MSTR

Alert

Funding spread now, next payment 14:00 UTC−0.0007%/8h

paid, last 24h−0.026%paid, last 3 days−0.068%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MSTRUSDT	165.14	0.0556	pay 0.0556% / 8h	2h 35m	$1.9M	$3.5M	50x
Short	Arcus MSTR-USD	165.31	0.0549	get 0.0069% / 1h	35m 00s	$30K	$95K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee ArcusbpOrdersRate

Funding earned: −$1.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$13.91
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.101%
Avg gap 7d: +0.016%

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 Aster live order book, 5 min ago	0.91 bp	5.6 bp −$6	34.6 bp −$346	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

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	$4.9M	$16.7M	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	$495K	$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	$399K	$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	$927K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.3M	$8.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$177K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$131K	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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
Lighter MSTR	+0.0112%	1h	$3.5M	$2.5M	10x	as long as short
KuCoin MSTRUSDTM	+0.0148%	8h	$2.5M	$1.3M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0150%	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	+0.0214%	8h	$15.8M	$32.9M	50x	as long as short
Nado MSTR-PERP	+0.0255%	1h	$154K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$53K	$230K	10x	as long as short
Variational Omni MSTR	+0.0412%	8h	$1.4M	$1.8M	—	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$13K	$130K	30x	as long as short
tradeXYZ xyz:MSTR	+0.0440%	1h	$58.5M	$21.1M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0455%	8h	$21.5M	$73.4M	50x	as long as short
Bitget MSTRUSDT	+0.0498%	8h	$31.9M	$85.2M	25x	as long as short
Binance MSTRUSDT	+0.0517%	8h	$86.0M	$360.3M	50x	as long as short
Arcus MSTR-USDshort	+0.0549%	1h	$30K	$95K	10x
Aster MSTRUSDTlong	+0.0556%	8h	$1.9M	$3.5M	50x
BloFin MSTR-USDT	+0.0672%	8h	$1.1M	$1.2M	20x	as long as short
edgeX MSTRUSDC	+0.0706%	4h	$33K	$3.0M	10x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$183K	$256K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0902%	1h	$280K	$480K	10x	as long as short