Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

MSTR

RWAAll MSTR markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSKMSTR2USD-USDT
157.07+0.0203pay 0.0203% / 8h4h 11m$911K$9.6M—Long BingX
SHORT
Polymarket PerpsMSTR-USD
157.04+0.0050get 0.0006% / 1h11m 41s$414K$281K10xShort Polymarket Perps
Price gap−0.019%51s
Funding gap−0.0153% /8h

Funding costs $5 a day on $10k at the current rate. Swap the legs.

The two prices were read 51 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$67−0.0153% /8h now · paid −0.675% over the last 7D
Price—spread −0.019%51s now · prices read too far apart to compare
Costs−$290.289% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.019%
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
  • OK: Fits both order books6.0 / 7.8 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage— + $1,000
    BingX —, Polymarket 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: −$4.59Long BingX: 3 payments, −$6.09; short Polymarket Perps: 24 payments, +$1.50.
  • Watch: Prices read 51 s apart−0.019% vs −0.036%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$414K vs $911K OI
    Polymarket Perps sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · Polymarket 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−0.0321%/8h × 21 periods−$67.49
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$10.87
Fee BingX bp × 2 orders−$10.00
Fee Polymarket Perps bp × 2 orders−$8.00
Net · 7 days · $10k−$96.35
price spread not counted: prices read too far apart
Costs to cover0.289%Break-evennever at this rate
Slippage: BingX: live order book, 6 min ago; Polymarket Perps: live order book, 65 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 · SHORTPolymarket Perps3.187.8 bp−$89.1 bp−$919.8 bp−$984doesn’t fit

Closing costs about the same again.

Alert

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchangeSearch all news →
09-28 19:52RISExContestRISEx 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 00:50InjectiveTokenThe 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 04:00GateListingGate 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 08:29BitgetOtherNew CandyBomb Alert on #Bitget! 🚨 Trade futures and claim your share of 120 $MSTR in rToken. Details. @bitget on X ↗
09-21 20:49BackpackOtherJUST 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 ↗