MSTR

Alert

Funding spread now, next payment 16:00 UTC+0.0681%/8h

next payment, per $10,000+$6.81paid, last 24h−0.003%paid, last 7 days+0.002%to open and close $10k−$41

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.81 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	Gate MSTR_USDT	165.02	0	get 0.0000% / 8h	3h 30m	$4.7M	$15.9M	50x
Short	BloFin MSTR-USDT	165.04	0.0681	get 0.0681% / 8h	3h 30m	$1.1M	$1.1M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BloFinbpOrdersRate

Funding earned: $143.01
Slippage, 4 orders: −$14.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $101.85
Break-even: 2.0 days

Slippage from Gate: live order book, 4 min ago; BloFin: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.012%
Avg gap 7d: +0.011%

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 Gate live order book, 4 min ago	1.51 bp	11.4 bp −$11	40.9 bp −$409	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.91 bp	6.9 bp −$7	8.7 bp −$87	14.1 bp −$1,409	44.8 bp −$22.4K

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MSTR_USDTlong	0.0000%	8h	$4.7M	$15.9M	50x
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$25K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$490K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$784K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$401K	$1.3M	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$931K	$3.8M	10x	as long as short
QFEX MSTR-USD	+0.0061%	1h	$1.3M	$8.3M	10x	as long as short
Lighter MSTR	+0.0096%	1h	$3.5M	$2.4M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$169K	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
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
Arcus MSTR-USD	+0.0165%	1h	$30K	$101K	10x	as long as short
Paradex MSTR-USD-PERP	+0.0173%	8h	$66	—	5x	as long as short
Injective MSTR/USDC PERP	+0.0179%	1h	$13K	$130K	30x	as long as short
Nado MSTR-PERP	+0.0187%	1h	$153K	$263K	3x	as long as short
KuCoin MSTRUSDTM	+0.0199%	8h	$2.5M	$1.3M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0232%	1h	$1.5M	$1.1M	10x	as long as short
Bybit MSTRUSDT	+0.0243%	8h	$15.9M	$32.0M	50x	as long as short
SoDEX MSTR-USD	+0.0311%	1h	$43K	$3K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0315%	1h	$56.7M	$19.4M	10x	as long as short
Phoenix MSTR	+0.0377%	1h	$53K	$218K	10x	as long as short
Variational Omni MSTR	+0.0417%	8h	$1.5M	$1.7M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0453%	8h	$21.3M	$70.5M	50x	as long as short
Bitget MSTRUSDT	+0.0482%	8h	$31.8M	$82.5M	25x	as long as short
Binance MSTRUSDT	+0.0524%	8h	$85.5M	$337.9M	50x	as long as short
Aster MSTRUSDT	+0.0584%	8h	$1.9M	$3.4M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0660%	1h	$280K	$478K	10x	as long as short
edgeX MSTRUSDC	+0.0661%	4h	$34K	$2.8M	10x	as long as short
BloFin MSTR-USDTshort	+0.0681%	8h	$1.1M	$1.1M	20x
RISEx MSTR/USDC	+0.0877%	1h	$181K	$221K	10x	as long as short