MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixMSTR	133.41	−0.0024	get 0.0003% / 1h	9m 12s	$50K	$496K	10x	Long Phoenix
SHORT	HTXMSTRX-USDT	133.82	0	0.0000% / 8h	6h 09m	$913K	$1.3M	50x	Short HTX

Price gap+0.311%

Funding gap+0.0024% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.143% above its 7d average: +$14 more if it goes back.

If you open now and hold

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

Funding−$20+0.0024% /8h now · paid −0.195% over the last 7D

Price+$14spread +0.311% now, avg +0.168% → +0.143% if it goes back

Costs−$980.980% of $10k · taker + slippage, in and out

Result−$103−1.03%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+0.311%

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 · 4 to watch

Watch: Thin at this size12.2 / 30.2 bp
At $10k entering HTX costs 30.2 bp, fee and slippage, 2.5× Phoenix’s.
Note: Margin at max leverage$1,000 + $200
Phoenix 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: +$0.72Long Phoenix: 24 payments, +$0.72; short HTX: 3 payments, $0.00.
OK: Entry gap works for you+0.311% vs +0.168%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$50K vs $913K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix 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−0.0093%/8h × 21 periods−$19.55

Price spread+0.311% → +0.168% (7d avg)+$14.30

Slippage, 4 orderslive order books−$78.95

Fee Phoenix bp × 2 orders−$7.00

Fee HTX bp × 2 orders−$12.00

Net · 7 days · $10k−$103.20

Costs to cover0.980%Break-evennever at this rate

Slippage: Phoenix: live order book, 47 min ago; HTX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix3.9712.2 bp−$1225.8 bp−$258doesn’t fitdoesn’t fit

SELL · SHORTHTX17.5530.2 bp−$30490.1 bp−$4,901doesn’t fitdoesn’t fit

Closing costs about the same again.

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchangeSearch all news →

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 ↗
10-28 14:43	RISEx	Points	Print Week on RISEx. $HOOD has reported $GOOGL reports tonight $SNDK, $INTC and $MSTR report tomorrow Whatever your read is, trade all five with a 20% points boost through 04th November @risextrade on X ↗
10-28 10:00	GMX	Other	Big tech earnings week: Oct 28: $MSFT, $GOOGL after the close, hours after the Fed decision Oct 29: $AMZN, $MSTR after the close Nov 2: $AAPL, John Ternus’ first call as CEO Watch cloud growth, AI spend, and holiday guidance. All five trade as Solana perps. @GMX_IO on X ↗
10-27 21:16	BingX	Other	Earnings season is heating up for $HOOD and $MSTR 🏦 See what could drive their next moves 👇 @BingXOfficial on X ↗