MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0277%/8h

paid, last 24h+0.152%paid, last 7 days+0.172%to open and close $10k−$32

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment. 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	Aster MSTRUSDT	166.60	0.0309	pay 0.0309% / 8h	7h 55m	$1.3M	$6.0M	50x
Short	Extended MSTR_24_5-USD	166.28	0.0032	get 0.0004% / 1h	55m 22s	$499K	$2.2M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee ExtendedbpOrdersRate

Funding earned: −$58.09
Slippage, 4 orders: −$19.46
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$90.55
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Extended: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.186%
Avg gap 7d: −0.082%

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	1.80 bp	12.7 bp −$13	34.6 bp −$346	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.20 bp	7.1 bp −$7	32.1 bp −$321	doesn't fit	doesn't fit

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	$4.8M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$38K	10x	as long as short
Extended MSTR_24_5-USDshort	+0.0032%	1h	$499K	$2.2M	10x
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.2M	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	$885K	$4.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$153K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.6M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MSTRUSDT	+0.0100%	1h	$130K	$1.9M	50x	as long as short
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
Paradex MSTR-USD-PERP	+0.0107%	8h	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Nado MSTR-PERP	+0.0158%	1h	$128K	$256K	3x	as long as short
edgeX MSTRUSDC	+0.0207%	4h	$44K	$4.9M	10x	as long as short
Lighter MSTR	+0.0216%	1h	$3.6M	$2.7M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0218%	1h	$56.8M	$31.7M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$54K	$380K	10x	as long as short
Variational Omni MSTR	+0.0246%	8h	$1.3M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0268%	8h	$22.4M	$101.5M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$293K	$477K	10x	as long as short
Aster MSTRUSDTlong	+0.0309%	8h	$1.3M	$6.0M	50x
Binance MSTRUSDT	+0.0311%	8h	$89.9M	$554.1M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0321%	8h	$29.0M	$111.2M	25x	as long as short
Bybit MSTRUSDT	+0.0395%	8h	$15.6M	$43.3M	50x	as long as short
BloFin MSTR-USDT	+0.0430%	8h	$1.1M	$1.4M	20x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0892%	1h	$283K	$453K	10x	as long as short