MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Coinbase InternationalMSTR-PERP-INTX	155.13	0	0.0000% / 1h	46m 57s	$668K	$388K	10x	Long Coinbase International
SHORT	PopdexMSTRUSDT	155.57	+0.0296	get 0.0037% / 1h	46m 57s	$22K	$332K	20x	Short Popdex

Price gap+0.284%

Funding gap+0.0296% /8h

Funding pays +$9 a day on $10k, but the gap is 0.081% under its 7d average: −$8 if it goes back, about 22 hours of funding. At the last 7 days' pace that is about 2.1 days.

If you open now and hold

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

Funding+$21+0.0296% /8h now · paid +0.214% over the last 6 days (all we have)

Price−$8spread +0.284% now, avg +0.364% → −0.081% if it goes back

Costs−$340.337% of $10k · taker + slippage, in and out

Result−$20−0.20%no pointsWhat the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Coinbase Internationalnow

RANGE STATS · 7D

Now+0.284%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MSTR on 33 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Large against open interest12.1 / 5.1 bp
$10k is over 10% of Popdex’s open interest.
Note: Margin at max leverage$1,000 + $500
Coinbase International 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$8.88Long Coinbase International: 24 payments, $0.00; short Popdex: 24 payments, +$8.88.
Watch: Gap narrower than usual+0.284% vs +0.364%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$22K vs $668K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCCoinbase International Yes · Popdex No
ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0128%/8h × 21 periods+$26.96

Price spread+0.284% → +0.364% (7d avg)−$8.05

Slippage, 4 orderslive order books−$17.29

Fee Coinbase International bp × 2 orders−$10.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$14.78

Costs to cover0.337%Break-even10.8 days

Slippage: Coinbase International: live order book, 12 min ago; Popdex: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGCoinbase International7.0812.1 bp−$1217.1 bp−$171doesn’t fitdoesn’t fit

SELL · SHORTPopdex0.645.1 bp−$59.4 bp−$94doesn’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 ↗
09-23 11:17	Bitget	Other	If you're already trading $S, $MSTR, $CRCL, $TSLA and other top stocks and commodities, why not check these campaigns to earn rewards too! ⤵️ @bitget on X ↗
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 ↗