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: KuCoin against Polymarket Perps+0.018%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$650.655% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 7 days+0.015%+$1 · spread now +0.018%, 7d avg +0.042%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.042%). If the spread goes back, that is −$2 on $10k: about 38 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MSTR-USD	162.92	0.0050	pay 0.0006% / 1h	36m 17s	$377K	$2.7M	10x
Short	KuCoin MSTRUSDTM	162.95	0.0100	get 0.0100% / 8h	7h 36m	$2.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.018%Rate

Funding earned: $10.5
Price spread: +0.018% → +0.042%: −$2.35
Slippage, 4 orders: −$45.49
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.34
Costs to cover: 0.655%
Break-even: 45.2 days

Slippage from Polymarket Perps: live order book, 28 min ago; KuCoin: live order book, 11 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, 28 min ago	2.45 bp	8.6 bp −$9	9.2 bp −$92	11.6 bp −$1,161	doesn't fit
Sell KuCoin live order book, 11 min ago	3.06 bp	21.9 bp −$22	doesn't fit	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	−0.0087%	8h	163.05	+0.080%	$30.4M	$118.2M	25x	as long as short
Gate MSTR_USDT	0.0000%	8h	163.05	+0.080%	$4.7M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	163.01	+0.055%	$2.7M	$86K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	162.78	−0.084%	$593K	$2.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	169.34	+3.941%	$8K	$25K	30x	as long as short
Arcus MSTR-USD	+0.0040%	1h	163.07	+0.092%	$26K	$114K	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	162.81	−0.068%	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USDlong	+0.0050%	1h	162.92	long leg	$377K	$2.7M	10x
SoDEX MSTR-USD	+0.0050%	1h	162.99	+0.043%	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	162.87	−0.031%	$902K	$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	162.94	+0.012%	$1.3M	$7.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	162.91	−0.004%	$100K	$89K	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0100%	8h	162.95	+0.018%	$2.3M	$2.7M	20x
ApeX Omni MSTRUSDT	+0.0100%	1h	162.88	−0.025%	$6K	$182K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	163.03	+0.068%	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	163.03	+0.065%	$135	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0120%	1h	162.62	−0.184%	$1.4M	$1.1M	10x	as long as short
Aster MSTRUSDT	+0.0129%	8h	162.99	+0.040%	$1.8M	$8.7M	50x	as long as short
Paradex MSTR-USD-PERP	+0.0179%	8h	162.93	+0.007%	$65	—	5x	as long as short
Lighter MSTR	+0.0192%	1h	162.95	+0.018%	$3.5M	$1.7M	10x	as long as short
Nado MSTR-PERP	+0.0195%	1h	162.79	−0.078%	$125K	$165K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0236%	8h	163.03	+0.068%	$20.8M	$98.6M	50x	as long as short
Variational Omni MSTR	+0.0241%	8h	163.15	+0.140%	$1.2M	$2.0M	—	as long as short
Binance MSTRUSDT	+0.0325%	8h	162.99	+0.045%	$84.4M	$619.4M	50x	as long as short
RISEx MSTR/USDC	+0.0400%	1h	162.98	+0.037%	$268K	$407K	10x	as long as short
BloFin MSTR-USDT	+0.0444%	8h	162.99	+0.043%	$1.0M	$2.1M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0447%	1h	162.93	+0.006%	$53.6M	$37.5M	10x	as long as short
Phoenix MSTR	+0.0460%	1h	163.24	+0.196%	$55K	$223K	10x	as long as short
edgeX MSTRUSDC	+0.0487%	4h	163.17	+0.152%	$47K	$5.4M	10x	as long as short
GRVT MSTR_USDT_Perp	+0.0596%	8h	163.13	+0.126%	$84K	$853K	10x	as long as short
Bybit MSTRUSDT	+0.0649%	8h	163.03	+0.068%	$17.1M	$41.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0794%	1h	163.02	+0.061%	$277K	$430K	10x	as long as short