MSTR

Alert

Funding spread now, next payment 14:00 UTC−0.0110%/8h

next payment, per $10,000−$0.14paid, last 24h+0.126%paid, last 7 days−0.144%to open and closeno order book

Long on Coinbase International Short on Ondo Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	164.86	0.0160	pay 0.0020% / 1h	37m 23s	$1.5M	$1.2M	10x
Short	Ondo Perps MSTR-USD.P	165.24	0.0050	get 0.0006% / 1h	37m 23s	$838K	$4.3M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Ondo PerpsbpOrdersRate

Funding earned: −$23.02
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$38.02
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.230%
Avg gap 7d: −0.046%

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, 3 min ago	7.27 bp	12.3 bp −$12	16.8 bp −$168	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Injective MSTR/USDC PERP	−0.0440%	1h	$12K	$103K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	$5.0M	$18.4M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$30K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$489K	$2.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.3M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$418K	$1.7M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	$838K	$4.3M	10x
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$8.9M	10x	as long as short
Nado MSTR-PERP	+0.0059%	1h	$154K	$249K	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$101K	$176K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$131K	$2.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$14K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0116%	8h	$66	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0120%	8h	$3.2M	$2.1M	20x	as long as short
Lighter MSTR	+0.0144%	1h	$3.5M	$2.9M	10x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0160%	1h	$1.5M	$1.2M	10x
tradeXYZ xyz:MSTR	+0.0161%	1h	$56.2M	$29.5M	10x	as long as short
Bybit MSTRUSDT	+0.0202%	8h	$15.8M	$41.3M	50x	as long as short
edgeX MSTRUSDC	+0.0267%	4h	$62K	$4.1M	10x	as long as short
Phoenix MSTR	+0.0320%	1h	$54K	$334K	10x	as long as short
Variational Omni MSTR	+0.0364%	8h	$1.3M	$2.1M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0373%	8h	$21.7M	$95.3M	50x	as long as short
Bitget MSTRUSDT	+0.0414%	8h	$28.7M	$105.2M	25x	as long as short
Binance MSTRUSDT	+0.0424%	8h	$85.8M	$472.2M	50x	as long as short
Aster MSTRUSDT	+0.0456%	8h	$1.7M	$4.9M	50x	as long as short
BloFin MSTR-USDT	+0.0558%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$192K	$391K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0596%	1h	$281K	$450K	10x	as long as short
Arcus MSTR-USD	+0.0991%	1h	$26K	$123K	10x	as long as short