Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: SoDEX against Polymarket Perps+0.006%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	169.07	0.0050	pay 0.0006% / 1h	35m 48s	$389K	$2.8M	10x
Short	SoDEX MSTR-USD	169.08	0.0050	get 0.0006% / 1h	35m 48s	$44K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → 0.000%: $0.59
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.

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	2.07 bp	7.3 bp −$7	9.1 bp −$91	11.0 bp −$1,104	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster MSTRUSDT	0.0000%	8h	169.09	+0.015%	$1.2M	$6.1M	50x	as long as short
Gate MSTR_USDT	0.0000%	8h	169.05	−0.012%	$4.8M	$19.4M	50x	as long as short
Variational Omni MSTR	0.0000%	8h	169.08	+0.003%	$1.2M	$2.4M	—	as long as short
Phemex MSTRUSDT	0.0000%	4h	169.13	+0.035%	$2.9M	$65K	10x	as long as short
RISEx MSTR/USDC	+0.0001%	1h	169.10	+0.015%	$275K	$441K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0020%	8h	169.05	−0.012%	$22.1M	$106.3M	50x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	169.01	−0.035%	$583K	$1.8M	10x	as long as short
Nado MSTR-PERP	+0.0032%	1h	168.96	−0.063%	$139K	$97K	3x	as long as short
BloFin MSTR-USDT	+0.0043%	8h	169.11	+0.024%	$1.1M	$1.8M	20x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	169.19	+0.071%	—	$2.1M	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0049%	1h	169.06	−0.006%	$1.5M	$10.2M	10x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	169.07	long leg	$389K	$2.8M	10x
SoDEX MSTR-USDshort	+0.0050%	1h	169.08	+0.006%	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	169.00	−0.041%	$780K	$5.2M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0053%	8h	169.43	+0.213%	$77K	$879K	10x	as long as short
Bitget MSTRUSDT	+0.0059%	8h	169.05	−0.012%	$28.7M	$120.0M	25x	as long as short
Binance MSTRUSDT	+0.0067%	8h	169.06	−0.006%	$89.0M	$628.8M	50x	as long as short
Lighter MSTR	+0.0080%	1h	169.10	+0.018%	$3.6M	$2.4M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0096%	1h	168.96	−0.065%	$1.4M	$1.2M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	169.03	−0.024%	$105K	$87K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	168.99	−0.047%	$2.5M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	169.09	+0.012%	$4K	$357K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	169.06	−0.006%	$3K	$11K	10x	as long as short
Injective MSTR/USDC PERP	+0.0104%	1h	169.21	+0.083%	$13K	$21K	30x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	169.06	−0.006%	$140	—	10x	as long as short
Bybit MSTRUSDT	+0.0105%	8h	169.08	+0.006%	$15.1M	$40.4M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0138%	8h	169.07	+0.002%	$68	—	5x	as long as short
edgeX MSTRUSDC	+0.0186%	4h	169.21	+0.081%	$47K	$5.5M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0198%	1h	169.05	−0.012%	$57.0M	$37.1M	10x	as long as short
Phoenix MSTR	+0.0260%	1h	169.16	+0.056%	$57K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0401%	1h	169.13	+0.035%	$288K	$438K	10x	as long as short
Arcus MSTR-USD	+0.0738%	1h	169.18	+0.065%	$27K	$129K	10x	as long as short