MSTR

Alert

Funding spread now, next payment 14:00 UTC+0.0477%/8h

paid, last 24h+0.127%paid, last 4 days+0.128%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 0.128% in total (about 11.1% 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	Gate MSTR_USDT	164.74	0	get 0.0000% / 8h	2h 32m	$4.9M	$16.8M	50x
Short	Deribit MSTR_USDC-PERPETUAL	165.14	0.0477	get 0.0060% / 1h	32m 08s	$280K	$493K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee DeribitbpOrdersRate

Funding earned: $100.21
Slippage, 4 orders: −$26.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $51.8
Break-even: 3.4 days

Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 28 min ago.

Price risk

price view

Price gap now: +0.243%
Avg gap 7d: +0.033%

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, 3 min ago	2.12 bp	13.6 bp −$14	48.2 bp −$482	doesn't fit	doesn't fit
Sell Deribit live order book, 28 min ago	5.42 bp	11.3 bp −$11	13.1 bp −$131	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_USDTlong	0.0000%	8h	$4.9M	$16.8M	50x
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$26K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$496K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$943K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$409K	$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	+0.0142%	8h	$2.5M	$1.4M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0147%	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	+0.0212%	8h	$15.7M	$33.2M	50x	as long as short
Nado MSTR-PERP	+0.0250%	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	+0.0421%	1h	$58.4M	$21.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$13K	$130K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0449%	8h	$21.6M	$74.3M	50x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0477%	1h	$280K	$493K	10x
edgeX MSTRUSDC	+0.0486%	4h	$32K	$3.0M	10x	as long as short
Bitget MSTRUSDT	+0.0496%	8h	$32.1M	$86.0M	25x	as long as short
Binance MSTRUSDT	+0.0510%	8h	$86.0M	$363.2M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$99K	10x	as long as short
Aster MSTRUSDT	+0.0553%	8h	$1.9M	$3.5M	50x	as long as short
BloFin MSTR-USDT	+0.0666%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$183K	$257K	10x	as long as short