MSTR

Alert

Funding spread now, next payment 18:00 UTC+0.0533%/8h

next payment, per $10,000+$0.67paid, last 24h+0.112%paid, last 4 days+0.364%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MSTR/USDC PERP	165.77	0.0249	pay 0.0031% / 1h	2m 53s	$12K	$68K	30x
Short	Deribit MSTR_USDC-PERPETUAL	165.01	0.0781	get 0.0098% / 1h	2m 53s	$281K	$487K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee DeribitbpOrdersRate

Funding earned: $111.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $104.88
Break-even: 0.4 days

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 37 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.458%
Avg gap 7d: —

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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 37 min ago	5.72 bp	9.2 bp −$9	12.9 bp −$129	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	$4.8M	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$44K	10x	as long as short
RISEx MSTR/USDC	+0.0017%	1h	$283K	$464K	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	$574K	$2.1M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.4M	$9.6M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$403K	$2.3M	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	$777K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado MSTR-PERP	+0.0052%	1h	$123K	$241K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0095%	8h	$66	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$153K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$2.6M	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
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.4M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0127%	1h	$55.7M	$33.2M	10x	as long as short
Variational Omni MSTR	+0.0133%	8h	$1.2M	$2.3M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0155%	8h	$21.9M	$101.8M	50x	as long as short
Aster MSTRUSDT	+0.0173%	8h	$1.3M	$6.1M	50x	as long as short
Binance MSTRUSDT	+0.0187%	8h	$88.1M	$592.4M	50x	as long as short
Phoenix MSTR	+0.0215%	1h	$54K	$388K	10x	as long as short
Bitget MSTRUSDT	+0.0239%	8h	$28.4M	$112.8M	25x	as long as short
Injective MSTR/USDC PERPlong	+0.0249%	1h	$12K	$68K	30x
Bybit MSTRUSDT	+0.0261%	8h	$15.3M	$42.0M	50x	as long as short
edgeX MSTRUSDC	+0.0280%	4h	$48K	$5.2M	10x	as long as short
BloFin MSTR-USDT	+0.0307%	8h	$1.1M	$1.6M	20x	as long as short
Arcus MSTR-USD	+0.0599%	1h	$27K	$119K	10x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0781%	1h	$281K	$487K	10x