MSTR

Alert

Funding spread now, next payment 15:00 UTC+0.0189%/8h

next payment, per $10,000+$0.24paid, last 24h−0.059%paid, last 7 days+0.040%to open and close $10k−$36

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. 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	166.48	0.0032	pay 0.0004% / 1h	22m 02s	$504K	$2.3M	10x
Short	tradeXYZ xyz:MSTR	166.59	0.0221	get 0.0028% / 1h	22m 02s	$56.8M	$30.0M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee tradeXYZbpOrdersRate

Funding earned: $39.6
Slippage, 4 orders: −$12.95
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $3.65
Break-even: 6.4 days

Slippage from Extended: live order book, 3 min ago; tradeXYZ: live order book, 8 min ago.

Price risk

price view

Price gap now: +0.065%
Avg gap 7d: +0.017%

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, 3 min ago	3.01 bp	8.0 bp −$8	34.7 bp −$347	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.90 bp	10.5 bp −$10	12.4 bp −$124	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
Injective MSTR/USDC PERP	−0.0440%	1h	$12K	$123K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	$5.0M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$30K	10x	as long as short
Extended MSTR_24_5-USDlong	+0.0032%	1h	$504K	$2.3M	10x
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.3M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$419K	$1.7M	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	$865K	$4.4M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$8.9M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$176K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MSTRUSDT	+0.0100%	1h	$132K	$2.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$14K	10x	as long as short
Nado MSTR-PERP	+0.0102%	1h	$155K	$245K	3x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0121%	8h	$67	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0154%	8h	$3.2M	$2.1M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0160%	1h	$1.5M	$1.2M	10x	as long as short
Lighter MSTR	+0.0192%	1h	$3.6M	$2.9M	10x	as long as short
Bybit MSTRUSDT	+0.0201%	8h	$15.7M	$41.7M	50x	as long as short
tradeXYZ xyz:MSTRshort	+0.0221%	1h	$56.8M	$30.0M	10x
Phoenix MSTR	+0.0320%	1h	$54K	$334K	10x	as long as short
Variational Omni MSTR	+0.0336%	8h	$1.3M	$2.1M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0361%	8h	$22.0M	$97.6M	50x	as long as short
Bitget MSTRUSDT	+0.0399%	8h	$28.8M	$106.5M	25x	as long as short
Binance MSTRUSDT	+0.0413%	8h	$88.6M	$484.0M	50x	as long as short
Aster MSTRUSDT	+0.0444%	8h	$1.6M	$5.0M	50x	as long as short
edgeX MSTRUSDC	+0.0535%	4h	$63K	$4.2M	10x	as long as short
BloFin MSTR-USDT	+0.0537%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$196K	$392K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0771%	1h	$283K	$450K	10x	as long as short
Arcus MSTR-USD	+0.0991%	1h	$26K	$121K	10x	as long as short