MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	InjectiveMSTR/USDC PERP	146.64	−0.0440	get 0.0055% / 1h	47m 06s	$18K	$53K	25x	Long Injective
SHORT	Kraken FuturesPF_MSTRXUSD	144.97	+0.0453	get 0.0057% / 1h	47m 06s	$1.1M	$65K	20x	Short Kraken Futures

Price gap−1.141%840s

Funding gap+0.0893% /8h

Funding pays +$27 a day on $10k, but the gap is 1.141% under zero (no 7-day history yet): −$114 if it goes back, about 4.3 days of funding. At the last 7 days' pace that is about 19 days.

If you open now and hold

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

Funding+$42+0.0893% /8h now · paid +0.420% over the last 7D

Price—spread −1.141%840s now · prices read too far apart to compare

Costsno datano order book for Injective

Result, before costs—no pointsneeds both prices read together

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.420% in total, about +0.0200%/8h on average.

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−1.141%

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 Injective: its slippage is not counted.
Note: Margin at max leverage$400 + $500
Injective 25x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$26.80Long Injective: 24 payments, +$13.20; short Kraken Futures: 24 payments, +$13.60.
Watch: Prices read 14 min apart−1.141% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$18K vs $1.1M OI
Injective sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCInjective No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0200%/8h × 21 periods+$42.04

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Injective—

Fee Injective bp × 2 orders−$0.02

Fee Kraken Futures bp × 2 orders−$10.00

Net, fees only · 7 days · $10k+$32.02

price spread not counted: prices read too far apart

Costs to cover0.100%Break-even1.7 days

Slippage: Injective: no order-book sample; Kraken Futures: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGInjective—————

SELL · SHORTKraken Futures3.799.8 bp−$1028.0 bp−$280doesn’t fitdoesn’t fit

Closing costs about the same again.
Injective: 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 ↗