MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0212%/8h

next payment, per $10,000−$0.27paid, last 24h+0.060%paid, last 7 days+0.065%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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	Injective MSTR/USDC PERP	166.56	0.0312	pay 0.0039% / 1h	57m 33s	$12K	$93K	30x
Short	Pacifica MSTR	166.57	0.0100	get 0.0013% / 1h	57m 33s	$102K	$153K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PacificabpOrdersRate

Funding earned: −$44.62
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$52.64
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 52 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.004%
Avg gap 7d: +0.358%

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 Pacifica live order book, 52 min ago	2.06 bp	14.9 bp −$15	doesn't fit	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	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$38K	10x	as long as short
edgeX MSTRUSDC	+0.0019%	4h	$45K	$4.9M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$499K	$2.2M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.2M	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	$879K	$4.6M	10x	as long as short
Pacifica MSTRshort	+0.0100%	1h	$102K	$153K	10x

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$130K	$1.9M	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	$138	—	10x	as long as short
Paradex MSTR-USD-PERP	+0.0105%	8h	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Nado MSTR-PERP	+0.0175%	1h	$128K	$256K	3x	as long as short
Lighter MSTR	+0.0200%	1h	$3.6M	$2.7M	10x	as long as short
Phoenix MSTR	+0.0216%	1h	$54K	$380K	10x	as long as short
Variational Omni MSTR	+0.0246%	8h	$1.3M	$2.2M	—	as long as short
tradeXYZ xyz:MSTR	+0.0261%	1h	$56.8M	$31.7M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0267%	8h	$22.3M	$101.5M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$293K	$478K	10x	as long as short
Aster MSTRUSDT	+0.0308%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0310%	8h	$89.9M	$553.7M	50x	as long as short
Injective MSTR/USDC PERPlong	+0.0312%	1h	$12K	$93K	30x
Bitget MSTRUSDT	+0.0323%	8h	$29.0M	$111.0M	25x	as long as short
BloFin MSTR-USDT	+0.0429%	8h	$1.1M	$1.4M	20x	as long as short
Bybit MSTRUSDT	+0.0522%	8h	$15.6M	$43.3M	50x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0951%	1h	$283K	$453K	10x	as long as short