MSTR

Alert

Funding spread now, next payment 18:00 UTC−0.0516%/8h

paid, last 24h+0.127%paid, last 7 days+0.275%to open and close $10k−$46

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.275% in total (about 14.4% 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	edgeX MSTRUSDC	167.16	0.0616	pay 0.0308% / 4h	2h 59m	$49K	$5.0M	10x
Short	Pacifica MSTR	167.07	0.0100	get 0.0013% / 1h	59m 25s	$102K	$152K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee PacificabpOrdersRate

Funding earned: −$108.45
Slippage, 4 orders: −$29.21
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$154.66
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Pacifica: live order book, 45 min ago.

Price risk

price view

Price gap now: −0.055%
Avg gap 7d: −0.074%

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 edgeX live order book, 1 min ago	5.69 bp	10.7 bp −$11	17.6 bp −$176	doesn't fit	doesn't fit
Sell Pacifica live order book, 45 min ago	1.92 bp	18.5 bp −$18	doesn't fit	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
Nado MSTR-PERP	−0.0094%	1h	$126K	$247K	3x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.9M	$18.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$41K	10x	as long as short
RISEx MSTR/USDC	+0.0017%	1h	$296K	$467K	10x	as long as short
Lighter MSTR	+0.0032%	1h	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$495K	$2.1M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.4M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	$826K	$4.6M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0065%	1h	$57.1M	$32.0M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0083%	8h	$67	—	5x	as long as short
Pacifica MSTRshort	+0.0100%	1h	$102K	$152K	10x
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$130K	$1.6M	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	$139	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.1M	10x	as long as short
Variational Omni MSTR	+0.0207%	8h	$1.3M	$2.3M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0216%	8h	$22.6M	$101.6M	50x	as long as short
Phoenix MSTR	+0.0226%	1h	$56K	$379K	10x	as long as short
Binance MSTRUSDT	+0.0253%	8h	$91.4M	$566.5M	50x	as long as short
Aster MSTRUSDT	+0.0254%	8h	$1.3M	$6.0M	50x	as long as short
Bybit MSTRUSDT	+0.0269%	8h	$15.5M	$41.5M	50x	as long as short
Bitget MSTRUSDT	+0.0280%	8h	$28.7M	$111.6M	25x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
BloFin MSTR-USDT	+0.0379%	8h	$1.1M	$1.5M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0409%	1h	$284K	$455K	10x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$130K	10x	as long as short
edgeX MSTRUSDClong	+0.0616%	4h	$49K	$5.0M	10x