MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedMSTR_24_5-USD	153.64	+0.0776	pay 0.0097% / 1h	16m 39s	$456K	$2.7M	10x	Long Extended10% off
SHORT	PopdexMSTRUSDT	153.88	+0.0480	get 0.0060% / 1h	16m 39s	$24K	$312K	20x	Short Popdex

Price gap+0.158%

Funding gap−0.0296% /8h

The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $9 a day and eats that in about 15 hours. At the last 7 days' pace that is about 6.0 days.

If you open now and hold

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

Funding−$6−0.0296% /8h now · paid −0.062% over the last 7D

Price+$6spread +0.158% now, avg +0.101% → +0.057% if it goes back

Costs−$240.239% of $10k · taker + slippage, in and out

Result−$24−0.24%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.062% in total, about −0.0031%/8h on average.

Price and funding

1h · history

Entry / Exit

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+0.158%

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

4 ok · 2 to watch

Watch: Large against open interest6.7 / 5.5 bp
$10k is over 10% of Popdex’s open interest.
Note: Margin at max leverage$1,000 + $500
Extended 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 Extended: 24 payments, −$23.28; short Popdex: 24 payments, +$14.40.
OK: Entry gap works for you+0.158% vs +0.101%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$24K vs $456K OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
OK: No KYC on either legExtended No · Popdex No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0031%/8h × 21 periods−$6.55

Price spread+0.158% → +0.101% (7d avg)+$5.66

Slippage, 4 orderslive order books−$12.54

Fee Extended bp × 2 orders−$5.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$24.83

Costs to cover0.239%Break-evennever at this rate

Slippage: Extended: live order book, 3 min ago; Popdex: live order book, 18 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGExtended1.636.7 bp−$721.0 bp−$210doesn’t fitdoesn’t fit

SELL · SHORTPopdex0.655.5 bp−$510.7 bp−$107doesn’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 ↗