MSTR

Alert

Funding spread now, next payment 15:00 UTC−0.0934%/8h

next payment, per $10,000−$1.17paid, last 24h−0.031%paid, last 3 days−0.054%to open and close $10k−$33

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.17 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	166.14	0.0991	pay 0.0124% / 1h	29m 23s	$26K	$123K	10x
Short	QFEX MSTR-USD	166.03	0.0057	get 0.0007% / 1h	29m 23s	$1.3M	$8.9M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee QFEXbpOrdersRate

Funding earned: −$196.1
Slippage, 4 orders: −$18.51
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$229.1
Break-even: never at this rate

Slippage from Arcus: live order book, 61 min ago; QFEX: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.066%
Avg gap 7d: −0.017%

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, 61 min ago	3.64 bp	14.7 bp −$15	42.3 bp −$423	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.21 bp	6.2 bp −$6	8.0 bp −$80	12.6 bp −$1,258	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 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	$498K	$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	$420K	$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-USDshort	+0.0057%	1h	$1.3M	$8.9M	10x
Nado MSTR-PERP	+0.0082%	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-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	+0.0133%	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	+0.0189%	1h	$56.6M	$29.9M	10x	as long as short
Bybit MSTRUSDT	+0.0201%	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	+0.0366%	8h	$21.8M	$96.6M	50x	as long as short
Bitget MSTRUSDT	+0.0404%	8h	$28.7M	$105.9M	25x	as long as short
Binance MSTRUSDT	+0.0417%	8h	$86.1M	$476.6M	50x	as long as short
Aster MSTRUSDT	+0.0448%	8h	$1.6M	$5.0M	50x	as long as short
BloFin MSTR-USDT	+0.0543%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$196K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0698%	4h	$61K	$4.1M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0773%	1h	$283K	$450K	10x	as long as short
Arcus MSTR-USDlong	+0.0991%	1h	$26K	$123K	10x