MSTR

Alert

Funding spread now, next payment 00:00 UTC−0.0429%/8h

next payment, per $10,000−$4.29paid, last 24h+0.002%paid, last 7 days−0.033%to open and close $10k−$43

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.29 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	BloFin MSTR-USDT	165.86	0.0429	pay 0.0429% / 8h	7h 44m	$1.1M	$1.4M	20x
Short	Gate MSTR_USDT	165.78	0	get 0.0000% / 8h	7h 44m	$4.8M	$18.7M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersRate

Funding earned: −$90.16
Slippage, 4 orders: −$16.49
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$133.64
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Gate: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.048%
Avg gap 7d: −0.013%

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 BloFin live order book, 4 min ago	1.20 bp	7.6 bp −$8	8.3 bp −$83	13.7 bp −$1,374	27.7 bp −$13.9K
Sell Gate live order book, 5 min ago	2.10 bp	15.9 bp −$16	27.8 bp −$278	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_USDTshort	0.0000%	8h	$4.8M	$18.7M	50x
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$39K	10x	as long as short
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	$409K	$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	$889K	$4.5M	10x	as long as short
Lighter MSTR	+0.0064%	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	$130K	$1.9M	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
Paradex MSTR-USD-PERP	+0.0109%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Nado MSTR-PERP	+0.0151%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0169%	1h	$56.7M	$31.3M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$54K	$380K	10x	as long as short
Variational Omni MSTR	+0.0251%	8h	$1.2M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0269%	8h	$22.2M	$100.8M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$291K	$477K	10x	as long as short
Aster MSTRUSDT	+0.0304%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0309%	8h	$89.3M	$555.4M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0320%	8h	$28.9M	$111.0M	25x	as long as short
Bybit MSTRUSDT	+0.0394%	8h	$15.4M	$42.8M	50x	as long as short
BloFin MSTR-USDTlong	+0.0429%	8h	$1.1M	$1.4M	20x
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0837%	1h	$282K	$454K	10x	as long as short
edgeX MSTRUSDC	+0.0961%	4h	$44K	$4.9M	10x	as long as short