Funding arb · Price arb / RWA

MSTR

RWAAll MSTR markets →

LONGBitget▾Injective −0.0440%Arcus −0.0440%QFEX −0.0004%Aster 0.0000%Binance 0.0000%RISEx 0.0000%Gate 0.0000%MEXC 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%OKX +0.0020%Lighter +0.0032%Extended +0.0032%Vest Markets +0.0046%Popdex +0.0048%tradeXYZ +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%Avantis +0.0068%Paradex +0.0083%Deribit +0.0097%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%AZverse +0.0109%BloFin +0.0120%KuCoin +0.0122%Bybit +0.0125%Nado +0.0214%Phoenix +0.0237%edgeX +0.0241%Bitget +0.0257%BingX +0.0259%Kraken Futures +0.0505%

⇄⇅

SHORTReya▾Kraken Futures +0.0505%BingX +0.0259%edgeX +0.0241%Phoenix +0.0237%Nado +0.0214%Bybit +0.0125%KuCoin +0.0122%BloFin +0.0120%AZverse +0.0109%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Deribit +0.0097%Paradex +0.0083%Ondo Perps +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Popdex +0.0048%Vest Markets +0.0046%Lighter +0.0032%Extended +0.0032%Avantis −0.0032%OKX +0.0020%Aster 0.0000%Binance 0.0000%RISEx 0.0000%Gate 0.0000%MEXC 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%QFEX −0.0004%Arcus −0.0440%Injective −0.0440%Reya −0.0471%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetMSTRUSDT	144.25	+0.0257	pay 0.0257% / 8h	2h 24m	$35.2M	$69.8M	50x	Long Bitget
SHORT	ReyaMSTRRUSDPERP	143.89	−0.0471	pay 0.0059% / 1h	24m 17s	$3K	$76K	6x	Short Reya

Price gap−0.250%

Funding gap−0.0728% /8h

Both sides work against this direction now: funding costs $22 a day on $10k and the gap is 0.250% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.402% in total, about −0.0191%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now−0.250%

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

24H3D7D14D30D90D

BitgetReya

MSTR on 41 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for Reya: its slippage is not counted.
• i
  Note: Margin at max leverage$200 + $1,667

  Bitget 50x, Reya 6x. 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.

  Long Bitget · 8h−$7.71

  Short Reya · 1h−$14.12

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$21.83Long Bitget: 3 payments, −$7.71; short Reya: 24 payments, −$14.12.
• i
  Note: No 7-day spread history−0.250%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$3K vs $35.2M OI

  Reya sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legReya points

  Volume here counts toward the points program.
• !
  Watch: KYCBitget Yes · Reya No

  KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0191%/8h × 21 periods−$40.15

Price spread−0.250% → 0−$24.97

Slippage, 4 ordersno data for Reya—

Fee Bitget bp × 2 orders−$12.00

Fee Reya bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$83.12

Costs to cover0.180%Break-evennever at this rate

Slippage: Bitget: live order book, 8 min ago; Reya: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBitget0.359.2 bp−$915.3 bp−$15335.9 bp−$3,58774.8 bp−$37.4K

SELL · SHORTReya—————

Closing costs about the same again.
Reya: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

MSTR news

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

10-28 17:38	QFEX	Other	Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-28 14:43	RISEx	Other	Post-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗
10-28 14:43	RISEx	Points	Print Week on RISEx. $HOOD has reported $GOOGL reports tonight $SNDK, $INTC and $MSTR report tomorrow Whatever your read is, trade all five with a 20% points boost through 04th November @risextrade on X ↗
10-28 10:00	GMX	Other	Big tech earnings week: Oct 28: $MSFT, $GOOGL after the close, hours after the Fed decision Oct 29: $AMZN, $MSTR after the close Nov 2: $AAPL, John Ternus’ first call as CEO Watch cloud growth, AI spend, and holiday guidance. All five trade as Solana perps. @GMX_IO on X ↗
10-27 21:16	BingX	Other	Earnings season is heating up for $HOOD and $MSTR 🏦 See what could drive their next moves 👇 @BingXOfficial on X ↗
10-27 15:08	tradeXYZ	Other	Earnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗