MSTR

Alert

Funding spread now, next payment 15:00 UTC−0.0540%/8h

next payment, per $10,000−$0.68paid, last 24h+0.016%paid, last 5 days+0.075%to open and close $10k−$182

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.075% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.68 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	165.96	0.0100	pay 0.0013% / 1h	27m 40s	$132K	$2.4M	50x
Short	Injective MSTR/USDC PERP	165.73	−0.0440	pay 0.0055% / 1h	27m 40s	$12K	$123K	30x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee InjectivebpOrdersRate

Funding earned: −$113.4
Slippage, 4 orders: −$171.8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$295.22
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; Injective: live order book, 23 min ago.

Price risk

price view

Price gap now: −0.139%
Avg gap 7d: −0.362%

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, 3 min ago	16.82 bp	61.4 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 23 min ago	20.53 bp	20.5 bp −$21	23.0 bp −$230	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
Injective MSTR/USDC PERPshort	−0.0440%	1h	$12K	$123K	30x
Gate MSTR_USDT	0.0000%	8h	$5.0M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$30K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$493K	$2.3M	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	$419K	$1.7M	10x	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	$843K	$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	+0.0084%	1h	$155K	$245K	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 MSTRUSDTlong	+0.0100%	1h	$132K	$2.4M	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$14K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0116%	8h	$66	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0139%	8h	$3.2M	$2.1M	20x	as long as short
Lighter MSTR	+0.0160%	1h	$3.6M	$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	+0.0196%	1h	$56.6M	$29.9M	10x	as long as short
Bybit MSTRUSDT	+0.0202%	8h	$15.8M	$41.5M	50x	as long as short
Phoenix MSTR	+0.0320%	1h	$54K	$334K	10x	as long as short
Variational Omni MSTR	+0.0342%	8h	$1.3M	$2.1M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0360%	8h	$21.8M	$96.5M	50x	as long as short
Bitget MSTRUSDT	+0.0401%	8h	$28.7M	$106.0M	25x	as long as short
Binance MSTRUSDT	+0.0413%	8h	$86.0M	$477.3M	50x	as long as short
Aster MSTRUSDT	+0.0443%	8h	$1.6M	$5.0M	50x	as long as short
BloFin MSTR-USDT	+0.0542%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$196K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0596%	1h	$282K	$450K	10x	as long as short
edgeX MSTRUSDC	+0.0698%	4h	$61K	$4.1M	10x	as long as short
Arcus MSTR-USD	+0.0991%	1h	$26K	$123K	10x	as long as short