MSTR

Alert

Funding spread now, next payment 15:00 UTC−0.0281%/8h

paid, last 24h+0.039%paid, last 7 days+0.049%to open and close $10k−$36

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.6% 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	BloFin MSTR-USDT	166.81	0.0497	pay 0.0497% / 8h	34m 53s	$1.1M	$1.4M	20x
Short	Phoenix MSTR	166.36	0.0216	get 0.0027% / 1h	34m 53s	$56K	$364K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee PhoenixbpOrdersRate

Funding earned: −$58.94
Slippage, 4 orders: −$16.64
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$94.58
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Phoenix: live order book, 13 min ago.

Price risk

price view

Price gap now: −0.268%
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	0.30 bp	7.9 bp −$8	11.3 bp −$113	25.2 bp −$2,516	50.1 bp −$25.1K
Sell Phoenix live order book, 13 min ago	4.52 bp	11.6 bp −$12	21.9 bp −$219	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	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$36K	10x	as long as short
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	$912K	$4.6M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$9.2M	10x	as long as short
Nado MSTR-PERP	+0.0060%	1h	$128K	$260K	3x	as long as short
Polymarket Perps MSTR-USD	+0.0065%	1h	$408K	$2.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$164K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MSTRUSDT	+0.0100%	1h	$132K	$2.0M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$13K	10x	as long as short
Extended MSTR_24_5-USD	+0.0104%	1h	$508K	$2.2M	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	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0131%	8h	$67	—	5x	as long as short
Lighter MSTR	+0.0168%	1h	$3.6M	$2.9M	10x	as long as short
KuCoin MSTRUSDTM	+0.0168%	8h	$2.6M	$2.6M	20x	as long as short
Phoenix MSTRshort	+0.0216%	1h	$56K	$364K	10x
tradeXYZ xyz:MSTR	+0.0236%	1h	$57.1M	$31.5M	10x	as long as short
Bybit MSTRUSDT	+0.0245%	8h	$15.6M	$43.4M	50x	as long as short
Variational Omni MSTR	+0.0312%	8h	$1.3M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0319%	8h	$22.2M	$100.7M	50x	as long as short
Bitget MSTRUSDT	+0.0373%	8h	$29.1M	$110.2M	25x	as long as short
Binance MSTRUSDT	+0.0377%	8h	$89.2M	$532.4M	50x	as long as short
Aster MSTRUSDT	+0.0389%	8h	$1.3M	$5.9M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0470%	1h	$284K	$456K	10x	as long as short
RISEx MSTR/USDC	+0.0486%	1h	$305K	$460K	10x	as long as short
BloFin MSTR-USDTlong	+0.0497%	8h	$1.1M	$1.4M	20x
Arcus MSTR-USD	+0.0705%	1h	$26K	$126K	10x	as long as short
edgeX MSTRUSDC	+0.0895%	4h	$62K	$4.6M	10x	as long as short