MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GRVTMSTR_USDT_Perp	154.08	+0.0040	pay 0.0040% / 8h	7h 59m	$104K	$698K	10x	Long GRVT
SHORT	PopdexMSTRUSDT	154.22	+0.0232	get 0.0029% / 1h	59m 14s	$21K	$318K	20x	Short Popdex

Price gap+0.091%

Funding gap+0.0192% /8h

Both sides work: funding pays +$6 a day on $10k, and the gap is 0.102% above its 7d average: +$10 more if it goes back.

Funding on this pair cost 0.057% over the last 7 days: the rate has only just turned.

If you open now and hold

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

Funding−$6+0.0192% /8h now · paid −0.057% over the last 6 days (all we have)

Price+$10spread +0.091% now, avg −0.011% → +0.102% if it goes back

Costs−$320.318% of $10k · taker + slippage, in and out

Result−$27−0.27%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 6 days it paid −0.057% in total, about −0.0030%/8h on average.

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.091%

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

3 ok · 3 to watch

Watch: Large against open interest11.9 / 5.3 bp
$10k is over 10% of Popdex’s open interest.
Note: Margin at max leverage$1,000 + $500
GRVT 10x, Popdex 20x. 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.
Next 24h at the current rates, on $10k a leg: +$5.76Long GRVT: 3 payments, −$1.20; short Popdex: 24 payments, +$6.96.
OK: Entry gap works for you+0.091% vs −0.011%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$21K vs $104K OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
OK: No KYC on either legGRVT 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−0.0030%/8h × 21 periods−$6.33

Price spread+0.091% → −0.011% (7d avg)+$10.23

Slippage, 4 orderslive order books−$16.43

Fee GRVT bp × 2 orders−$9.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$27.94

Costs to cover0.318%Break-evennever at this rate

Slippage: GRVT: live order book, 58 min ago; Popdex: live order book, 57 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGRVT1.3111.9 bp−$1218.1 bp−$181doesn’t fitdoesn’t fit

SELL · SHORTPopdex1.305.3 bp−$513.4 bp−$134doesn’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 ↗