MSTR

Alert

Funding spread now, next payment 16:00 UTC−0.0391%/8h

paid, last 24h−0.061%paid, last 7 days−0.129%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% 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	0.0391	pay 0.0391% / 8h	38m 42s	$1.3M	$5.9M	50x
Short	Phemex MSTRUSDT	166.47	0	get 0.0000% / 4h	38m 42s	$2.8M	$36K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PhemexbpOrdersRate

Funding earned: −$82.14
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$102.14
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Phemex: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.078%
Avg gap 7d: +0.037%

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, 1 min ago	0.90 bp	7.4 bp −$7	20.2 bp −$202	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	19.84 bp	doesn't fit	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	$4.9M	$18.6M	50x	as long as short
Phemex MSTRUSDTshort	0.0000%	4h	$2.8M	$36K	10x
Injective MSTR/USDC PERP	+0.0033%	1h	$12K	$97K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.6M	25x	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	$913K	$4.5M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$9.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0071%	1h	$407K	$2.1M	10x	as long as short
Nado MSTR-PERP	+0.0076%	1h	$128K	$260K	3x	as long as short
Extended MSTR_24_5-USD	+0.0096%	1h	$508K	$2.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$102K	$164K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$133K	$2.1M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0133%	8h	$67	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0173%	8h	$2.6M	$2.6M	20x	as long as short
Lighter MSTR	+0.0176%	1h	$3.6M	$2.9M	10x	as long as short
Phoenix MSTR	+0.0216%	1h	$56K	$364K	10x	as long as short
Bybit MSTRUSDT	+0.0244%	8h	$15.6M	$43.3M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0253%	1h	$57.0M	$31.5M	10x	as long as short
Variational Omni MSTR	+0.0315%	8h	$1.3M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0321%	8h	$22.2M	$100.4M	50x	as long as short
Bitget MSTRUSDT	+0.0375%	8h	$29.2M	$110.0M	25x	as long as short
Binance MSTRUSDT	+0.0379%	8h	$89.2M	$530.9M	50x	as long as short
Aster MSTRUSDTlong	+0.0391%	8h	$1.3M	$5.9M	50x
RISEx MSTR/USDC	+0.0486%	1h	$305K	$460K	10x	as long as short
BloFin MSTR-USDT	+0.0500%	8h	$1.1M	$1.4M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0652%	1h	$283K	$456K	10x	as long as short
Arcus MSTR-USD	+0.0705%	1h	$26K	$125K	10x	as long as short
edgeX MSTRUSDC	+0.0953%	4h	$62K	$4.6M	10x	as long as short