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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 19:00 UTC+0.0050%/8h
next payment, per $10,000+$0.06paid, last 24h+0.011%paid, last 7 days−0.006%to open and close $10k−$33
Long on Polymarket PerpsShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MSTR-USD166.420.0050pay 0.0006% / 1h24m 59s$404K$2.3M10x
ShortPacifica MSTR166.400.0100get 0.0013% / 1h24m 59s$102K$153K10x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$10.5
Slippage, 4 orders
−$17.31
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$22.81
Break-even
22.2 days
Slippage from Polymarket Perps: live order book, 5 min ago; Pacifica: live order book, 9 min ago.

Price risk

price view
Price gap now
−0.015%
Avg gap 7d
+0.005%
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, 5 min ago2.71 bp7.0 bp −$77.8 bp −$7819.1 bp −$1,915doesn't fit
Sell Pacifica live order book, 9 min ago1.21 bp12.7 bp −$13doesn't fitdoesn't fitdoesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
RISEx MSTR/USDC0.0000%1h$286K$469K10xas long as short
Gate MSTR_USDT0.0000%8h$4.8M$18.7M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$46K10xas long as short
Lighter MSTR+0.0032%1h$3.5M$2.6M10xas long as short
Extended MSTR_24_5-USD+0.0032%1h$577K$2.1M10xas long as short
Nado MSTR-PERP+0.0044%1h$124K$235K3xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.9M25xas long as short
Polymarket Perps MSTR-USDlong+0.0050%1h$404K$2.3M10x
SoDEX MSTR-USD+0.0050%1h$44K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h$777K$4.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
QFEX MSTR-USD+0.0065%1h$1.4M$9.8M10xas long as short
Paradex MSTR-USD-PERP+0.0084%8h$67—5xas long as short
tradeXYZ xyz:MSTR+0.0087%1h$56.6M$33.9M10xas long as short
Pacifica MSTRshort+0.0100%1h$102K$153K10x
KuCoin MSTRUSDTM+0.0100%8h$2.6M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$4K$1.4M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Variational Omni MSTR+0.0103%8h$1.2M$2.4M—as long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0104%1h$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAP+0.0121%8h$22.2M$102.6M50xas long as short
Aster MSTRUSDT+0.0145%8h$1.3M$6.1M50xas long as short
Binance MSTRUSDT+0.0157%8h$87.7M$598.9M50xas long as short
Injective MSTR/USDC PERP+0.0188%1h$12K$48K30xas long as short
Bitget MSTRUSDT+0.0224%8h$28.6M$113.1M25xas long as short
Phoenix MSTR+0.0237%1h$55K$384K10xas long as short
Bybit MSTRUSDT+0.0276%8h$15.5M$40.3M50xas long as short
BloFin MSTR-USDT+0.0277%8h$1.1M$1.6M20xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0471%1h$283K$483K10xas long as short
edgeX MSTRUSDC+0.0514%4h$45K$5.2M10xas long as short
Arcus MSTR-USD+0.0553%1h$27K$122K10xas long as short