MSTR

Alert

Funding spread now, next payment 20:00 UTC−0.0312%/8h

paid, last 24h−0.069%paid, last 3 days−0.083%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.083% in total (about -11.3% 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	Binance MSTRUSDT	166.18	0.0312	pay 0.0312% / 8h	7h 41m	$89.5M	$555.3M	50x
Short	Phemex MSTRUSDT	166.27	0	get 0.0000% / 4h	3h 41m	$2.8M	$39K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee PhemexbpOrdersRate

Funding earned: −$65.57
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$87.57
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; Phemex: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.056%
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 Binance live order book, 4 min ago	0.30 bp	5.7 bp −$6	8.0 bp −$80	23.2 bp −$2,321	63.8 bp −$31.9K
Sell Phemex live order book, 4 min ago	1.21 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	$4.8M	$18.7M	50x	as long as short
Phemex MSTRUSDTshort	0.0000%	4h	$2.8M	$39K	10x
Extended MSTR_24_5-USD	+0.0032%	1h	$499K	$2.2M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.3M	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	$410K	$2.3M	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	$884K	$4.4M	10x	as long as short
Lighter MSTR	+0.0056%	1h	$3.6M	$2.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$153K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$129K	$1.8M	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
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0113%	8h	$66	—	5x	as long as short
edgeX MSTRUSDC	+0.0144%	4h	$44K	$4.9M	10x	as long as short
Nado MSTR-PERP	+0.0154%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0176%	1h	$56.7M	$31.4M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$53K	$380K	10x	as long as short
Variational Omni MSTR	+0.0251%	8h	$1.2M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0273%	8h	$22.3M	$100.9M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$292K	$477K	10x	as long as short
Aster MSTRUSDT	+0.0304%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDTlong	+0.0312%	8h	$89.5M	$555.3M	50x
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0324%	8h	$29.0M	$111.0M	25x	as long as short
BloFin MSTR-USDT	+0.0432%	8h	$1.1M	$1.4M	20x	as long as short
Bybit MSTRUSDT	+0.0470%	8h	$15.4M	$42.0M	50x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0893%	1h	$283K	$454K	10x	as long as short