MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_MSTRXUSD	145.64	+0.0496	pay 0.0062% / 1h	45m 38s	$1.1M	$123K	20x	Long Kraken Futures
SHORT	AZversemstr_usdt	145.82	+0.0068	get 0.0008% / 1h	45m 38s	$132K	$11K	—	Short AZverse

Price gap+0.121%

Funding gap−0.0428% /8h

Funding costs $13 a day on $10k at the current rate. Swap the legs.

If you open now and hold

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

Funding−$5−0.0428% /8h now · paid −0.053% over the last 17 hours (all we have)

Price$0spread +0.121% now, avg +0.124% → −0.003% if it goes back

Costsno datano order book for AZverse

Result, before costs−$6−0.06%no pointscosts unknown: no order book for AZverse · What 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+0.121%

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 · 2 to watch

Note: Order book unknown—
No order-book sample for AZverse: its slippage is not counted.
Note: Margin at max leverage$500 + —
Kraken Futures 20x, AZverse —. 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: −$12.83Long Kraken Futures: 24 payments, −$14.87; short AZverse: 24 payments, +$2.04.
Note: Gap at its usual level+0.121% vs +0.124%
The price leg adds little either way.
Watch: Short leg is thinner$132K vs $1.1M OI
AZverse sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · AZverse No
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−0.0246%/8h × 21 periods−$51.62

Price spread+0.121% → +0.124% (7d avg)−$0.29

Slippage, 4 ordersno data for AZverse—

Fee Kraken Futures bp × 2 orders−$10.00

Fee AZverse bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$73.92

Costs to cover0.220%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 3 min ago; AZverse: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures4.1214.4 bp−$1431.8 bp−$318doesn’t fitdoesn’t fit

SELL · SHORTAZverse—————

Closing costs about the same again.
AZverse: 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 ↗