MSTR

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexMSTRUSDT	143.06	+0.0048	pay 0.0006% / 1h	48m 52s	$22K	$229K	20x	Long Popdex
SHORT	ReyaMSTRRUSDPERP	142.98	−0.1179	pay 0.0147% / 1h	48m 52s	$5K	$62K	6x	Short Reya

Price gap−0.059%59s

Funding gap−0.1227% /8h

Both sides work against this direction now: funding costs $37 a day on $10k and the gap is 0.059% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

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

Funding—−0.1227% /8h now · no funding history yet

Price—spread −0.059%59s now · prices read too far apart to compare

Costsno datano order book for Reya

Result, before costs—+ Points / potential airdropReya: points · farm boardneeds funding history

Price and funding

1h · history

Price spread

Prices

Fundingper 8h

PRICE SPREAD · 7D

Now−0.059%

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

3 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Reya: its slippage is not counted.
Note: Margin at max leverage$500 + $1,667
Popdex 20x, Reya 6x. 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: −$36.80Long Popdex: 24 payments, −$1.44; short Reya: 24 payments, −$35.36.
Watch: Prices read 59 s apart−0.059% vs —
Part of this gap may be the market moving.
Watch: Short leg is thinner$5K vs $22K OI
Reya sets your exit cost. Check its book before closing.
OK: Points on a legReya points
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · Reya 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 earnedno history yet: current rate−$257.59

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Reya—

Fee Popdex bp × 2 orders−$6.40

Fee Reya bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$269.99

price spread not counted: prices read too far apart

Costs to cover0.124%Break-evennever at this rate

Slippage: Popdex: live order book, 63 min ago; Reya: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex1.746.2 bp−$612.2 bp−$12270.4 bp−$7,038doesn’t fit

SELL · SHORTReya—————

Closing costs about the same again.
Reya: no data.

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 ↗