MSTR

Alert

Funding spread now, next payment 16:00 UTC+0.0605%/8h

next payment, per $10,000+$0.76paid, last 24h−0.010%paid, last 3 days−0.084%to open and close $10k−$152

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.084% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 per $10,000. 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	ApeX Omni MSTRUSDT	166.50	0.0100	pay 0.0013% / 1h	35m 41s	$132K	$2.0M	50x
Short	Arcus MSTR-USD	166.73	0.0705	get 0.0088% / 1h	35m 41s	$26K	$126K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee ArcusbpOrdersRate

Funding earned: $127.15
Slippage, 4 orders: −$137.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$24.96
Break-even: 8.4 days

Slippage from ApeX Omni: live order book, 5 min ago; Arcus: live order book, 49 min ago.

Price risk

price view

Price gap now: +0.138%
Avg gap 7d: 0.000%

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 ApeX Omni live order book, 5 min ago	13.18 bp	69.7 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 49 min ago	5.11 bp	7.9 bp −$8	26.4 bp −$264	doesn't fit	doesn't fit

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	$4.9M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$36K	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	$12K	$97K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.6M	25x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$912K	$4.5M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$9.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0066%	1h	$408K	$2.1M	10x	as long as short
Nado MSTR-PERP	+0.0067%	1h	$128K	$260K	3x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$164K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MSTRUSDTlong	+0.0100%	1h	$132K	$2.0M	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$139	—	10x	as long as short
Extended MSTR_24_5-USD	+0.0112%	1h	$508K	$2.2M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0131%	8h	$67	—	5x	as long as short
Lighter MSTR	+0.0168%	1h	$3.6M	$2.9M	10x	as long as short
KuCoin MSTRUSDTM	+0.0168%	8h	$2.6M	$2.6M	20x	as long as short
Phoenix MSTR	+0.0216%	1h	$56K	$364K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0244%	1h	$57.1M	$31.5M	10x	as long as short
Bybit MSTRUSDT	+0.0245%	8h	$15.6M	$43.4M	50x	as long as short
Variational Omni MSTR	+0.0312%	8h	$1.3M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0321%	8h	$22.3M	$100.7M	50x	as long as short
Bitget MSTRUSDT	+0.0373%	8h	$29.1M	$110.2M	25x	as long as short
Binance MSTRUSDT	+0.0377%	8h	$89.3M	$532.1M	50x	as long as short
Aster MSTRUSDT	+0.0389%	8h	$1.3M	$5.9M	50x	as long as short
RISEx MSTR/USDC	+0.0486%	1h	$304K	$460K	10x	as long as short
BloFin MSTR-USDT	+0.0498%	8h	$1.1M	$1.4M	20x	as long as short
Arcus MSTR-USDshort	+0.0705%	1h	$26K	$126K	10x
Deribit MSTR_USDC-PERPETUAL	+0.0709%	1h	$284K	$456K	10x	as long as short
edgeX MSTRUSDC	+0.0953%	4h	$62K	$4.6M	10x	as long as short