Funding arb · Price arb /

MSTR

RWAall MSTR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Polymarket Perps−0.018%7-day average +0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 7 days+0.155%+$16 · spread now −0.018%, 7d avg +0.088%

Together, before fees+0.310%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.107% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.088%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.155%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	162.55	0.0050	pay 0.0006% / 1h	30m 01s	$376K	$2.7M	10x
Short	Gate MSTR_USDT	162.52	0	get 0.0000% / 8h	7h 30m	$4.7M	$18.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$10.5
Price spread: −0.018% → +0.088%: −$10.67
Slippage, 4 orders: −$41.6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.77
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 34 min ago; Gate: 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, 34 min ago	2.45 bp	8.6 bp −$9	9.2 bp −$92	11.6 bp −$1,161	doesn't fit
Sell Gate live order book, 4 min ago	1.53 bp	24.4 bp −$24	38.1 bp −$381	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	−0.0023%	8h	162.56	+0.006%	$30.5M	$118.2M	25x	as long as short
Gate MSTR_USDTshort	0.0000%	8h	162.52	−0.018%	$4.7M	$18.6M	50x
Phemex MSTRUSDT	0.0000%	4h	162.55	0.000%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.36	−0.119%	$590K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+4.177%	$8K	$25K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	162.68	+0.080%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.48	−0.043%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	162.55	long leg	$376K	$2.7M	10x
SoDEX MSTR-USD	+0.0050%	1h	162.54	−0.006%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.52	−0.018%	$901K	$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	+0.0061%	1h	162.53	−0.012%	$1.3M	$7.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.52	−0.018%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	162.45	−0.062%	$2.3M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	162.82	+0.166%	$5K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	162.59	+0.025%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	162.56	+0.006%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.43	−0.074%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0125%	8h	162.50	−0.031%	$1.7M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0170%	8h	162.52	−0.020%	$65	—	5x	as long as short
Lighter MSTR	+0.0176%	1h	162.47	−0.049%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0180%	1h	162.43	−0.076%	$124K	$157K	3x	as long as short
edgeX MSTRUSDC	+0.0198%	4h	162.89	+0.208%	$47K	$5.4M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0229%	8h	162.51	−0.025%	$20.8M	$97.8M	50x	as long as short
Variational Omni MSTR	+0.0240%	8h	162.69	+0.085%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0319%	8h	162.53	−0.014%	$84.3M	$618.0M	50x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	162.59	+0.025%	$267K	$398K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0414%	1h	162.45	−0.062%	$53.5M	$37.5M	10x	as long as short
BloFin MSTR-USDT	+0.0440%	8h	162.74	+0.117%	$1.0M	$2.1M	20x	as long as short
Phoenix MSTR	+0.0460%	1h	162.79	+0.146%	$55K	$223K	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0522%	8h	163.04	+0.301%	$84K	$846K	10x	as long as short
Bybit MSTRUSDT	+0.0539%	8h	162.54	−0.006%	$17.0M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0674%	1h	162.49	−0.037%	$276K	$430K	10x	as long as short