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
ExtendedMSTR_24_5-USD
156.84+0.0032pay 0.0004% / 1h46m 31s$543K$2.2M10xLong Extended10% off
SHORT
BingXNCSKMSTR2USD-USDT
157.01+0.0198get 0.0198% / 8h4h 46m$911K$9.6M—Short BingX
Price gap+0.106%
Funding gap+0.0166% /8h

Funding trade: +$5 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$63+0.0166% /8h now · paid +0.632% over the last 7D
Price$0spread +0.106% now, avg +0.105% → +0.001% if it goes back
Costs−$310.315% of $10k · taker + slippage, in and out
Result+$32+0.32%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.106%
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

2 ok · 3 to watch
  • OK: Fits both order books5.5 / 9.5 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$1,000 + —
    Extended 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$4.98Long Extended: 24 payments, −$0.96; short BingX: 3 payments, +$5.94.
  • Note: Gap at its usual level+0.106% vs +0.105%
    The price leg adds little either way.
  • Watch: Long leg is thinner$543K vs $911K OI
    Extended sets your exit cost. Check its book before closing.
  • OK: Points on a legExtended points
    Volume here counts toward the points program.
  • Watch: KYCExtended No · BingX Yes
    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+0.0301%/8h × 21 periods+$63.23
Price spread+0.106% → +0.105% (7d avg)+$0.11
Slippage, 4 orderslive order books−$16.46
Fee Extended bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$31.87
Costs to cover0.315%Break-even3.5 days
Slippage: Extended: live order book, 1 min ago; BingX: live order book, 16 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGExtended1.605.5 bp−$619.3 bp−$193doesn’t fitdoesn’t fit
SELL · SHORTBingX4.459.5 bp−$911.2 bp−$11218.2 bp−$1,81570.7 bp−$35.4K

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 ↗
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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 ↗