MSTR

Alert

Funding spread now, next payment 16:00 UTC+0.0298%/8h

next payment, per $10,000+$2.98paid, last 24h+0.020%paid, last 7 days+0.099%to open and close $10k−$60

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.98 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	KuCoin MSTRUSDTM	167.52	0.0149	pay 0.0149% / 8h	2h 26m	$2.6M	$1.5M	20x
Short	OKX MSTR-USDT-SWAP	169.17	0.0447	get 0.0447% / 8h	2h 26m	$22.0M	$81.0M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersRate

Funding earned: $62.48
Slippage, 4 orders: −$37.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $2.66
Break-even: 6.7 days

Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.985%
Avg gap 7d: +0.038%

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 KuCoin live order book, 6 min ago	2.12 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.52 bp	8.9 bp −$9	14.3 bp −$143	43.9 bp −$4,386	doesn't fit

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	$5.1M	$17.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.9M	$26K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$505K	$2.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.0M	25x	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	$924K	$4.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0059%	1h	$421K	$1.4M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.4M	$8.7M	10x	as long as short
Lighter MSTR	+0.0088%	1h	$3.6M	$2.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$103K	$176K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MSTRUSDT	+0.0100%	1h	$132K	$2.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$4K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$140	—	10x	as long as short
KuCoin MSTRUSDTMlong	+0.0149%	8h	$2.6M	$1.5M	20x
Paradex MSTR-USD-PERP	+0.0154%	8h	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0216%	8h	$16.0M	$35.3M	50x	as long as short
Nado MSTR-PERP	+0.0243%	1h	$154K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$54K	$230K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0413%	1h	$61.3M	$23.4M	10x	as long as short
Variational Omni MSTR	+0.0414%	8h	$1.4M	$1.8M	—	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$12K	$130K	30x	as long as short
OKX MSTR-USDT-SWAPshort	+0.0447%	8h	$22.0M	$81.0M	50x
Bitget MSTRUSDT	+0.0498%	8h	$32.7M	$89.7M	25x	as long as short
Binance MSTRUSDT	+0.0508%	8h	$88.8M	$385.9M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$113K	10x	as long as short
Aster MSTRUSDT	+0.0553%	8h	$1.9M	$3.6M	50x	as long as short
BloFin MSTR-USDT	+0.0660%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$250K	$352K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0877%	1h	$286K	$534K	10x	as long as short
edgeX MSTRUSDC	+0.0946%	4h	$41K	$3.1M	10x	as long as short