MSTR

Alert

Funding spread now, next payment 16:00 UTC−0.0407%/8h

next payment, per $10,000−$4.07paid, last 24h−0.017%paid, last 7 days+0.013%to open and close $10k−$55

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.07 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	Aster MSTRUSDT	164.72	0.0547	pay 0.0547% / 8h	2h 30m	$1.9M	$3.5M	50x
Short	KuCoin MSTRUSDTM	164.69	0.0140	get 0.0140% / 8h	2h 30m	$2.5M	$1.4M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee KuCoinbpOrdersRate

Funding earned: −$85.56
Slippage, 4 orders: −$35.04
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$140.6
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; KuCoin: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.017%
Avg gap 7d: −0.025%

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	5.9 bp −$6	19.6 bp −$196	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.12 bp	19.1 bp −$19	doesn't fit	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	$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	—	$951K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$410K	$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 MSTRUSDTMshort	+0.0140%	8h	$2.5M	$1.4M	20x
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	+0.0210%	8h	$15.8M	$33.5M	50x	as long as short
Nado MSTR-PERP	+0.0246%	1h	$153K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$55K	$230K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0358%	1h	$279K	$493K	10x	as long as short
Variational Omni MSTR	+0.0414%	8h	$1.4M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0417%	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-SWAP	+0.0448%	8h	$21.5M	$74.8M	50x	as long as short
Bitget MSTRUSDT	+0.0493%	8h	$31.8M	$86.6M	25x	as long as short
Binance MSTRUSDT	+0.0510%	8h	$86.0M	$366.8M	50x	as long as short
Aster MSTRUSDTlong	+0.0547%	8h	$1.9M	$3.5M	50x
Arcus MSTR-USD	+0.0549%	1h	$30K	$109K	10x	as long as short
edgeX MSTRUSDC	+0.0574%	4h	$32K	$3.1M	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