MSTR

Alert

Funding spread now, next payment 15:00 UTC−0.0887%/8h

next payment, per $10,000−$1.11paid, last 24h+0.006%paid, last 3 days+0.004%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 0.004% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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	Arcus MSTR-USD	166.20	0.0991	pay 0.0124% / 1h	32m 57s	$26K	$123K	10x
Short	Aevo MSTR-PERP	165.99	0.0104	get 0.0013% / 1h	32m 57s	$138	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee AevobpOrdersRate

Funding earned: −$186.28
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$206.78
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 57 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.128%
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 Arcus live order book, 57 min ago	3.64 bp	14.7 bp −$15	42.3 bp −$423	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
Injective MSTR/USDC PERP	−0.0440%	1h	$12K	$123K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	$5.0M	$18.5M	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	$2.2M	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	$840K	$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	+0.0067%	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	$102K	$176K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$132K	$2.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$14K	10x	as long as short
Aevo MSTR-PERPshort	+0.0104%	1h	$138	—	10x
Paradex MSTR-USD-PERP	+0.0116%	8h	$66	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0128%	8h	$3.2M	$2.1M	20x	as long as short
Lighter MSTR	+0.0152%	1h	$3.5M	$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	+0.0173%	1h	$56.6M	$29.7M	10x	as long as short
Bybit MSTRUSDT	+0.0203%	8h	$15.8M	$41.4M	50x	as long as short
Phoenix MSTR	+0.0320%	1h	$53K	$334K	10x	as long as short
Variational Omni MSTR	+0.0350%	8h	$1.3M	$2.1M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0366%	8h	$21.9M	$96.3M	50x	as long as short
Bitget MSTRUSDT	+0.0408%	8h	$28.7M	$105.7M	25x	as long as short
Binance MSTRUSDT	+0.0419%	8h	$85.8M	$475.2M	50x	as long as short
Aster MSTRUSDT	+0.0451%	8h	$1.6M	$4.9M	50x	as long as short
edgeX MSTRUSDC	+0.0481%	4h	$61K	$4.1M	10x	as long as short
BloFin MSTR-USDT	+0.0545%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$193K	$391K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0654%	1h	$282K	$450K	10x	as long as short
Arcus MSTR-USDlong	+0.0991%	1h	$26K	$123K	10x