MSTR

Alert

Funding spread now, next payment 19:00 UTC−0.0430%/8h

next payment, per $10,000−$0.54paid, last 24h−0.146%paid, last 4 days−0.531%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MSTR_USDC-PERPETUAL	166.02	0.0534	pay 0.0067% / 1h	8m 50s	$282K	$439K	10x
Short	Aevo MSTR-PERP	166.05	0.0104	get 0.0013% / 1h	8m 50s	$138	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee AevobpOrdersRate

Funding earned: −$90.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$113.23
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 26 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.017%
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 Deribit live order book, 26 min ago	6.02 bp	10.1 bp −$10	13.3 bp −$133	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
RISEx MSTR/USDC	0.0000%	1h	$286K	$469K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$47K	10x	as long as short
Nado MSTR-PERP	+0.0023%	1h	$124K	$227K	3x	as long as short
Lighter MSTR	+0.0032%	1h	$3.5M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$577K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.9M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.4M	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	$777K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0065%	1h	$1.4M	$9.8M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0077%	8h	$66	—	5x	as long as short
Variational Omni MSTR	+0.0080%	8h	$1.2M	$2.4M	—	as long as short
tradeXYZ xyz:MSTR	+0.0092%	1h	$56.4M	$34.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$152K	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
Aevo MSTR-PERPshort	+0.0104%	1h	$138	—	10x
Coinbase International MSTR-PERP-INTX	+0.0104%	1h	$1.4M	$1.1M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0109%	8h	$22.1M	$102.4M	50x	as long as short
Aster MSTRUSDT	+0.0127%	8h	$1.3M	$6.1M	50x	as long as short
Binance MSTRUSDT	+0.0142%	8h	$87.3M	$600.0M	50x	as long as short
Injective MSTR/USDC PERP	+0.0188%	1h	$12K	$48K	30x	as long as short
Bitget MSTRUSDT	+0.0220%	8h	$28.5M	$113.3M	25x	as long as short
Phoenix MSTR	+0.0237%	1h	$55K	$384K	10x	as long as short
BloFin MSTR-USDT	+0.0262%	8h	$1.1M	$1.6M	20x	as long as short
Bybit MSTRUSDT	+0.0285%	8h	$15.4M	$40.3M	50x	as long as short
edgeX MSTRUSDC	+0.0325%	4h	$45K	$5.2M	10x	as long as short
Deribit MSTR_USDC-PERPETUALlong	+0.0534%	1h	$282K	$439K	10x
Arcus MSTR-USD	+0.0553%	1h	$27K	$122K	10x	as long as short