MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h +0.145%

Price spread now: RISEx against Polymarket Perps+0.038%52s7-day average +0.039% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.238% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.147%+$15 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.038%, 7d avg +0.039%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.147%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	168.84	0.0050	pay 0.0006% / 1h	12m 35s	$394K	$2.8M	10x
Short	RISEx MSTR/USDC	168.90	0.0001	get 0.0000% / 1h	12m 35s	$275K	$441K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$10.32
Price spread: +0.038% → +0.039%: −$0.15
Slippage, 4 orders: −$9.83
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$34.29
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; RISEx: live order book, 1 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, 6 min ago	2.07 bp	6.4 bp −$6	8.5 bp −$85	10.6 bp −$1,059	doesn't fit
Sell RISEx live order book, 1 min ago	0.89 bp	3.9 bp −$4	6.0 bp −$60	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	−0.0051%	1h	168.86	+0.010%	$139K	$97K	3x	as long as short
Aster MSTRUSDT	0.0000%	8h	168.90	+0.035%	$1.2M	$6.1M	50x	as long as short
OKX MSTR-USDT-SWAP	0.0000%	8h	168.91	+0.041%	$21.9M	$106.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	168.87	+0.018%	$4.7M	$19.5M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	168.95	+0.065%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	168.87	+0.018%	$2.9M	$66K	10x	as long as short
RISEx MSTR/USDCshort	+0.0001%	1h	168.90	+0.038%	$275K	$441K	10x
edgeX MSTRUSDC	+0.0011%	4h	168.93	+0.055%	$47K	$5.5M	10x	as long as short
Lighter MSTR	+0.0032%	1h	168.88	+0.024%	$3.6M	$2.4M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	168.79	−0.027%	$581K	$1.8M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MSTRUSDT	+0.0032%	8h	168.92	+0.047%	$28.7M	$120.0M	25x	as long as short
GRVT MSTR_USDT_Perp	+0.0037%	8h	168.88	+0.025%	$77K	$871K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	168.92	+0.047%	—	$2.1M	25x	as long as short
Binance MSTRUSDT	+0.0047%	8h	168.91	+0.039%	$89.1M	$629.2M	50x	as long as short
QFEX MSTR-USD	+0.0049%	1h	168.87	+0.018%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	168.84	long leg	$394K	$2.8M	10x
SoDEX MSTR-USD	+0.0050%	1h	168.85	+0.006%	$44K	$3K	10x	as long as short
BloFin MSTR-USDT	+0.0050%	8h	168.89	+0.030%	$1.1M	$1.9M	20x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	168.76	−0.047%	$772K	$5.2M	10x	as long as short
Bybit MSTRUSDT	+0.0068%	8h	168.88	+0.024%	$15.1M	$40.3M	50x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.75	−0.053%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	168.85	+0.007%	$104K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.83	−0.006%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	168.89	+0.030%	$4K	$310K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	168.87	+0.018%	$3K	$11K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0101%	8h	168.86	+0.014%	$68	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	168.88	+0.024%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	168.85	+0.003%	$140	—	10x	as long as short
tradeXYZ xyz:MSTR	+0.0133%	1h	168.86	+0.012%	$57.0M	$37.2M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0224%	1h	168.88	+0.024%	$287K	$438K	10x	as long as short
Phoenix MSTR	+0.0260%	1h	168.87	+0.015%	$56K	$392K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	168.97	+0.077%	$27K	$129K	10x	as long as short