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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 08:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.032%
Price spread now: Injective against Polymarket Perps+3.877%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Polymarket PerpsShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days−0.112%−$11 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 3.877% dearer against Polymarket Perps than usual: you sell high and buy low (spread +3.877% now, against zero (this spread has no 7-day history yet)): +$388 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about years. At the pace of the last 7 days (−0.112% in total) that is about 8 months. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MSTR-USD163.020.0050pay 0.0006% / 1h12m 10s$377K$2.7M10x
ShortInjective MSTR/USDC PERP169.340.0033get 0.0004% / 1h12m 10s$8K$26K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$3.5
Price spread: +3.877% → 0.000%
$387.68
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$376.16
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago2.15 bp9.2 bp −$910.0 bp −$10011.6 bp −$1,162doesn't fit
Sell Injective no order-book sample—————
Injective: 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 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−0.0457%8h163.19+0.104%$29.5M$119.1M25xas long as short
Gate MSTR_USDT0.0000%8h163.14+0.074%$4.7M$19.6M50xas long as short
Phemex MSTRUSDT0.0000%4h163.11+0.055%$2.7M$84K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h162.96−0.037%$591K$2.1M10xas long as short
Injective MSTR/USDC PERPshort+0.0033%1h169.34+3.877%$8K$26K30x
Arcus MSTR-USD+0.0040%1h163.09+0.043%$26K$113K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h162.91−0.067%—$1.8M25xas long as short
Polymarket Perps MSTR-USDlong+0.0050%1h163.02long leg$377K$2.7M10x
SoDEX MSTR-USD+0.0050%1h163.07+0.031%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h162.91−0.067%$897K$3.7M10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MSTR+0.0064%1h163.020.000%$3.5M$2.0M10xas long as short
QFEX MSTR-USD+0.0067%1h163.08+0.037%$1.3M$7.1M10xas long as short
Aster MSTRUSDT+0.0078%8h163.09+0.041%$1.8M$8.7M50xas long as short
Pacifica MSTR+0.0100%1h163.09+0.040%$100K$89K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.00−0.012%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h162.75−0.166%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.09+0.043%$2K$13K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.08+0.035%$135—10xas long as short
Coinbase International MSTR-PERP-INTX+0.0136%1h162.62−0.245%$1.4M$1.1M10xas long as short
Paradex MSTR-USD-PERP+0.0143%8h163.07+0.030%$65—5xas long as short
Nado MSTR-PERP+0.0181%1h162.99−0.018%$125K$165K3xas long as short
Variational Omni MSTR+0.0199%8h162.87−0.092%$1.2M$2.0M—as long as short
OKX MSTR-USDT-SWAP+0.0200%8h163.06+0.025%$20.8M$99.8M50xas long as short
GRVT MSTR_USDT_Perp+0.0270%8h162.90−0.074%$79K$849K10xas long as short
Binance MSTRUSDT+0.0272%8h163.03+0.006%$83.8M$620.3M50xas long as short
edgeX MSTRUSDC+0.0324%4h162.80−0.137%$46K$5.4M10xas long as short
Phoenix MSTR+0.0357%1h163.12+0.061%$55K$223K10xas long as short
BloFin MSTR-USDT+0.0392%8h163.11+0.055%$1.0M$2.1M20xas long as short
Bybit MSTRUSDT+0.0406%8h163.05+0.018%$17.1M$41.7M50xas long as short
tradeXYZ xyz:MSTR+0.0446%1h163.06+0.025%$53.9M$37.7M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.0486%1h163.09+0.043%$277K$437K10xas long as short
RISEx MSTR/USDC+0.0493%1h163.13+0.064%$268K$419K10xas long as short