MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0833%/8h

paid, last 24h−0.105%paid, last 4 days−0.154%to open and close $10k−$48

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.154% in total (about -13.0% 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	Deribit MSTR_USDC-PERPETUAL	166.42	0.0833	pay 0.0104% / 1h	49m 27s	$283K	$453K	10x
Short	Gate MSTR_USDT	166.48	0	get 0.0000% / 8h	7h 49m	$4.8M	$18.6M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee GatebpOrdersRate

Funding earned: −$174.88
Slippage, 4 orders: −$26.49
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$223.37
Break-even: never at this rate

Slippage from Deribit: live order book, 61 min ago; Gate: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.036%
Avg gap 7d: −0.035%

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, 61 min ago	5.36 bp	8.9 bp −$9	11.6 bp −$116	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.10 bp	15.9 bp −$16	27.8 bp −$278	doesn't fit	doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MSTR_USDTshort	0.0000%	8h	$4.8M	$18.6M	50x
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$38K	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	$9.2M	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	$411K	$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	$894K	$4.5M	10x	as long as short
Lighter MSTR	+0.0096%	1h	$3.6M	$2.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$153K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$130K	$1.9M	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	$67	—	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	+0.0147%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0189%	1h	$56.9M	$31.3M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$54K	$380K	10x	as long as short
Variational Omni MSTR	+0.0241%	8h	$1.3M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0270%	8h	$22.3M	$101.4M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$293K	$477K	10x	as long as short
Aster MSTRUSDT	+0.0304%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0310%	8h	$90.0M	$555.6M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0320%	8h	$29.0M	$111.0M	25x	as long as short
Bybit MSTRUSDT	+0.0381%	8h	$15.5M	$43.4M	50x	as long as short
BloFin MSTR-USDT	+0.0430%	8h	$1.1M	$1.4M	20x	as long as short
edgeX MSTRUSDC	+0.0545%	4h	$45K	$4.9M	10x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUALlong	+0.0833%	1h	$283K	$453K	10x