MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKMSTR2USD-USDT	156.97	+0.0208	pay 0.0208% / 8h	4h 05m	$911K	$9.6M	—	Long BingX
SHORT	Ondo PerpsMSTR-USD.P	156.92	+0.0050	get 0.0006% / 1h	5m 23s	$589K	$1.2M	10x	Short Ondo Perps5% off

Price gap−0.032%

Funding gap−0.0158% /8h

The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 2.0 days.

If you open now and hold

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

Funding−$65−0.0158% /8h now · paid −0.651% over the last 7D

Price+$10spread −0.032% now, avg −0.127% → +0.095% if it goes back

Costs−$230.230% of $10k · taker + slippage, in and out

Result−$79−0.79%+ Points / potential airdropOndo Perps: points · farm boardWhat 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−0.032%

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

3 ok · 3 to watch

OK: Fits both order books6.0 / 5.6 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage— + $1,000
BingX —, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$4.73Long BingX: 3 payments, −$6.24; short Ondo Perps: 24 payments, +$1.51.
OK: Entry gap works for you−0.032% vs −0.127%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$589K vs $911K OI
Ondo Perps sets your exit cost. Check its book before closing.
OK: Points on a legOndo Perps points
Volume here counts toward the points program.
Watch: KYCBingX Yes · Ondo Perps No
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−0.0310%/8h × 21 periods−$65.13

Price spread−0.032% → −0.127% (7d avg)+$9.51

Slippage, 4 orderslive order books−$8.00

Fee BingX bp × 2 orders−$10.00

Fee Ondo Perps bp × 2 orders−$5.00

Net · 7 days · $10k−$78.62

Costs to cover0.230%Break-evennever at this rate

Slippage: BingX: live order book, 12 min ago; Ondo Perps: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX0.956.0 bp−$66.9 bp−$6914.1 bp−$1,41264.2 bp−$32.1K

SELL · SHORTOndo Perps2.875.6 bp−$66.4 bp−$64doesn’t fitdoesn’t fit

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 ↗
09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
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 ↗