MSTR

Alert

Funding spread now, next payment 16:00 UTC−0.0368%/8h

next payment, per $10,000−$3.68paid, last 24h−0.042%paid, last 3 days+0.090%to open and close $10k−$57

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.090% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.68 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	Binance MSTRUSDT	166.97	0.0511	pay 0.0511% / 8h	2h 28m	$87.7M	$376.5M	50x
Short	KuCoin MSTRUSDTM	165.40	0.0143	get 0.0143% / 8h	2h 28m	$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 BinancebpFee KuCoinbpOrdersRate

Funding earned: −$77.22
Slippage, 4 orders: −$34.82
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$134.04
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.941%
Avg gap 7d: −0.022%

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 Binance live order book, 2 min ago	0.30 bp	6.7 bp −$7	11.1 bp −$111	36.4 bp −$3,638	doesn't fit
Sell KuCoin live order book, 5 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	$17.0M	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	$493K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$955K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$414K	$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	$1.4M	$8.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$176K	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	$2.6M	10x	as long as short
KuCoin MSTRUSDTMshort	+0.0143%	8h	$2.5M	$1.4M	20x
Paradex MSTR-USD-PERP	+0.0150%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0210%	8h	$16.0M	$34.7M	50x	as long as short
Nado MSTR-PERP	+0.0243%	1h	$154K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$55K	$230K	10x	as long as short
Variational Omni MSTR	+0.0414%	8h	$1.4M	$1.8M	—	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0415%	1h	$281K	$518K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0416%	1h	$59.3M	$22.0M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$12K	$130K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0449%	8h	$21.4M	$78.8M	50x	as long as short
Bitget MSTRUSDT	+0.0496%	8h	$32.3M	$88.9M	25x	as long as short
Binance MSTRUSDTlong	+0.0511%	8h	$87.7M	$376.5M	50x
Arcus MSTR-USD	+0.0549%	1h	$30K	$109K	10x	as long as short
Aster MSTRUSDT	+0.0553%	8h	$1.9M	$3.6M	50x	as long as short
edgeX MSTRUSDC	+0.0574%	4h	$32K	$3.1M	10x	as long as short
BloFin MSTR-USDT	+0.0662%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$237K	$337K	10x	as long as short