MSTR

Alert

Funding spread now, next payment 18:00 UTC−0.0219%/8h

paid, last 24h+0.027%paid, last 7 days+0.082%to open and close $10k−$25

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% 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	166.89	0.0251	pay 0.0251% / 8h	6h 57m	$1.3M	$6.0M	50x
Short	Lighter MSTR	166.85	0.0032	get 0.0004% / 1h	57m 33s	$3.6M	$2.6M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee LighterbpOrdersRate

Funding earned: −$45.99
Slippage, 4 orders: −$17.05
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$71.04
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Lighter: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.024%
Avg gap 7d: −0.067%

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, 3 min ago	1.79 bp	11.2 bp −$11	37.9 bp −$379	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	1.19 bp	4.5 bp −$5	8.3 bp −$83	33.6 bp −$3,364	doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado MSTR-PERP	−0.0037%	1h	$125K	$247K	3x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.2M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$41K	10x	as long as short
RISEx MSTR/USDC	+0.0017%	1h	$295K	$467K	10x	as long as short
Lighter MSTRshort	+0.0032%	1h	$3.6M	$2.6M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	$495K	$2.1M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.4M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	$826K	$4.6M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0082%	8h	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$152K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$130K	$1.6M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$12K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0103%	1h	$57.0M	$32.0M	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$139	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.1M	10x	as long as short
Variational Omni MSTR	+0.0207%	8h	$1.3M	$2.3M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0214%	8h	$22.5M	$101.7M	50x	as long as short
Phoenix MSTR	+0.0215%	1h	$55K	$379K	10x	as long as short
Injective MSTR/USDC PERP	+0.0249%	1h	$12K	$68K	30x	as long as short
Binance MSTRUSDT	+0.0249%	8h	$91.0M	$567.0M	50x	as long as short
Aster MSTRUSDTlong	+0.0251%	8h	$1.3M	$6.0M	50x
Bybit MSTRUSDT	+0.0262%	8h	$15.5M	$41.5M	50x	as long as short
Bitget MSTRUSDT	+0.0276%	8h	$28.7M	$111.7M	25x	as long as short
BloFin MSTR-USDT	+0.0373%	8h	$1.1M	$1.5M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0529%	1h	$284K	$455K	10x	as long as short
Arcus MSTR-USD	+0.0599%	1h	$26K	$130K	10x	as long as short
edgeX MSTRUSDC	+0.0616%	4h	$49K	$5.0M	10x	as long as short