MSTR

Alert

Funding spread now, next payment 16:00 UTC−0.0050%/8h

next payment, per $10,000−$0.06paid, last 24h+0.162%paid, last 3 days+0.279%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MSTRUSDT	165.65	0.0100	pay 0.0013% / 1h	25m 24s	$132K	$1.9M	50x
Short	SoDEX MSTR-USD	166.09	0.0050	get 0.0006% / 1h	25m 24s	$44K	$3K	10x

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 SoDEXbpOrdersRate

Funding earned: −$10.5
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$28.5
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.266%
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 ApeX Omni live order book, 5 min ago	9.33 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	$4.9M	$18.8M	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
Nado MSTR-PERP	+0.0045%	1h	$127K	$257K	3x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.6M	25x	as long as short
Extended MSTR_24_5-USD	+0.0048%	1h	$505K	$2.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$407K	$2.1M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	$895K	$4.5M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$9.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$102K	$153K	10x	as long as short
ApeX Omni MSTRUSDTlong	+0.0100%	1h	$132K	$1.9M	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
Lighter MSTR	+0.0112%	1h	$3.6M	$2.9M	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	+0.0119%	8h	$67	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0146%	8h	$2.6M	$2.6M	20x	as long as short
tradeXYZ xyz:MSTR	+0.0206%	1h	$56.9M	$31.7M	10x	as long as short
Phoenix MSTR	+0.0216%	1h	$54K	$364K	10x	as long as short
Bybit MSTRUSDT	+0.0244%	8h	$15.5M	$43.7M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0298%	8h	$22.1M	$101.1M	50x	as long as short
Variational Omni MSTR	+0.0305%	8h	$1.3M	$2.2M	—	as long as short
Binance MSTRUSDT	+0.0357%	8h	$88.4M	$537.3M	50x	as long as short
Bitget MSTRUSDT	+0.0357%	8h	$28.9M	$110.7M	25x	as long as short
Aster MSTRUSDT	+0.0361%	8h	$1.3M	$5.9M	50x	as long as short
BloFin MSTR-USDT	+0.0480%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0486%	1h	$304K	$463K	10x	as long as short
Arcus MSTR-USD	+0.0705%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0713%	1h	$283K	$461K	10x	as long as short
edgeX MSTRUSDC	+0.0756%	4h	$63K	$4.7M	10x	as long as short