MSTR

Alert

Funding spread now, next payment 18:00 UTC+0.0237%/8h

paid, last 24h−0.039%paid, last 7 days+0.057%to open and close $10k−$48

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% 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	Gate MSTR_USDT	166.43	0	get 0.0000% / 8h	5h 24m	$4.8M	$18.7M	50x
Short	Phoenix MSTR	166.17	0.0237	get 0.0030% / 1h	24m 58s	$55K	$384K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee PhoenixbpOrdersRate

Funding earned: $49.72
Slippage, 4 orders: −$25.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $2.01
Break-even: 6.7 days

Slippage from Gate: live order book, 5 min ago; Phoenix: live order book, 8 min ago.

Price risk

price view

Price gap now: −0.158%
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 Gate live order book, 5 min ago	3.01 bp	16.3 bp −$16	32.6 bp −$326	110.5 bp −$11.1K	doesn't fit
Sell Phoenix live order book, 8 min ago	2.65 bp	9.3 bp −$9	18.4 bp −$184	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
RISEx MSTR/USDC	0.0000%	1h	$286K	$469K	10x	as long as short
Gate MSTR_USDTlong	0.0000%	8h	$4.8M	$18.7M	50x
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$46K	10x	as long as short
Lighter MSTR	+0.0032%	1h	$3.5M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$577K	$2.1M	10x	as long as short
Nado MSTR-PERP	+0.0044%	1h	$124K	$235K	3x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.9M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$404K	$2.3M	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	$777K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0065%	1h	$1.4M	$9.8M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0084%	8h	$67	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0087%	1h	$56.6M	$33.9M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$153K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$4K	$1.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$12K	10x	as long as short
Variational Omni MSTR	+0.0103%	8h	$1.2M	$2.4M	—	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0104%	1h	$1.4M	$1.1M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0121%	8h	$22.2M	$102.6M	50x	as long as short
Aster MSTRUSDT	+0.0145%	8h	$1.3M	$6.1M	50x	as long as short
Binance MSTRUSDT	+0.0157%	8h	$87.7M	$598.9M	50x	as long as short
Injective MSTR/USDC PERP	+0.0188%	1h	$12K	$48K	30x	as long as short
Bitget MSTRUSDT	+0.0224%	8h	$28.6M	$113.1M	25x	as long as short
Phoenix MSTRshort	+0.0237%	1h	$55K	$384K	10x
Bybit MSTRUSDT	+0.0276%	8h	$15.5M	$40.3M	50x	as long as short
BloFin MSTR-USDT	+0.0277%	8h	$1.1M	$1.6M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0471%	1h	$283K	$483K	10x	as long as short
edgeX MSTRUSDC	+0.0514%	4h	$45K	$5.2M	10x	as long as short
Arcus MSTR-USD	+0.0553%	1h	$27K	$122K	10x	as long as short