MSTR

Alert

Funding spread now, next payment 14:00 UTC+0.0520%/8h

paid, last 24h−0.151%paid, last 7 days−0.172%to open and close $10k−$27

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% 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	Extended MSTR_24_5-USD	165.34	0.0032	pay 0.0004% / 1h	33m 21s	$496K	$2.1M	10x
Short	Aster MSTRUSDT	165.34	0.0552	get 0.0552% / 8h	2h 33m	$1.9M	$3.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee AsterbpOrdersRate

Funding earned: $109.2
Slippage, 4 orders: −$13.61
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $82.59
Break-even: 1.7 days

Slippage from Extended: live order book, 2 min ago; Aster: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.002%
Avg gap 7d: +0.080%

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 Extended live order book, 2 min ago	3.33 bp	6.8 bp −$7	25.7 bp −$257	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.91 bp	6.7 bp −$7	28.7 bp −$287	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_USDT	0.0000%	8h	$5.0M	$16.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$26K	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	$496K	$2.1M	10x
Vest MSTR-USD-PERP	+0.0046%	1h	—	$943K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$410K	$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	$927K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.3M	$8.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$177K	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	+0.0145%	8h	$2.5M	$1.4M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0149%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.1M	10x	as long as short
Bybit MSTRUSDT	+0.0211%	8h	$15.8M	$33.1M	50x	as long as short
Nado MSTR-PERP	+0.0255%	1h	$153K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$53K	$230K	10x	as long as short
Variational Omni MSTR	+0.0412%	8h	$1.4M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0433%	1h	$58.6M	$21.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$13K	$130K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0451%	8h	$21.6M	$74.2M	50x	as long as short
edgeX MSTRUSDC	+0.0486%	4h	$32K	$3.0M	10x	as long as short
Bitget MSTRUSDT	+0.0498%	8h	$32.2M	$85.8M	25x	as long as short
Binance MSTRUSDT	+0.0513%	8h	$86.2M	$361.9M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$99K	10x	as long as short
Aster MSTRUSDTshort	+0.0552%	8h	$1.9M	$3.5M	50x
BloFin MSTR-USDT	+0.0672%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$184K	$257K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0902%	1h	$280K	$493K	10x	as long as short