MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HTXMSTRX-USDT	134.04	+0.0034	pay 0.0034% / 8h	5h 23m	$914K	$1.2M	50x	Long HTX
SHORT	PhoenixMSTR	133.56	+0.0060	get 0.0007% / 1h	23m 42s	$50K	$492K	10x	Short Phoenix

Price gap−0.354%

Funding gap+0.0025% /8h

Funding pays +$1 a day on $10k, but the gap is 0.184% under its 7d average: −$18 if it goes back, about 24 days of funding. At the last 7 days' pace that is about 6.4 days.

If you open now and hold

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

Funding+$20+0.0025% /8h now · paid +0.202% over the last 7D

Price−$18spread −0.354% now, avg −0.171% → −0.184% if it goes back

Costs−$990.986% of $10k · taker + slippage, in and out

Result−$97−0.97%no pointsWhat the last 7D really paid, hour by hour → backtest

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−0.354%

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

0 ok · 5 to watch

Watch: Thin at this size54.8 / 12.2 bp
At $10k entering HTX costs 54.8 bp, fee and slippage, 4.5× Phoenix’s.
Note: Margin at max leverage$200 + $1,000
HTX 50x, Phoenix 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: +$0.76Long HTX: 3 payments, −$1.03; short Phoenix: 24 payments, +$1.80.
Watch: Gap narrower than usual−0.354% vs −0.171%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$50K vs $914K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCHTX Limited · Phoenix 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+0.0096%/8h × 21 periods+$20.17

Price spread−0.354% → −0.171% (7d avg)−$18.38

Slippage, 4 orderslive order books−$79.64

Fee HTX bp × 2 orders−$12.00

Fee Phoenix bp × 2 orders−$7.00

Net · 7 days · $10k−$96.85

Costs to cover0.986%Break-even40.6 days

Slippage: HTX: live order book, 4 min ago; Phoenix: live order book, 28 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGHTX9.7054.8 bp−$55doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPhoenix3.9712.2 bp−$1225.8 bp−$258doesn’t fitdoesn’t fit

Closing costs about the same again.

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchangeSearch all news →

10-29 14:50	Phoenix	Other	Five 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 17:38	QFEX	Other	Max 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 14:43	RISEx	Other	Post-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗
10-28 14:43	RISEx	Points	Print 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 10:00	GMX	Other	Big 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 21:16	BingX	Other	Earnings season is heating up for $HOOD and $MSTR 🏦 See what could drive their next moves 👇 @BingXOfficial on X ↗