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
133.97+0.0018pay 0.0018% / 8h5h 26m$914K$1.2M50xLong HTX
SHORT
PacificaMSTR
133.64+0.0100get 0.0013% / 1h26m 30s$126K$161K10xShort Pacifica10% back
Price gap−0.248%
Funding gap+0.0082% /8h

Funding pays +$2 a day on $10k, but the gap is 0.106% under its 7d average: −$11 if it goes back, about 4.3 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$18+0.0082% /8h now · paid −0.180% over the last 7D
Price−$11spread −0.248% now, avg −0.142% → −0.106% if it goes back
Costs−$1041.040% of $10k · taker + slippage, in and out
Result−$133−1.33%+ Points / potential airdropPacifica: points · farm boardWhat 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−0.248%
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 · 5 to watch
  • Watch: Thin at this size54.8 / 11.3 bp
    At $10k entering HTX costs 54.8 bp, fee and slippage, 4.9× Pacifica’s.
  • Note: Margin at max leverage$200 + $1,000
    HTX 50x, Pacifica 10x. 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: +$2.45Long HTX: 3 payments, −$0.55; short Pacifica: 24 payments, +$3.00.
  • Watch: Gap narrower than usual−0.248% vs −0.142%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$126K vs $914K OI
    Pacifica sets your exit cost. Check its book before closing.
  • OK: Points on a legPacifica points
    Volume here counts toward the points program.
  • Watch: KYCHTX Limited · Pacifica 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−0.0086%/8h × 21 periods−$18.02
Price spread−0.248% → −0.142% (7d avg)−$10.55
Slippage, 4 orderslive order books−$83.98
Fee HTX bp × 2 orders−$12.00
Fee Pacifica bp × 2 orders−$8.00
Net · 7 days · $10k−$132.55
Costs to cover1.040%Break-evennever at this rate
Slippage: HTX: live order book, 1 min ago; Pacifica: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGHTX9.7054.8 bp−$55doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPacifica0.5611.3 bp−$1128.9 bp−$289doesn’t fitdoesn’t fit

Closing costs about the same again.

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 ↗