MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0353%/8h

paid, last 24h+0.110%paid, last 3 days+0.168%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MSTRUSDT	166.29	0.0403	pay 0.0403% / 8h	7h 37m	$15.4M	$41.7M	50x
Short	SoDEX MSTR-USD	166.23	0.0050	get 0.0006% / 1h	37m 08s	$44K	$3K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee SoDEXbpOrdersRate

Funding earned: −$74.2
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$93.2
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.036%
Avg gap 7d: —

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, 3 min ago	1.20 bp	8.4 bp −$8	13.8 bp −$138	72.5 bp −$7,249	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	$18.8M	50x	as long as short
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-USDshort	+0.0050%	1h	$44K	$3K	10x
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	$152K	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	$1.8M	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
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	+0.0136%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0161%	1h	$56.7M	$31.2M	10x	as long as short
edgeX MSTRUSDC	+0.0205%	4h	$45K	$4.9M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$56K	$380K	10x	as long as short
Variational Omni MSTR	+0.0254%	8h	$1.2M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0265%	8h	$22.3M	$100.9M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$293K	$478K	10x	as long as short
Aster MSTRUSDT	+0.0297%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0303%	8h	$89.7M	$555.4M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0323%	8h	$29.0M	$110.8M	25x	as long as short
Bybit MSTRUSDTlong	+0.0403%	8h	$15.4M	$41.7M	50x
BloFin MSTR-USDT	+0.0423%	8h	$1.1M	$1.4M	20x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0773%	1h	$283K	$454K	10x	as long as short