MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexMSTRUSDT	154.52	+0.0048	pay 0.0006% / 1h	28m 35s	$21K	$319K	20x	Long Popdex
SHORT	BingXNCSKMSTR2USD-USDT	154.38	+0.0352	get 0.0352% / 8h	6h 28m	$911K	$10.5M	—	Short BingX

Price gap−0.091%

Funding gap+0.0304% /8h

Funding pays +$9 a day on $10k, but the gap is 0.097% under its 7d average: −$10 if it goes back, about 25 hours of funding.

If you open now and hold

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

Funding+$65+0.0304% /8h now · paid +0.654% over the last 7D

Price−$10spread −0.091% now, avg +0.006% → −0.097% if it goes back

Costs−$240.243% of $10k · taker + slippage, in and out

Result+$31+0.31%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Entry / ExitPopdex: thin, under $1M open interest · BingX: thin, under $1M open interest

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−0.091%

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 34 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Large against open interest5.2 / 6.4 bp
$10k is over 10% of Popdex’s open interest.
Note: Margin at max leverage$500 + —
Popdex 20x, BingX —. 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: +$9.12Long Popdex: 24 payments, −$1.44; short BingX: 3 payments, +$10.56.
Watch: Gap narrower than usual−0.091% vs +0.006%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$21K vs $911K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · BingX Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0343%/8h × 21 periods+$72.03

Price spread−0.091% → +0.006% (7d avg)−$9.66

Slippage, 4 orderslive order books−$7.87

Fee Popdex bp × 2 orders−$6.40

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k+$38.10

Costs to cover0.243%Break-even3.3 days

Slippage: Popdex: live order book, 4 min ago; BingX: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex0.975.2 bp−$511.3 bp−$113doesn’t fitdoesn’t fit

SELL · SHORTBingX0.656.4 bp−$68.4 bp−$8414.0 bp−$1,40027.7 bp−$13.9K

Closing costs about the same again.

MSTR news

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

09-28 19:52	RISEx	Contest	RISEx did $769.5M last week, up 15% from $669.4M BTC volume alone grew 37%, from $192.6M to $263.8M MSTR just entered our RWA leaderboard for the first time at $10.4M; in the same week, BTC volume surged - not a coincidence at all. What are we trading this week? @risextrade on X ↗
09-25 00:50	Injective	Token	The Injective Stockdrop officially starts next week. Anyone who participated in the $INJ BuyBack yesterday will be eligible to earn a stock token on Robinhood Chain. 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 ↗
09-24 04:00	Gate	Listing	Gate Futures Stocks Section & Forex Zone Initial Listing: $MSTU (2X Long MSTR Daily Target ETF), $OKLO (Oklo Inc.), $USDBRL (USD/BRL) and 9 futures in total. 🔹 Trading Pairs: $MSTU / $USDT, $OKLO / $USDT, $USDBRL / $USDT & 6 more 🔹 Trading Starts: September 24th, 2026 03:00AM (UTC) 🔹 Supports 1 – 20x Leverage, Bots, and Copy Trading 🔹 Gate currently supports trading of 459 stock futures More details: @Gate on X ↗
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09-22 08:29	Bitget	Other	New CandyBomb Alert on #Bitget! 🚨 Trade futures and claim your share of 120 $MSTR in rToken. Details. @bitget on X ↗
09-21 20:49	Backpack	Other	JUST IN: Michael Saylor’s Strategy now has nearly $10 billion in unrealized gains on its Bitcoin holdings as $BTC trades above $87,000. $MSTR +30.14% over the past week @Backpack on X ↗