MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_MSTRXUSD	145.13	+0.0453	pay 0.0057% / 1h	31m 00s	$1.1M	$63K	20x	Long Kraken Futures
SHORT	PopdexMSTRUSDT	145.28	+0.0048	get 0.0006% / 1h	31m 00s	$53K	$146K	20x	Short Popdex

Price gap+0.105%

Funding gap−0.0405% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 6 hours.

If you open now and hold

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

Funding−$46−0.0405% /8h now · paid −0.460% over the last 7D

Price+$3spread +0.105% now, avg +0.075% → +0.030% if it goes back

Costs−$360.364% of $10k · taker + slippage, in and out

Result−$79−0.79%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+0.105%

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 40 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Large against open interest14.7 / 4.8 bp
$10k is over 10% of Popdex’s open interest.
Note: Margin at max leverage$500 + $500
Kraken Futures 20x, Popdex 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: −$12.14Long Kraken Futures: 24 payments, −$13.58; short Popdex: 24 payments, +$1.44.
OK: Entry gap works for you+0.105% vs +0.075%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$53K vs $1.1M OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKraken Futures Yes · Popdex 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−0.0219%/8h × 21 periods−$45.97

Price spread+0.105% → +0.075% (7d avg)+$2.95

Slippage, 4 orderslive order books−$20.03

Fee Kraken Futures bp × 2 orders−$10.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$79.45

Costs to cover0.364%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 2 min ago; Popdex: live order book, 21 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKraken Futures5.5114.7 bp−$1533.0 bp−$330doesn’t fitdoesn’t fit

SELL · SHORTPopdex1.034.8 bp−$58.4 bp−$8454.2 bp−$5,415doesn’t fit

Closing costs about the same again.

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 ↗