MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterMSTR	143.39	+0.0032	pay 0.0004% / 1h	6m 46s	$2.6M	$889K	10x	Long Lighter7d free
SHORT	HTXMSTRX-USDT	143.69	+0.0125	get 0.0125% / 8h	5h 06m	$350K	$85K	50x	Short HTX

Price gap+0.209%57s

Funding gap+0.0093% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

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

Funding−$4+0.0093% /8h now · paid −0.035% over the last 7D

Price—spread +0.209%57s now · prices read too far apart to compare

Costs−$250.245% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropLighter: Season 3 · farm boardneeds both prices read together

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+0.209%

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

2 ok · 4 to watch

OK: Fits both order books3.4 / 9.1 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $200
Lighter 10x, HTX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$2.78Long Lighter: 24 payments, −$0.96; short HTX: 3 payments, +$3.74.
Watch: Prices read 57 s apart+0.209% vs +0.221%
Part of this gap may be the market moving.
Watch: Short leg is thinner$350K vs $2.6M OI
HTX sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
Watch: KYCLighter No · HTX Limited
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 earned−0.0017%/8h × 21 periods−$3.51

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$12.51

Fee Lighter bp × 2 orders$0.00

Fee HTX bp × 2 orders−$12.00

Net · 7 days · $10k−$28.02

price spread not counted: prices read too far apart

Costs to cover0.245%Break-evennever at this rate

Slippage: Lighter: live order book, 6 min ago; HTX: live order book, 13 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter1.053.4 bp−$34.2 bp−$4237.0 bp−$3,703doesn’t fit

SELL · SHORTHTX2.439.1 bp−$916.1 bp−$161243.1 bp−$24.3Kdoesn’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 ↗