MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusMSTR-USD	155.31	−0.0086	get 0.0011% / 1h	46m 33s	$186K	$968K	10x	Long Arcus5% off
SHORT	BingXNCSKMSTR2USD-USDT	157.01	+0.0198	get 0.0198% / 8h	4h 46m	$911K	$9.6M	—	Short BingX

Price gap+1.095%

Funding gap+0.0284% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 1.039% above its 7d average: +$104 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$64+0.0284% /8h now · paid +0.644% over the last 7D

Price+$104spread +1.095% now, avg +0.056% → +1.039% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs+$168+1.68%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+1.095%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MSTR on 35 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size66.1 / 9.5 bp
At $10k entering Arcus costs 66.1 bp, fee and slippage, 7.0× BingX’s.
Note: Margin at max leverage$1,000 + —
Arcus 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$8.51Long Arcus: 24 payments, +$2.57; short BingX: 3 payments, +$5.94.
OK: Entry gap works for you+1.095% vs +0.056%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$186K vs $911K OI
Arcus sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCArcus No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0307%/8h × 21 periods+$64.39

Price spread+1.095% → +0.056% (7d avg)+$103.87

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Arcus bp × 2 orders−$4.50

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Arcus: live order book, 31 min ago; BingX: live order book, 16 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus63.4666.1 bp−$6677.5 bp−$775doesn’t fitdoesn’t fit

SELL · SHORTBingX4.459.5 bp−$911.2 bp−$11218.2 bp−$1,81570.7 bp−$35.4K

Closing costs about the same again.

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchangeSearch all news →

09-28 19:52	RISEx	Contest	RISEx did $769.5M last week, up 15% from $669.4M BTC volume alone grew 37%, from $192.6M to $263.8M MSTR just entered our RWA leaderboard for the first time at $10.4M; in the same week, BTC volume surged - not a coincidence at all. What are we trading this week? @risextrade on X ↗
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09-24 04:00	Gate	Listing	Gate Futures Stocks Section & Forex Zone Initial Listing: $MSTU (2X Long MSTR Daily Target ETF), $OKLO (Oklo Inc.), $USDBRL (USD/BRL) and 9 futures in total. 🔹 Trading Pairs: $MSTU / $USDT, $OKLO / $USDT, $USDBRL / $USDT & 6 more 🔹 Trading Starts: September 24th, 2026 03:00AM (UTC) 🔹 Supports 1 – 20x Leverage, Bots, and Copy Trading 🔹 Gate currently supports trading of 459 stock futures More details: @Gate on X ↗
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09-22 08:29	Bitget	Other	New CandyBomb Alert on #Bitget! 🚨 Trade futures and claim your share of 120 $MSTR in rToken. Details. @bitget on X ↗
09-21 20:49	Backpack	Other	JUST IN: Michael Saylor’s Strategy now has nearly $10 billion in unrealized gains on its Bitcoin holdings as $BTC trades above $87,000. $MSTR +30.14% over the past week @Backpack on X ↗