TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
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
HTXMSTRX-USDT
133.9600.0000% / 8h6h 11m$914K$1.3M50xLong HTX
SHORT
OrderlyPERP_MSTR_USDC_mythos
133.46+0.0061get 0.0061% / 8h6h 11m$20K$191K10xShort Orderly
Price gap−0.373%
Funding gap+0.0061% /8h

Funding pays +$2 a day on $10k, but the gap is 0.194% under its 7d average: −$19 if it goes back, about 11 days of funding. At the last 7 days' pace that is about 13 months.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding$0+0.0061% /8h now · paid +0.004% over the last 7D
Price−$19spread −0.373% now, avg −0.179% → −0.194% if it goes back
Costsno datano order book for Orderly
Result, before costs−$19−0.19%no pointscosts unknown: no order book for Orderly · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.373%
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 41 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Orderly: its slippage is not counted.
  • Note: Margin at max leverage$200 + $1,000
    HTX 50x, Orderly 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$1.83Long HTX: 3 payments, $0.00; short Orderly: 3 payments, +$1.83.
  • Watch: Gap narrower than usual−0.373% vs −0.179%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$20K vs $914K OI
    Orderly sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCHTX Limited · Orderly No
    No ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0002%/8h × 21 periods+$0.35
Price spread−0.373% → −0.179% (7d avg)−$19.42
Slippage, 4 ordersno data for Orderly—
Fee HTX bp × 2 orders−$12.00
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$37.07
Costs to cover0.180%Break-even742.7 days
Slippage: HTX: live order book, 1 min ago; Orderly: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGHTX17.5543.3 bp−$43doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOrderly—————

Closing costs about the same again.
Orderly: no data.

Alert

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchangeSearch all news →
10-29 14:50PhoenixOtherFive Phoenix-listed equities report after the close today. $SNDK 4:30pm ET. $AMZN, $INTC, $MSTR and $COIN 5:00pm ET. Trade them 24/7 on Phoenix. @PhoenixTrade on X ↗
10-28 17:38QFEXOtherMax leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗
10-28 14:43RISExOtherPost-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗
10-28 14:43RISExPointsPrint Week on RISEx. $HOOD has reported $GOOGL reports tonight $SNDK, $INTC and $MSTR report tomorrow Whatever your read is, trade all five with a 20% points boost through 04th November @risextrade on X ↗
10-28 10:00GMXOtherBig tech earnings week: Oct 28: $MSFT, $GOOGL after the close, hours after the Fed decision Oct 29: $AMZN, $MSTR after the close Nov 2: $AAPL, John Ternus’ first call as CEO Watch cloud growth, AI spend, and holiday guidance. All five trade as Solana perps. @GMX_IO on X ↗
10-27 21:16BingXOtherEarnings season is heating up for $HOOD and $MSTR 🏦 See what could drive their next moves 👇 @BingXOfficial on X ↗