MSTR

Alert

Funding spread now, next payment 14:00 UTC+0.0308%/8h

paid, last 24h+0.025%paid, last 3 days−0.033%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 -0.033% in total (about -4.1% 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	165.24	0.0104	pay 0.0013% / 1h	31m 47s	$137	—	10x
Short	Variational Omni MSTR	165.33	0.0412	get 0.0412% / 8h	2h 31m	$1.4M	$1.8M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Variational OmnibpOrdersRate

Funding earned: $64.72
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $48.72
Break-even: 1.7 days

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.053%
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 Variational Omni RFQ quote, 4 min ago	3.18 bp	doesn't fit	7.5 bp −$75	doesn't fit	doesn't fit

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
Gate MSTR_USDT	0.0000%	8h	$5.0M	$16.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$26K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$495K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$943K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$409K	$1.3M	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	$927K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.3M	$8.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$177K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$131K	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$4K	$10K	10x	as long as short
Lighter MSTR	+0.0104%	1h	$3.5M	$2.5M	10x	as long as short
Aevo MSTR-PERPlong	+0.0104%	1h	$137	—	10x
KuCoin MSTRUSDTM	+0.0142%	8h	$2.5M	$1.4M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0147%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.1M	10x	as long as short
Bybit MSTRUSDT	+0.0212%	8h	$15.8M	$33.3M	50x	as long as short
Nado MSTR-PERP	+0.0250%	1h	$153K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$53K	$230K	10x	as long as short
Variational Omni MSTRshort	+0.0412%	8h	$1.4M	$1.8M	—
tradeXYZ xyz:MSTR	+0.0420%	1h	$58.5M	$21.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$13K	$130K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0449%	8h	$21.5M	$74.7M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0477%	1h	$280K	$493K	10x	as long as short
edgeX MSTRUSDC	+0.0486%	4h	$32K	$3.0M	10x	as long as short
Bitget MSTRUSDT	+0.0496%	8h	$32.0M	$86.3M	25x	as long as short
Binance MSTRUSDT	+0.0509%	8h	$86.1M	$365.0M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$99K	10x	as long as short
Aster MSTRUSDT	+0.0553%	8h	$1.9M	$3.5M	50x	as long as short
BloFin MSTR-USDT	+0.0666%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$183K	$257K	10x	as long as short