MSTR

Alert

Funding spread now, next payment 19:00 UTC−0.0270%/8h

paid, last 24h−0.038%paid, last 7 days−0.034%to open and close $10k−$22

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% 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	165.96	0.0302	pay 0.0302% / 8h	5h 48m	$15.4M	$40.4M	50x
Short	Lighter MSTR	165.90	0.0032	get 0.0004% / 1h	48m 43s	$3.5M	$2.6M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee LighterbpOrdersRate

Funding earned: −$56.69
Slippage, 4 orders: −$10.66
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$78.35
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.036%
Avg gap 7d: −0.070%

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, 2 min ago	1.21 bp	9.0 bp −$9	13.3 bp −$133	59.9 bp −$5,993	doesn't fit
Sell Lighter live order book, 5 min ago	0.90 bp	1.5 bp −$1	6.1 bp −$61	39.5 bp −$3,948	doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
RISEx MSTR/USDC	0.0000%	1h	$296K	$469K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$45K	10x	as long as short
Lighter MSTRshort	+0.0032%	1h	$3.5M	$2.6M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	$574K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$400K	$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	$779K	$4.7M	10x	as long as short
QFEX MSTR-USD	+0.0065%	1h	$1.4M	$9.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$101K	$153K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$4K	$1.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$12K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0103%	8h	$66	—	5x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0104%	1h	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0104%	1h	$56.2M	$33.8M	10x	as long as short
Nado MSTR-PERP	+0.0111%	1h	$124K	$240K	3x	as long as short
Variational Omni MSTR	+0.0135%	8h	$1.2M	$2.4M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0147%	8h	$22.0M	$102.0M	50x	as long as short
Aster MSTRUSDT	+0.0172%	8h	$1.3M	$6.1M	50x	as long as short
Binance MSTRUSDT	+0.0182%	8h	$87.6M	$597.7M	50x	as long as short
Injective MSTR/USDC PERP	+0.0188%	1h	$12K	$48K	30x	as long as short
Phoenix MSTR	+0.0237%	1h	$55K	$384K	10x	as long as short
Bitget MSTRUSDT	+0.0240%	8h	$28.5M	$113.0M	25x	as long as short
Bybit MSTRUSDTlong	+0.0302%	8h	$15.4M	$40.4M	50x
BloFin MSTR-USDT	+0.0304%	8h	$1.1M	$1.6M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0353%	1h	$282K	$488K	10x	as long as short
Arcus MSTR-USD	+0.0553%	1h	$27K	$119K	10x	as long as short
edgeX MSTRUSDC	+0.0800%	4h	$44K	$5.2M	10x	as long as short