MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0050%/8h

next payment, per $10,000−$0.06paid, last 24h+0.101%paid, last 5 days+0.085%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSTRUSDT	166.15	0.0100	pay 0.0013% / 1h	35m 30s	$130K	$1.8M	50x
Short	Ondo Perps MSTR-USD.P	166.03	0.0050	get 0.0006% / 1h	35m 30s	$884K	$4.4M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Ondo PerpsbpOrdersRate

Funding earned: −$10.42
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.42
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.072%
Avg gap 7d: −0.118%

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	3.01 bp	68.1 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	$4.8M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$39K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$499K	$2.2M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.3M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$409K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	$884K	$4.4M	10x
Lighter MSTR	+0.0056%	1h	$3.6M	$2.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$152K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	$130K	$1.8M	50x
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$12K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0108%	8h	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Nado MSTR-PERP	+0.0137%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0154%	1h	$57.2M	$31.5M	10x	as long as short
edgeX MSTRUSDC	+0.0205%	4h	$45K	$4.9M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$56K	$380K	10x	as long as short
Variational Omni MSTR	+0.0241%	8h	$1.2M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0263%	8h	$22.3M	$100.9M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$293K	$468K	10x	as long as short
Aster MSTRUSDT	+0.0291%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0299%	8h	$89.7M	$555.4M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0323%	8h	$28.9M	$110.8M	25x	as long as short
Bybit MSTRUSDT	+0.0419%	8h	$15.5M	$41.8M	50x	as long as short
BloFin MSTR-USDT	+0.0423%	8h	$1.1M	$1.4M	20x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0654%	1h	$282K	$454K	10x	as long as short