Funding arb · Price arb /

MSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h +0.032%

Price spread now: Aster against Polymarket Perps+0.060%46s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as 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−$360.363% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.060%, 7d avg +0.060%

Together, before fees−0.186%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, 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 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	162.86	0.0050	pay 0.0006% / 1h	19m 41s	$377K	$2.7M	10x
Short	Aster MSTRUSDT	162.96	0.0077	get 0.0077% / 8h	19m 41s	$1.8M	$8.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.060%Rate

Funding earned: $5.63
Price spread: +0.060% → +0.060%: $0
Slippage, 4 orders: −$20.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.64
Costs to cover: 0.363%
Break-even: 45.1 days

Slippage from Polymarket Perps: live order book, 4 min ago; Aster: live order book, 4 min ago.

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, 4 min ago	3.07 bp	9.2 bp −$9	10.3 bp −$103	12.0 bp −$1,196	doesn't fit
Sell Aster live order book, 4 min ago	0.31 bp	7.5 bp −$7	100.6 bp −$1,006	doesn't fit	doesn't fit

MSTR on 32 venues

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
Bitget MSTRUSDT	−0.0459%	8h	163.16	+0.184%	$29.4M	$119.1M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.06	+0.123%	$4.7M	$19.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	162.99	+0.080%	$2.7M	$83K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.89	+0.018%	$591K	$2.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.979%	$8K	$26K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.99	+0.080%	$26K	$113K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.65	−0.129%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	162.86	long leg	$377K	$2.7M	10x
SoDEX MSTR-USD	+0.0050%	1h	162.86	0.000%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.59	−0.166%	$896K	$3.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0067%	1h	162.98	+0.074%	$1.3M	$7.1M	10x	as long as short
Aster MSTRUSDTshort	+0.0077%	8h	162.96	+0.060%	$1.8M	$8.7M	50x
Lighter MSTR	+0.0080%	1h	162.96	+0.061%	$3.5M	$2.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.99	+0.078%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.91	+0.031%	$2.4M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.77	−0.055%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.92	+0.037%	$2K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.92	+0.039%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0136%	1h	162.83	−0.018%	$1.4M	$1.1M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0149%	8h	162.96	+0.059%	$65	—	5x	as long as short
Nado MSTR-PERP	+0.0200%	1h	162.74	−0.072%	$125K	$165K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0201%	8h	163.01	+0.092%	$20.8M	$99.8M	50x	as long as short
Variational Omni MSTR	+0.0203%	8h	162.78	−0.051%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0272%	8h	162.99	+0.080%	$83.9M	$620.5M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0276%	8h	162.85	−0.004%	$78K	$849K	10x	as long as short
Phoenix MSTR	+0.0357%	1h	162.90	+0.026%	$55K	$223K	10x	as long as short
BloFin MSTR-USDT	+0.0392%	8h	162.79	−0.043%	$1.0M	$2.1M	20x	as long as short
Bybit MSTRUSDT	+0.0411%	8h	163.02	+0.098%	$17.1M	$41.7M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0468%	1h	162.97	+0.068%	$53.8M	$37.7M	10x	as long as short
RISEx MSTR/USDC	+0.0493%	1h	163.04	+0.108%	$268K	$419K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0671%	1h	162.96	+0.061%	$277K	$437K	10x	as long as short
edgeX MSTRUSDC	+0.0886%	4h	162.82	−0.023%	$46K	$5.4M	10x	as long as short