Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h −0.032%
Price spread now: QFEX against Polymarket Perps+0.035%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 3 days (all we have)−0.176%−$18 on $10k
+Price spread, last 7 days−0.168%−$17 · spread now +0.035%, 7d avg +0.028%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 169.11 | 0.0050 | pay 0.0006% / 1h | 44m 52s | $401K | $2.6M | 10x |
| Short | QFEX MSTR-USD | 169.17 | 0.0042 | get 0.0005% / 1h | 44m 52s | $1.5M | $10.2M | 10x |
Polymarket Perps MSTR-USD
QFEX MSTR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.58
- Price spread: +0.035% → +0.028%
- $0.78
- Slippage, 4 orders
- −$7.58
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$26.38
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; QFEX: 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 | 1.18 bp | 5.7 bp −$6 | 7.1 bp −$71 | 10.5 bp −$1,052 | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.48 bp | 6.5 bp −$6 | 7.9 bp −$79 | 13.5 bp −$1,345 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.0100% | 1h | 169.09 | −0.012% | $139K | $97K | 3x | as long as short |
| BloFin MSTR-USDT | −0.0012% | 8h | 169.16 | +0.030% | $1.1M | $1.8M | 20x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 169.18 | +0.040% | $1.3M | $6.2M | 50x | as long as short |
| Binance MSTRUSDT | 0.0000% | 8h | 169.19 | +0.047% | $88.4M | $629.1M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | 0.0000% | 8h | 169.17 | +0.035% | $22.1M | $106.9M | 50x | as long as short |
| RISEx MSTR/USDC | 0.0000% | 1h | 169.18 | +0.043% | $275K | $446K | 10x | as long as short |
| Gate MSTR_USDT | 0.0000% | 8h | 169.16 | +0.030% | $4.8M | $19.3M | 50x | as long as short |
| Variational Omni MSTR | 0.0000% | 8h | 169.03 | −0.048% | $1.2M | $2.4M | — | as long as short |
| GRVT MSTR_USDT_Perp | 0.0000% | 8h | 169.10 | −0.006% | $74K | $935K | 10x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 169.16 | +0.030% | $2.9M | $60K | 10x | as long as short |
Nado MSTR-PERP
BloFin MSTR-USDT
Aster MSTRUSDT
Binance MSTRUSDT
OKX MSTR-USDT-SWAP
RISEx MSTR/USDC
Gate MSTR_USDT
Variational Omni MSTR
GRVT MSTR_USDT_Perp
Phemex MSTRUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MSTR | +0.0032% | 1h | 169.16 | +0.030% | $3.6M | $2.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 169.04 | −0.043% | $585K | $1.8M | 10x | as long as short |
| QFEX MSTR-USDshort | +0.0042% | 1h | 169.17 | +0.035% | $1.5M | $10.2M | 10x | |
| Vest MSTR-USD-PERP | +0.0046% | 1h | 169.20 | +0.053% | — | $2.1M | 25x | as long as short |
| Bitget MSTRUSDT | +0.0047% | 8h | 169.17 | +0.035% | $28.8M | $119.7M | 25x | as long as short |
| Polymarket Perps MSTR-USDlong | +0.0050% | 1h | 169.11 | long leg | $401K | $2.6M | 10x | |
| SoDEX MSTR-USD | +0.0050% | 1h | 169.12 | +0.006% | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 168.93 | −0.106% | $752K | $5.1M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0056% | 1h | 168.93 | −0.106% | $1.5M | $1.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.0077% | 8h | 169.12 | +0.008% | $68 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.0079% | 8h | 169.19 | +0.047% | $15.2M | $40.9M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.0088% | 1h | 169.12 | +0.006% | $57.0M | $38.0M | 10x | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 169.18 | +0.040% | $103K | $114K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 169.03 | −0.047% | $2.6M | $2.8M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 169.07 | −0.024% | $4K | $632K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.0100% | 8h | 169.19 | +0.047% | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | +0.0104% | 1h | 169.15 | +0.024% | $140 | — | 10x | as long as short |
| Phoenix MSTR | +0.0231% | 1h | 169.00 | −0.066% | $57K | $394K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0333% | 1h | 169.25 | +0.083% | $13K | $22K | 30x | as long as short |
| Arcus MSTR-USD | +0.0457% | 1h | 169.20 | +0.053% | $27K | $134K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0519% | 1h | 169.23 | +0.071% | $288K | $439K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0964% | 4h | 169.04 | −0.039% | $48K | $5.4M | 10x | as long as short |
Lighter MSTR
Extended MSTR_24_5-USD
Vest MSTR-USD-PERP
Bitget MSTRUSDT
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
Coinbase International MSTR-PERP-INTX
Paradex MSTR-USD-PERP
Bybit MSTRUSDT
tradeXYZ xyz:MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Orderly PERP_MSTR_USDC_mythos
Aevo MSTR-PERP
Phoenix MSTR
Injective MSTR/USDC PERP
Arcus MSTR-USD
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC