TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

MSTR

RWAAll MSTR markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
ReyaMSTRRUSDPERP
144.37−0.0694get 0.0087% / 1h13m 49s$3K$77K6xLong Reya
SHORT
BybitMSTRUSDT
144.55+0.0176get 0.0176% / 8h3h 13m$25.1M$32.0M50xShort Bybit
Price gap+0.126%
Funding gap+0.0871% /8h

Funding pays +$26 a day on $10k, but the gap is 0.055% under its 7d average: −$5 if it goes back, about 5 hours of funding. At the last 7 days' pace that is about 24 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$39+0.0871% /8h now · paid +0.388% over the last 7D
Price−$5spread +0.126% now, avg +0.181% → −0.055% if it goes back
Costsno datano order book for Reya
Result, before costs+$33+0.33%+ Points / potential airdropReya: points · farm boardcosts unknown: no order book for Reya · What the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.388% in total, about +0.0185%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.126%
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
  • Note: Order book unknown—
    No order-book sample for Reya: its slippage is not counted.
  • Note: Margin at max leverage$1,667 + $200
    Reya 6x, Bybit 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: +$26.12Long Reya: 24 payments, +$20.83; short Bybit: 3 payments, +$5.28.
  • Watch: Gap narrower than usual+0.126% vs +0.181%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$3K vs $25.1M OI
    Reya sets your exit cost. Check its book before closing.
  • OK: Points on a legReya points
    Volume here counts toward the points program.
  • Watch: KYCReya No · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0185%/8h × 21 periods+$38.76
Price spread+0.126% → +0.181% (7d avg)−$5.45
Slippage, 4 ordersno data for Reya—
Fee Reya bp × 2 orders−$6.00
Fee Bybit bp × 2 orders−$11.00
Net, fees only · 7 days · $10k+$16.30
Costs to cover0.170%Break-even4.1 days
Slippage: Reya: no order-book sample; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGReya—————
SELL · SHORTBybit0.358.9 bp−$918.1 bp−$18144.2 bp−$4,423doesn’t fit

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

Alert

MSTR news

posts that mention MSTR or Strategy (MicroStrategy), from every exchangeSearch all news →
10-28 17:38QFEXOtherMax 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 14:43RISExOtherPost-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗
10-28 14:43RISExPointsPrint 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 10:00GMXOtherBig 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 21:16BingXOtherEarnings season is heating up for $HOOD and $MSTR 🏦 See what could drive their next moves 👇 @BingXOfficial on X ↗
10-27 15:08tradeXYZOtherEarnings this week on TradeXYZ: Tue 10/27: Robinhood (HOOD), SK hynix (SKHX, SKHY) Wed 10/28: Microsoft (MSFT), Alphabet (GOOGL), ServiceNow (NOW), GE Vernova (GEV), United Microelectronic Corp (UMC), eBay (EBAY) Thu 10/29: Eli Lilly (LLY), Samsung (SAMSUNG), Amazon (AMZN), Intel (INTC), Sandisk (SNDK), Coinbase (COIN), Strategy (MSTR), Reddit (RDDT), Rivian (RIVN) Fri 10/30: Chevron (CVX), Kioxia (KIOXIA) @tradexyz on X ↗