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Funding arb · Price arb /

MSTR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.046%
Price spread now: Polymarket Perps against Binance−0.018%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Long on BinanceShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 7 days−0.063%−$6 · spread now −0.018%, 7d avg −0.104%
Together, before fees−0.011%−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.085% dearer against Binance than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.104%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 40 hours. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MSTRUSDT163.060.0220pay 0.0220% / 8h1h 47m$83.7M$628.6M50x
ShortPolymarket Perps MSTR-USD163.030.0050get 0.0006% / 1h47m 21s$377K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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
−$35.74
Price spread: −0.018% → −0.104%
$8.54
Slippage, 4 orders
−$9.67
Fee Binance: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$54.87
Costs to cover
0.277%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Polymarket Perps: live order book, 2 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 Binance live order book, 11 min ago0.31 bp5.9 bp −$68.3 bp −$8325.9 bp −$2,585doesn't fit
Sell Polymarket Perps live order book, 2 min ago2.15 bp6.7 bp −$77.3 bp −$739.7 bp −$972doesn'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−0.0883%8h163.30+0.147%$28.6M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.12+0.037%$4.7M$19.5M50xas long as short
Phemex MSTRUSDT0.0000%4h163.28+0.135%$2.7M$78K10xas long as short
edgeX MSTRUSDC+0.0005%4h163.27+0.126%$46K$5.4M10xas long as short
Aster MSTRUSDT+0.0021%8h163.07+0.004%$1.8M$8.7M50xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.88−0.107%$503K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.851%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.29+0.141%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.85−0.129%—$1.8M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.03−0.018%$377K$2.7M10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.10+0.025%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.98−0.049%$842K$3.9M10xas long as short
QFEX MSTR-USD+0.0057%1h163.09+0.018%$1.3M$7.3M10xas long as short
Pacifica MSTR+0.0100%1h163.10+0.025%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.060.000%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.10+0.025%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.05−0.006%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.14+0.047%$135—10xas long as short
OKX MSTR-USDT-SWAP+0.0124%8h163.060.000%$20.7M$100.4M50xas long as short
Variational Omni MSTR+0.0143%8h163.26+0.121%$1.2M$2.1M—as long as short
Lighter MSTR+0.0144%1h163.12+0.037%$3.5M$2.0M10xas long as short
Paradex MSTR-USD-PERP+0.0145%8h163.10+0.027%$65—5xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−0.944%$1.4M$1.1M10xas long as short
tradeXYZ xyz:MSTR+0.0208%1h162.98−0.049%$54.0M$37.3M10xas long as short
Binance MSTRUSDTlong+0.0220%8h163.06long leg$83.7M$628.6M50x
GRVT MSTR_USDT_Perp+0.0230%8h163.31+0.153%$79K$876K10xas long as short
Nado MSTR-PERP+0.0315%1h162.97−0.053%$130K$157K3xas long as short
Phoenix MSTR+0.0328%1h163.25+0.115%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0340%8h163.14+0.049%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0379%8h163.13+0.043%$16.8M$41.8M50xas long as short
RISEx MSTR/USDC+0.0381%1h163.13+0.041%$262K$437K10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0548%1h163.09+0.018%$277K$437K10xas long as short