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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 08:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: Polymarket Perps against QFEX−0.025%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Long on QFEXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.175%+$18 on $10k
Price spread, last 7 days−0.025%−$2 · spread now −0.025%, 7d avg −0.029%
Together, before fees+0.150%+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, 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 4 days funding on this pair paid +0.175%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX MSTR-USD163.130.0067pay 0.0008% / 1h10m 34s$1.3M$7.1M10x
ShortPolymarket Perps MSTR-USD163.090.0050get 0.0006% / 1h10m 34s$377K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against QFEX. 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
−$3.53
Price spread: −0.025% → −0.029%
$0.46
Slippage, 4 orders
−$9.77
Fee QFEX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$30.84
Costs to cover
0.278%
Break-even
never at this rate
Slippage from QFEX: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 QFEX live order book, 3 min ago1.23 bp6.2 bp −$67.5 bp −$75doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 3 min ago2.15 bp6.1 bp −$66.6 bp −$669.8 bp −$981doesn'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−0.0452%8h163.33+0.123%$29.5M$119.2M25xas long as short
Gate MSTR_USDT0.0000%8h163.20+0.043%$4.7M$19.6M50xas long as short
Phemex MSTRUSDT0.0000%4h163.08−0.031%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.04−0.055%$591K$2.1M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.807%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.11−0.012%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.99−0.086%—$1.8M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.09−0.025%$377K$2.7M10x
SoDEX MSTR-USD+0.0050%1h163.02−0.067%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.85−0.172%$888K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0056%1h163.09−0.025%$3.5M$2.0M10xas long as short
QFEX MSTR-USDlong+0.0067%1h163.13long leg$1.3M$7.1M10x
Aster MSTRUSDT+0.0075%8h163.14+0.004%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.00−0.078%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h162.97−0.098%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.03−0.061%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.01−0.074%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.04−0.057%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.313%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0139%8h163.07−0.035%$65—5xas long as short
Nado MSTR-PERP+0.0175%1h163.05−0.050%$125K$165K3xas long as short
Variational Omni MSTR+0.0197%8h163.01−0.074%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0200%8h163.26+0.080%$20.8M$99.9M50xas long as short
Binance MSTRUSDT+0.0269%8h163.14+0.008%$83.9M$620.2M50xas long as short
GRVT MSTR_USDT_Perp+0.0270%8h163.12−0.004%$82K$859K10xas long as short
edgeX MSTRUSDC+0.0324%4h162.80−0.205%$46K$5.4M10xas long as short
Phoenix MSTR+0.0357%1h163.17+0.024%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0390%8h162.97−0.098%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0406%8h163.19+0.037%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0444%1h163.07−0.037%$53.9M$37.7M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0487%1h163.04−0.055%$277K$437K10xas long as short
RISEx MSTR/USDC+0.0493%1h163.20+0.043%$268K$419K10xas long as short