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Funding arb · Price arb /

MSTR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0209%/8h= −22.9% APRnext payment −$0.26 per $10,000 · paid last 24h −0.050%
Price spread now: Polymarket Perps against tradeXYZ+0.024%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Long on tradeXYZShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 7 days−0.171%−$17 · spread now +0.024%, 7d avg −0.011%
Together, before fees−0.228%+ Points / potential airdroptradeXYZ: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.036% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.011%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.057% in total) that is about 4.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:MSTR163.920.0259pay 0.0032% / 1h39m 07s$54.6M$37.0M10x
ShortPolymarket Perps MSTR-USD163.960.0050get 0.0006% / 1h39m 07s$379K$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against tradeXYZ. 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

Funding earned
−$43.9
Price spread: +0.024% → −0.011%
$3.58
Slippage, 4 orders
−$8.93
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$75.26
Costs to cover
0.349%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Polymarket Perps: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 10 min ago0.61 bp9.6 bp −$1011.7 bp −$117doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 5 min ago2.13 bp6.4 bp −$66.7 bp −$679.1 bp −$910doesn't fit

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−0.0899%8h164.16+0.146%$27.8M$115.5M25xas long as short
Aster MSTRUSDT0.0000%8h163.93+0.006%$1.8M$8.6M50xas long as short
Gate MSTR_USDT0.0000%8h164.05+0.079%$4.6M$18.9M50xas long as short
Phemex MSTRUSDT0.0000%4h164.03+0.067%$2.8M$76K10xas long as short
Extended MSTR_24_5-USD+0.0032%1h163.76−0.098%$593K$1.9M10xas long as short
Injective MSTR/USDC PERP+0.0033%1h169.34+3.306%$8K$26K30xas long as short
OKX MSTR-USDT-SWAP+0.0039%8h163.99+0.043%$20.6M$99.3M50xas long as short
Arcus MSTR-USD+0.0040%1h164.27+0.214%$26K$109K10xas long as short
Vest MSTR-USD-PERP+0.0046%1h163.82−0.061%—$1.7M25xas long as short
Polymarket Perps MSTR-USDshort+0.0050%1h163.96+0.024%$379K$2.7M10x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MSTR-USD+0.0050%1h163.96+0.024%$43K$3K10xas long as short
Ondo Perps MSTR-USD.P+0.0050%1h163.90−0.012%$853K$3.9M10xas long as short
QFEX MSTR-USD+0.0067%1h164.03+0.067%$1.4M$7.3M10xas long as short
Lighter MSTR+0.0072%1h163.89−0.018%$3.5M$1.9M10xas long as short
Variational Omni MSTR+0.0094%8h164.16+0.144%$1.2M$2.1M—as long as short
Pacifica MSTR+0.0100%1h164.04+0.073%$100K$83K10xas long as short
KuCoin MSTRUSDTM+0.0100%8h163.87−0.031%$2.4M$2.7M20xas long as short
ApeX Omni MSTRUSDT+0.0100%1h164.24+0.195%$6K$182K50xas long as short
Orderly PERP_MSTR_USDC_mythos+0.0100%8h163.90−0.012%$4K$8K10xas long as short
Aevo MSTR-PERP+0.0104%1h163.93+0.006%$136—10xas long as short
Paradex MSTR-USD-PERP+0.0139%8h164.00+0.052%$66—5xas long as short
GRVT MSTR_USDT_Perp+0.0158%8h164.17+0.153%$75K$803K10xas long as short
Binance MSTRUSDT+0.0159%8h163.99+0.043%$86.7M$616.0M50xas long as short
Coinbase International MSTR-PERP-INTX+0.0168%1h163.96+0.024%$1.4M$1.1M10xas long as short
RISEx MSTR/USDC+0.0231%1h164.07+0.092%$266K$445K10xas long as short
tradeXYZ xyz:MSTRlong+0.0259%1h163.92long leg$54.6M$37.0M10x
Nado MSTR-PERP+0.0260%1h163.90−0.011%$121K$148K3xas long as short
BloFin MSTR-USDT+0.0279%8h164.12+0.122%$1.0M$2.0M20xas long as short
Bybit MSTRUSDT+0.0332%8h164.03+0.067%$16.7M$40.8M50xas long as short
Phoenix MSTR+0.0340%1h164.21+0.178%$56K$226K10xas long as short
edgeX MSTRUSDC+0.0742%4h164.11+0.117%$49K$5.3M10xas long as short
Deribit MSTR_USDC-PERPETUAL+0.1093%1h164.00+0.049%$279K$438K10xas long as short