338%	4h	166.00	−0.010%	$49K	$5.0M	10x	as long as short
Phoenix MSTR	+0.0355%	1h	165.98	−0.023%	$55K	$217K	10x	as long as short
Binance MSTRUSDT	+0.0395%	8h	166.02	0.000%	$86.9M	$545.9M	50x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	165.22	−0.482%	$7K	$28K	30x	as long as short
GRVT MSTR_USDT_Perp	+0.0466%	8h	166.03	+0.005%	$80K	$843K	10x	as long as short
BloFin MSTR-USDT	+0.0514%	8h	165.96	−0.036%	$1.1M	$1.9M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0533%	1h	166.06	+0.024%	$282K	$209K	10x	as long as short
RISEx MSTR/USDC	+0.0598%	1h	166.09	+0.042%	$274K	$353K	10x	as long as short
Arcus MSTR-USD	+0.0942%	1h	166.08	+0.036%	$26K	$71K	10x	as long as short