MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_MSTRXUSD	129.32	−0.0860	get 0.0107% / 1h	45m 27s	$1.2M	$1.9M	20x	Long Kraken Futures
SHORT	PhemexMSTRUSDT	129.53	0	0.0000% / 4h	3h 45m	$1.2M	$948K	10x	Short Phemex

Price gap+0.165%

Funding gap+0.0860% /8h

Both sides work: funding pays +$26 a day on $10k, and the gap is 0.047% above its 7d average: +$5 more if it goes back.

If you open now and hold

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

Funding−$61+0.0860% /8h now · paid −0.613% over the last 7D

Price+$5spread +0.165% now, avg +0.118% → +0.047% if it goes back

Costs−$1091.091% of $10k · taker + slippage, in and out

Result−$166−1.66%no points

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+0.165%

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

Watch: Thin at this size33.0 / 25.1 bp
At $10k entering Kraken Futures costs 33.0 bp, fee and slippage, 1.3× Phemex’s.
Note: Margin at max leverage$500 + $1,000
Kraken Futures 20x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$25.79Long Kraken Futures: 24 payments, +$25.79; short Phemex: 6 payments, $0.00.
OK: Entry gap works for you+0.165% vs +0.118%
You short the dearer leg. If the gap goes back to average, the short gains.
Note: Short leg is thinner$1.2M vs $1.2M OI
Both legs are deep; Phemex is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · Phemex 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−0.0292%/8h × 21 periods−$61.27

Price spread+0.165% → +0.118% (7d avg)+$4.72

Slippage, 4 orderslive order books−$87.06

Fee Kraken Futures bp × 2 orders−$10.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$165.61

Costs to cover1.091%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 1 min ago; Phemex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures23.1833.0 bp−$3352.8 bp−$528doesn’t fitdoesn’t fit

SELL · SHORTPhemex13.6525.1 bp−$2535.0 bp−$350doesn’t fitdoesn’t fit

Closing costs about the same again.

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchange

11-04 19:06	Ondo Perps	Other	Eligible perps markets for the Liquidity Pool: ▸ Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX ▸ Indices: US 500, US 100 ▸ ETFs: DRAM, SOXL ▸ Commodities: Gold, Silver, WTI ▸ Crypto: BTC, ETH Rewards are paid in USDC directly to your trading account within 48 hours of each week’s close. Trade Now → @OndoPerps on X ↗
11-03 11:10	Bulk	Other	STOCK SZN CONTINUES Trade $NVDA, $CRCL and $MSTR up to 10x leverage! >Fees are 55% off on all RWAs >This weeks gauntlet is stock szn >You get to tell your parents your an equities investor What are you waiting for? @bulktrade on X ↗
11-01 12:46	Bulk	Listing	new market MSTR-USD ($MSTR) seen by our collector
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 ↗