MSTR

Alert

Funding spread now, next payment 17:00 UTC+0.0240%/8h

paid, last 24h−0.027%paid, last 7 days−0.082%to open and close $10k−$32

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% 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	Lighter MSTR	165.76	0.0064	pay 0.0008% / 1h	45m 10s	$3.6M	$2.8M	10x
Short	Aster MSTRUSDT	165.71	0.0304	get 0.0304% / 8h	7h 45m	$1.3M	$6.0M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee AsterbpOrdersRate

Funding earned: $50.42
Slippage, 4 orders: −$24.28
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $18.13
Break-even: 4.5 days

Slippage from Lighter: live order book, 4 min ago; Aster: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.031%
Avg gap 7d: +0.067%

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 Lighter live order book, 4 min ago	0.60 bp	4.7 bp −$5	7.7 bp −$77	33.5 bp −$3,350	doesn't fit
Sell Aster live order book, 5 min ago	2.70 bp	12.1 bp −$12	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
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$39K	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	$9.3M	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	$409K	$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	$889K	$4.5M	10x	as long as short
Lighter MSTRlong	+0.0064%	1h	$3.6M	$2.8M	10x
Pacifica MSTR	+0.0100%	1h	$101K	$153K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$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	+0.0109%	8h	$66	—	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	+0.0151%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0169%	1h	$56.7M	$31.3M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$54K	$380K	10x	as long as short
Variational Omni MSTR	+0.0251%	8h	$1.2M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0269%	8h	$22.2M	$100.8M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$291K	$477K	10x	as long as short
Aster MSTRUSDTshort	+0.0304%	8h	$1.3M	$6.0M	50x
Binance MSTRUSDT	+0.0309%	8h	$89.3M	$555.3M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0320%	8h	$28.9M	$111.0M	25x	as long as short
Bybit MSTRUSDT	+0.0394%	8h	$15.4M	$42.7M	50x	as long as short
BloFin MSTR-USDT	+0.0429%	8h	$1.1M	$1.4M	20x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0837%	1h	$282K	$454K	10x	as long as short
edgeX MSTRUSDC	+0.0961%	4h	$44K	$4.9M	10x	as long as short