Funding arb · Price arb / RWA

MSTR

RWAAll MSTR markets →

LONGTxFlow▾Reya −0.2995%Popdex −0.0816%Extended −0.0592%tradeXYZ −0.0488%Ondo Perps −0.0438%Nado −0.0335%TxFlow −0.0331%Lighter −0.0200%Polymarket Perps −0.0189%RISEx −0.0161%Paradex −0.0112%Phoenix −0.0006%Aster 0.0000%Bybit 0.0000%QFEX 0.0000%Bitget 0.0000%GRVT 0.0000%SunX 0.0000%Deribit 0.0000%Phemex 0.0000%Gate +0.0009%Arcus +0.0038%Variational Omni +0.0044%Vest Markets +0.0046%SoDEX +0.0050%Avantis +0.0063%OKX +0.0068%AZverse +0.0072%Binance +0.0072%Orderly +0.0078%MEXC +0.0080%Pacifica +0.0100%ApeX Omni +0.0100%Aevo +0.0104%KuCoin +0.0135%BingX +0.0135%BloFin +0.0210%Kraken Futures +0.0427%Injective +0.0440%edgeX +0.0740%

⇄⇅

SHORTHTX▾edgeX +0.0740%Injective +0.0440%Kraken Futures +0.0427%HTX +0.0354%BloFin +0.0210%KuCoin +0.0135%BingX +0.0135%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%MEXC +0.0080%Orderly +0.0078%Binance +0.0072%AZverse +0.0072%OKX +0.0068%SoDEX +0.0050%Vest Markets +0.0046%Variational Omni +0.0044%Arcus +0.0038%Avantis −0.0027%Gate +0.0009%Aster 0.0000%Bybit 0.0000%QFEX 0.0000%Bitget 0.0000%GRVT 0.0000%SunX 0.0000%Deribit 0.0000%Phemex 0.0000%Phoenix −0.0006%Paradex −0.0112%RISEx −0.0161%Polymarket Perps −0.0189%Lighter −0.0200%Nado −0.0335%Ondo Perps −0.0438%tradeXYZ −0.0488%Extended −0.0592%Popdex −0.0816%Reya −0.2995%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowMSTR-USDC	132.57	−0.0331	get 0.0041% / 1h	58m 02s	$46K	$291K	5x	Long TxFlow5% off
SHORT	HTXMSTRX-USDT	133.03	+0.0354	get 0.0354% / 8h	3h 58m	$907K	$1.3M	50x	Short HTX

Price gap+0.347%

Funding gap+0.0685% /8h

Both sides work: funding pays +$21 a day on $10k, and the gap is 0.180% above its 7d average: +$18 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.117% in total, about +0.0056%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.347%

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

24H3D7D14D30D90D

TxFlowHTX

MSTR on 41 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

• !
  Watch: Thin at this size8.1 / 27.1 bp

  At $10k entering HTX costs 27.1 bp, fee and slippage, 3.3× TxFlow’s.
• i
  Note: Margin at max leverage$2,000 + $200

  TxFlow 5x, 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.

  Long TxFlow · 1h+$9.93

  Short HTX · 8h+$10.63

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$20.56Long TxFlow: 24 payments, +$9.93; short HTX: 3 payments, +$10.63.
• ✓
  OK: Entry gap works for you+0.347% vs +0.167%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$46K vs $907K OI

  TxFlow sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legTxFlow points

  Volume here counts toward the points program.
• !
  Watch: KYCTxFlow 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

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0056%/8h × 21 periods+$11.66

Price spread+0.347% → +0.167% (7d avg)+$17.98

Slippage, 4 orderslive order books−$68.46

Fee TxFlow bp × 2 orders−$9.00

Fee HTX bp × 2 orders−$12.00

Net · 7 days · $10k−$59.82

Costs to cover0.895%Break-even42.9 days

Slippage: TxFlow: live order book, 23 min ago; HTX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGTxFlow1.888.1 bp−$816.5 bp−$165doesn’t fitdoesn’t fit

SELL · SHORTHTX21.0727.1 bp−$2734.0 bp−$340doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

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 ↗