MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	DeribitMSTR_USDC-PERPETUAL	154.61	+0.0332	pay 0.0042% / 1h	14m 48s	$280K	$676K	10x	Long Deribit
SHORT	PopdexMSTRUSDT	154.65	+0.0048	get 0.0006% / 1h	14m 48s	$22K	$314K	20x	Short Popdex

Price gap+0.026%58s

Funding gap−0.0284% /8h

Funding costs $9 a day on $10k at the current rate. Swap the legs.

The two prices were read 58 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−$60−0.0284% /8h now · paid −0.602% over the last 7D

Price—spread +0.026%58s now · prices read too far apart to compare

Costs−$270.275% of $10k · taker + slippage, in and out

Result—no pointsneeds both prices read together

Price and funding

1h · history

Entry / ExitDeribit: thin, under $1M open interest · Popdex: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.026%

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 34 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Large against open interest7.3 / 6.0 bp
$10k is over 10% of Popdex’s open interest.
Note: Margin at max leverage$1,000 + $500
Deribit 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: −$8.53Long Deribit: 24 payments, −$9.97; short Popdex: 24 payments, +$1.44.
Watch: Prices read 58 s apart+0.026% vs +0.024%
Part of this gap may be the market moving.
Watch: Short leg is thinner$22K vs $280K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCDeribit Yes · Popdex No
ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0311%/8h × 21 periods−$65.36

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$14.07

Fee Deribit bp × 2 orders−$7.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$92.83

price spread not counted: prices read too far apart

Costs to cover0.275%Break-evennever at this rate

Slippage: Deribit: live order book, 64 min ago; Popdex: live order book, 64 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGDeribit0.327.3 bp−$710.9 bp−$109doesn’t fitdoesn’t fit

SELL · SHORTPopdex0.656.0 bp−$617.4 bp−$174doesn’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 ↗