data as of
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Funding arb /

MSTR

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Funding spread now, next payment 16:00 UTC0.0000%/8h
next payment, per $10,000+$0.00paid, last 24h−0.106%paid, last 3 days−0.146%to open and closeno order book
Long on SoDEXShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MSTR-USD165.870.0050pay 0.0006% / 1h27m 27s$44K$3K10x
ShortPolymarket Perps MSTR-USD165.670.0050get 0.0006% / 1h27m 27s$406K$2.1M10x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$16
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.121%
Avg gap 7d
—
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 SoDEX no order-book sample—————
Sell Polymarket Perps live order book, 3 min ago3.01 bp7.3 bp −$78.2 bp −$8210.8 bp −$1,082doesn't fit
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 31 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate MSTR_USDT0.0000%8h$4.9M$18.8M50xas long as short
Phemex MSTRUSDT0.0000%4h$2.8M$36K10xas long as short
Injective MSTR/USDC PERP+0.0033%1h$12K$97K30xas long as short
Vest MSTR-USD-PERP+0.0046%1h—$1.6M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h$406K$2.1M10x
SoDEX MSTR-USDlong+0.0050%1h$44K$3K10x
Ondo Perps MSTR-USD.P+0.0050%1h$909K$4.5M10xas long as short
Nado MSTR-PERP+0.0053%1h$128K$257K3xas long as short
QFEX MSTR-USD+0.0057%1h$1.3M$9.2M10xas long as short
Extended MSTR_24_5-USD+0.0064%1h$505K$2.2M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica MSTR+0.0100%1h$101K$153K10xas long as short
ApeX Omni MSTRUSDT+0.0100%1h$132K$1.9M50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h$3K$12K10xas long as short
Aevo MSTR-PERP+0.0104%1h$138—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0112%1h$1.5M$1.2M10xas long as short
Paradex MSTR-USD-PERP+0.0120%8h$66—5xas long as short
Lighter MSTR+0.0120%1h$3.6M$2.9M10xas long as short
KuCoin MSTRUSDTM+0.0152%8h$2.6M$2.6M20xas long as short
tradeXYZ xyz:MSTR+0.0209%1h$56.8M$31.6M10xas long as short
Phoenix MSTR+0.0216%1h$54K$364K10xas long as short
Bybit MSTRUSDT+0.0243%8h$15.4M$43.6M50xas long as short
OKX MSTR-USDT-SWAP+0.0301%8h$22.0M$100.5M50xas long as short
Variational Omni MSTR+0.0305%8h$1.3M$2.2M—as long as short
Bitget MSTRUSDT+0.0359%8h$28.9M$110.5M25xas long as short
Binance MSTRUSDT+0.0360%8h$88.0M$535.7M50xas long as short
Aster MSTRUSDT+0.0368%8h$1.3M$5.9M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0413%1h$282K$460K10xas long as short
BloFin MSTR-USDT+0.0483%8h$1.1M$1.4M20xas long as short
RISEx MSTR/USDC+0.0486%1h$303K$463K10xas long as short
Arcus MSTR-USD+0.0705%1h$26K$126K10xas long as short
edgeX MSTRUSDC+0.0756%4h$63K$4.7M10xas long as short