MSTR

Alert

Funding spread now, next payment 14:00 UTC−0.0099%/8h

paid, last 24h+0.029%paid, last 3 days+0.180%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MSTR-USD	165.14	0.0549	pay 0.0069% / 1h	30m 47s	$30K	$108K	10x
Short	OKX MSTR-USDT-SWAP	164.88	0.0450	get 0.0450% / 8h	2h 30m	$21.5M	$74.7M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee OKXbpOrdersRate

Funding earned: −$20.78
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$35.28
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.157%
Avg gap 7d: +0.001%

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 no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.30 bp	6.2 bp −$6	11.5 bp −$115	33.3 bp −$3,332	doesn't fit

Arcus: 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	$5.0M	$16.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$26K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$492K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$943K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$411K	$1.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$924K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.3M	$8.6M	10x	as long as short
Lighter MSTR	+0.0096%	1h	$3.5M	$2.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$177K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MSTRUSDT	+0.0100%	1h	$131K	$2.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$4K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
KuCoin MSTRUSDTM	+0.0141%	8h	$2.5M	$1.4M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.1M	10x	as long as short
Bybit MSTRUSDT	+0.0212%	8h	$15.7M	$33.4M	50x	as long as short
Nado MSTR-PERP	+0.0249%	1h	$153K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$55K	$230K	10x	as long as short
Variational Omni MSTR	+0.0414%	8h	$1.4M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0420%	1h	$58.4M	$21.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$13K	$130K	30x	as long as short
OKX MSTR-USDT-SWAPshort	+0.0450%	8h	$21.5M	$74.7M	50x
Bitget MSTRUSDT	+0.0494%	8h	$31.9M	$86.5M	25x	as long as short
Binance MSTRUSDT	+0.0509%	8h	$86.0M	$366.2M	50x	as long as short
Aster MSTRUSDT	+0.0548%	8h	$1.9M	$3.5M	50x	as long as short
Arcus MSTR-USDlong	+0.0549%	1h	$30K	$108K	10x
edgeX MSTRUSDC	+0.0574%	4h	$32K	$3.1M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0660%	1h	$280K	$493K	10x	as long as short
BloFin MSTR-USDT	+0.0661%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$183K	$257K	10x	as long as short