MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexMSTRUSDT	153.51	+0.0184	pay 0.0023% / 1h	34m 05s	$21K	$330K	20x	Long Popdex
SHORT	GRVTMSTR_USDT_Perp	154.13	0	0.0000% / 8h	34m 05s	$96K	$710K	10x	Short GRVT

Price gap+0.401%58s

Funding gap−0.0184% /8h

The gap pays +$39 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 7.1 days.

Funding on this pair paid 0.057% over the last 7 days: the rate has only just turned. The two prices were read 58 s apart: part of this gap may be the market moving.

If you open now and hold

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

Funding+$6−0.0184% /8h now · paid +0.057% over the last 6 days (all we have)

Price—spread +0.401%58s now · prices read too far apart to compare

Costs−$320.318% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropGRVT: points · farm boardneeds both prices read together

The current funding rate is far below what this pair has been paying: over the last 6 days it paid +0.057% in total, about +0.0030%/8h on average.

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.401%

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 35 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Large against open interest6.3 / 8.3 bp
$10k is over 10% of Popdex’s open interest.
Note: Margin at max leverage$500 + $1,000
Popdex 20x, GRVT 10x. 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: −$5.52Long Popdex: 24 payments, −$5.52; short GRVT: 3 payments, $0.00.
Watch: Prices read 58 s apart+0.401% vs +0.011%
Part of this gap may be the market moving.
Watch: Long leg is thinner$21K vs $96K OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · GRVT No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0030%/8h × 21 periods+$6.35

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$16.43

Fee Popdex bp × 2 orders−$6.40

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k−$25.48

price spread not counted: prices read too far apart

Costs to cover0.318%Break-even35.1 days

Slippage: Popdex: live order book, 22 min ago; GRVT: live order book, 23 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex1.306.3 bp−$627.1 bp−$271doesn’t fitdoesn’t fit

SELL · SHORTGRVT1.318.3 bp−$811.6 bp−$116doesn’t fitdoesn’t fit

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 ↗
09-23 11:17	Bitget	Other	If you're already trading $S, $MSTR, $CRCL, $TSLA and other top stocks and commodities, why not check these campaigns to earn rewards too! ⤵️ @bitget on X ↗
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 ↗