MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0753%/8h= +82.4% APRnext payment +$0.94 per $10,000 · paid last 24h +0.109%

Price spread now: Arcus against Polymarket Perps+0.078%7-day average +0.037% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.328%−$33 · spread now +0.078%, 7d avg +0.037%

Together, before fees−0.381%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Arcus is 0.041% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.037%. Mind the row above: over the last 4 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.054% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.94 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	166.40	0.0050	pay 0.0006% / 1h	27m 14s	$385K	$2.5M	10x
Short	Arcus MSTR-USD	166.53	0.0803	get 0.0100% / 1h	27m 14s	$26K	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ArcusbpOrdersPrice spread, now +0.078%Rate

Funding earned: $158.06
Price spread: +0.078% → +0.037%: $4.09
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $149.65
Costs to cover: 0.125%
Break-even: 0.4 days

Slippage unknown: Polymarket Perps: live order book, 5 min ago; Arcus: 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, 5 min ago	2.70 bp	7.7 bp −$8	9.0 bp −$90	11.1 bp −$1,107	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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 exchanges

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
Gate MSTR_USDT	0.0000%	8h	166.51	+0.066%	$4.8M	$17.4M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	166.53	+0.078%	$2.8M	$85K	10x	as long as short
Lighter MSTR	+0.0032%	1h	166.40	0.000%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	166.34	−0.033%	$1.2M	$2.6M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	165.22	−0.709%	$7K	$28K	30x	as long as short
Bitget MSTRUSDT	+0.0045%	8h	166.58	+0.108%	$32.3M	$102.2M	25x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	166.47	+0.042%	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	166.40	long leg	$385K	$2.5M	10x
SoDEX MSTR-USD	+0.0050%	1h	166.46	+0.036%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	166.31	−0.054%	$833K	$3.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0054%	1h	166.45	+0.030%	$1.3M	$5.6M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0056%	1h	166.42	+0.012%	$1.4M	$355K	10x	as long as short
Nado MSTR-PERP	+0.0085%	1h	166.37	−0.016%	$144K	$135K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0085%	8h	166.41	+0.009%	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	166.39	−0.004%	$102K	$64K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	166.42	+0.012%	$2.3M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.50	+0.060%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	166.48	+0.048%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	166.51	+0.068%	$138	$100	10x	as long as short
Bybit MSTRUSDT	+0.0157%	8h	166.52	+0.072%	$16.6M	$37.4M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0182%	1h	166.41	+0.006%	$55.0M	$33.2M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0250%	8h	166.53	+0.078%	$22.1M	$79.2M	50x	as long as short
Aster MSTRUSDT	+0.0257%	8h	166.48	+0.049%	$1.8M	$6.2M	50x	as long as short
Phoenix MSTR	+0.0308%	1h	166.65	+0.148%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0355%	8h	166.61	+0.125%	$1.2M	$1.6M	—	as long as short
edgeX MSTRUSDC	+0.0377%	4h	166.49	+0.055%	$49K	$4.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0408%	8h	166.65	+0.152%	$87K	$980K	10x	as long as short
Binance MSTRUSDT	+0.0435%	8h	166.51	+0.066%	$87.1M	$513.9M	50x	as long as short
RISEx MSTR/USDC	+0.0459%	1h	166.53	+0.081%	$288K	$346K	10x	as long as short
BloFin MSTR-USDT	+0.0577%	8h	166.53	+0.078%	$1.1M	$2.0M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0712%	1h	166.52	+0.072%	$283K	$189K	10x	as long as short
Arcus MSTR-USDshort	+0.0803%	1h	166.53	+0.078%	$26K	$67K	10x