MSTR

Alert

Funding spread now, next payment 16:00 UTC+0.0650%/8h

paid, last 24h−0.106%paid, last 7 days−0.252%to open and close $10k−$40

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.1% 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	Bybit MSTRUSDT	166.88	0.0245	pay 0.0245% / 8h	34m 55s	$15.6M	$43.4M	50x
Short	edgeX MSTRUSDC	166.69	0.0895	get 0.0448% / 4h	34m 55s	$62K	$4.6M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee edgeXbpOrdersRate

Funding earned: $136.6
Slippage, 4 orders: −$19.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $97.08
Break-even: 2.0 days

Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.111%
Avg gap 7d: −0.010%

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 Bybit live order book, 5 min ago	1.20 bp	9.5 bp −$9	16.1 bp −$161	79.8 bp −$7,975	doesn't fit
Sell edgeX live order book, 1 min ago	5.69 bp	10.7 bp −$11	17.6 bp −$176	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 MSTR	+0.0216%	1h	$56K	$364K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0238%	1h	$57.1M	$31.5M	10x	as long as short
Bybit MSTRUSDTlong	+0.0245%	8h	$15.6M	$43.4M	50x
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	$89.3M	$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-USDT	+0.0497%	8h	$1.1M	$1.4M	20x	as long as short
Arcus MSTR-USD	+0.0705%	1h	$26K	$126K	10x	as long as short
edgeX MSTRUSDCshort	+0.0895%	4h	$62K	$4.6M	10x