MSTR

Alert

Funding spread now, next payment 15:00 UTC+0.0333%/8h

paid, last 24h+0.038%paid, last 3 days−0.020%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.020% in total (about -2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MSTR-PERP	165.01	0.0104	pay 0.0013% / 1h	43m 34s	$137	—	10x
Short	Binance MSTRUSDT	165.04	0.0437	get 0.0437% / 8h	1h 43m	$85.6M	$469.7M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BinancebpOrdersRate

Funding earned: $70.03
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: $44.03
Break-even: 2.6 days

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.020%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.30 bp	5.9 bp −$6	9.9 bp −$99	30.4 bp −$3,042	104.1 bp −$52.0K

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MSTR/USDC PERP	−0.0440%	1h	$12K	$103K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	$5.0M	$18.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$27K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$489K	$2.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.3M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$418K	$1.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$839K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$8.9M	10x	as long as short
Nado MSTR-PERP	+0.0065%	1h	$154K	$251K	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$101K	$176K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$131K	$2.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$14K	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	$137	—	10x
KuCoin MSTRUSDTM	+0.0114%	8h	$3.2M	$2.1M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0122%	8h	$66	—	5x	as long as short
Lighter MSTR	+0.0152%	1h	$3.5M	$2.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0160%	1h	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0164%	1h	$56.1M	$29.4M	10x	as long as short
Bybit MSTRUSDT	+0.0214%	8h	$15.7M	$41.5M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0296%	1h	$280K	$454K	10x	as long as short
edgeX MSTRUSDC	+0.0314%	4h	$61K	$4.1M	10x	as long as short
Phoenix MSTR	+0.0320%	1h	$54K	$334K	10x	as long as short
Variational Omni MSTR	+0.0379%	8h	$1.3M	$2.1M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0383%	8h	$21.5M	$94.1M	50x	as long as short
Bitget MSTRUSDT	+0.0426%	8h	$28.8M	$104.7M	25x	as long as short
Binance MSTRUSDTshort	+0.0437%	8h	$85.6M	$469.7M	50x
Aster MSTRUSDT	+0.0469%	8h	$1.9M	$4.8M	50x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$189K	$389K	10x	as long as short
BloFin MSTR-USDT	+0.0576%	8h	$1.1M	$1.4M	20x	as long as short
Arcus MSTR-USD	+0.0991%	1h	$26K	$123K	10x	as long as short