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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 07:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.035%
Price spread now: Polymarket Perps against OKX−0.037%47s7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.282% of the position
Long on OKXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 7 days−0.053%−$5 · spread now −0.037%, 7d avg −0.081%
Together, before fees−0.024%−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.044% dearer against OKX than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.081%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MSTR-USDT-SWAP163.800.0164pay 0.0164% / 8h1h 18m$20.8M$100.7M50x
ShortPolymarket Perps MSTR-USD163.740.0050get 0.0006% / 1h18m 35s$379K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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
−$23.89
Price spread: −0.037% → −0.081%
$4.45
Slippage, 4 orders
−$10.21
Fee OKX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$47.65
Costs to cover
0.282%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; Polymarket Perps: live order book, 5 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 OKX live order book, 5 min ago0.31 bp6.5 bp −$610.3 bp −$10371.9 bp −$7,188doesn't fit
Sell Polymarket Perps live order book, 5 min ago1.53 bp6.4 bp −$67.3 bp −$7310.0 bp −$997doesn'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−0.0798%8h163.91+0.067%$29.0M$118.8M25xas long as short
Gate MSTR_USDT0.0000%8h163.800.000%$4.7M$19.7M50xas long as short
Phemex MSTRUSDT0.0000%4h163.86+0.037%$2.8M$79K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.54−0.159%$511K$2.0M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.382%$8K$26K30xas long as short
Arcus MSTR-USD+0.0040%1h163.73−0.043%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.74−0.037%—$1.8M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.74−0.037%$379K$2.7M10x
Ondo Perps MSTR-USD.P+0.0050%1h163.54−0.159%$840K$3.9M10xas long as short
Aster MSTRUSDT+0.0054%8h163.61−0.119%$1.8M$8.7M50xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX MSTR-USD+0.0057%1h163.72−0.049%$1.3M$7.2M10xas long as short
Pacifica MSTR+0.0100%1h163.75−0.032%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.62−0.110%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h163.62−0.110%$5K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.75−0.031%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.76−0.026%$136—10xas long as short
Lighter MSTR+0.0136%1h163.70−0.061%$3.5M$2.0M10xas long as short
SoDEX MSTR-USD+0.0143%1h163.72−0.049%$43K$3K10xas long as short
Coinbase International MSTR-PERP-INTX+0.0152%1h161.52−1.392%$1.4M$1.1M10xas long as short
OKX MSTR-USDT-SWAPlong+0.0164%8h163.80long leg$20.8M$100.7M50x
Variational Omni MSTR+0.0166%8h163.76−0.027%$1.2M$2.1M—as long as short
Paradex MSTR-USD-PERP+0.0170%8h163.69−0.068%$65—5xas long as short
Binance MSTRUSDT+0.0250%8h163.74−0.038%$84.0M$627.2M50xas long as short
tradeXYZ xyz:MSTR+0.0256%1h163.67−0.079%$54.2M$37.2M10xas long as short
GRVT MSTR_USDT_Perp+0.0259%8h163.42−0.232%$83K$878K10xas long as short
Phoenix MSTR+0.0328%1h163.43−0.226%$55K$223K10xas long as short
Nado MSTR-PERP+0.0367%1h163.64−0.097%$131K$157K3xas long as short
BloFin MSTR-USDT+0.0370%8h163.75−0.031%$1.0M$2.1M20xas long as short
RISEx MSTR/USDC+0.0381%1h163.81+0.003%$266K$427K10xas long as short
Bybit MSTRUSDT+0.0392%8h163.76−0.024%$17.2M$42.0M50xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0667%1h163.800.000%$279K$437K10xas long as short
edgeX MSTRUSDC+0.0831%4h163.42−0.231%$46K$5.4M10xas long as short