MSTR

Alert

Funding spread now, next payment 13:00 UTC+0.0277%/8h

paid, last 24h−0.004%paid, last 7 days−0.152%to open and close $10k−$40

Long on Coinbase International Short on OKX

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% 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	Coinbase International MSTR-PERP-INTX	164.64	0.0176	pay 0.0022% / 1h	29m 29s	$1.5M	$1.1M	10x
Short	OKX MSTR-USDT-SWAP	165.79	0.0453	get 0.0453% / 8h	2h 29m	$21.5M	$76.2M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee OKXbpOrdersRate

Funding earned: $58.26
Slippage, 4 orders: −$20.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $18.13
Break-even: 4.8 days

Slippage from Coinbase International: live order book, 1 min ago; OKX: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.698%
Avg gap 7d: +0.073%

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 Coinbase International live order book, 1 min ago	6.37 bp	11.4 bp −$11	18.7 bp −$187	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.52 bp	8.9 bp −$9	14.3 bp −$143	43.9 bp −$4,386	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	$5.0M	$16.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$26K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$494K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$951K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$413K	$1.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$924K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.3M	$8.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$176K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$131K	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$4K	$10K	10x	as long as short
Lighter MSTR	+0.0104%	1h	$3.5M	$2.5M	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
KuCoin MSTRUSDTM	+0.0138%	8h	$2.5M	$1.4M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0147%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0176%	1h	$1.5M	$1.1M	10x
Bybit MSTRUSDT	+0.0210%	8h	$16.0M	$34.0M	50x	as long as short
Nado MSTR-PERP	+0.0239%	1h	$154K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$55K	$230K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0358%	1h	$279K	$493K	10x	as long as short
Variational Omni MSTR	+0.0414%	8h	$1.4M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0415%	1h	$58.6M	$21.6M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$13K	$130K	30x	as long as short
OKX MSTR-USDT-SWAPshort	+0.0453%	8h	$21.5M	$76.2M	50x
Bitget MSTRUSDT	+0.0492%	8h	$31.9M	$87.3M	25x	as long as short
Binance MSTRUSDT	+0.0509%	8h	$86.3M	$368.6M	50x	as long as short
Aster MSTRUSDT	+0.0546%	8h	$1.9M	$3.5M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$109K	10x	as long as short
edgeX MSTRUSDC	+0.0574%	4h	$32K	$3.1M	10x	as long as short
BloFin MSTR-USDT	+0.0661%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$256K	$321K	10x	as long as short