MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HTXMSTRX-USDT	143.90	0	0.0000% / 8h	3h 56m	$350K	$85K	50x	Long HTX
SHORT	ReyaMSTRRUSDPERP	143.55	−0.0386	pay 0.0048% / 1h	56m 41s	$5K	$62K	6x	Short Reya

Price gap−0.242%

Funding gap−0.0386% /8h

Both sides work against this direction now: funding costs $12 a day on $10k and the gap is 0.242% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

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

Funding—−0.0386% /8h now · no funding history yet

Price—spread −0.242% now · no price history on both exchanges yet

Costsno datano order book for Reya

Result, before costs—+ Points / potential airdropReya: points · farm boardneeds funding history

Price and funding

1h · history

Price spread

Prices

Fundingper 8h

PRICE SPREAD · 7D

Now−0.242%

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 Reya: its slippage is not counted.
Note: Margin at max leverage$200 + $1,667
HTX 50x, Reya 6x. 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: −$11.57Long HTX: 3 payments, $0.00; short Reya: 24 payments, −$11.57.
Note: No 7-day spread history−0.242%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$5K vs $350K OI
Reya sets your exit cost. Check its book before closing.
OK: Points on a legReya points
Volume here counts toward the points program.
Watch: KYCHTX Limited · Reya 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 earnedno history yet: current rate−$80.99

Price spread−0.242% → 0−$24.25

Slippage, 4 ordersno data for Reya—

Fee HTX bp × 2 orders−$12.00

Fee Reya bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$123.23

Costs to cover0.180%Break-evennever at this rate

Slippage: HTX: live order book, 61 min ago; Reya: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGHTX2.799.5 bp−$911.2 bp−$112doesn’t fitdoesn’t fit

SELL · SHORTReya—————

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

MSTR news

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

10-23 16:53	Backpack	Other	Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-23 08:04	Reya	Listing	$CRCL $HOOD $MSTR perps are live on Reya. The stablecoin issuer, the broker, and the one people bought because they couldn't buy bitcoin. Now all three trade next to our bitcoin perp. 24/7. 16 RWA perps and counting. Climb the waitlist to get inside. @reya_xyz on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. 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 ↗
10-20 16:51	Phemex	Other	MSTR has not been removed from MSCI indexes. The rule has changed; the final list is still pending. November 11 is the date to watch. If MSTR is removed, index funds may adjust their stock holdings—not force Strategy to sell BTC. Which matters more to you: index flows or the Bitcoin thesis? 🧐 Read the full analysis: @Phemex_official on X ↗
10-20 15:03	Vest Markets	Other	Trade $MSTR volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗
10-20 15:03	Vest Markets	Token	Strategy is up around 7% on today's session, with $MSTR recovering part of Friday's ~10% slide. Last week's filing showed 267 $BTC added for $22.1M, lifting holdings to 848,517 coins, and the preferred buyback authorization raised to $3B from $2B. The same week put $193M into preferred repurchases, nearly nine times what went into new coins. @VestExchange on X ↗