MSTR

Alert

Funding spread now, next payment 14:00 UTC+0.0386%/8h

paid, last 24h−0.075%paid, last 7 days−0.093%to open and close $10k−$22

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.8% 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	165.32	0.0112	pay 0.0014% / 1h	34m 05s	$3.5M	$2.5M	10x
Short	Bitget MSTRUSDT	165.35	0.0498	get 0.0498% / 8h	2h 34m	$32.3M	$85.7M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BitgetbpOrdersRate

Funding earned: $81.06
Slippage, 4 orders: −$10.05
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $59.01
Break-even: 1.9 days

Slippage from Lighter: live order book, 5 min ago; Bitget: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.018%
Avg gap 7d: +0.085%

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, 5 min ago	1.21 bp	3.0 bp −$3	8.5 bp −$85	39.9 bp −$3,991	doesn't fit
Sell Bitget live order book, 1 min ago	0.30 bp	8.1 bp −$8	13.3 bp −$133	32.0 bp −$3,204	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	$5.0M	$16.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$26K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$496K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$943K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$413K	$1.3M	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	$927K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.3M	$8.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$177K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$131K	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$4K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
Lighter MSTRlong	+0.0112%	1h	$3.5M	$2.5M	10x
KuCoin MSTRUSDTM	+0.0145%	8h	$2.5M	$1.3M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0149%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.1M	10x	as long as short
Bybit MSTRUSDT	+0.0211%	8h	$15.8M	$33.0M	50x	as long as short
Nado MSTR-PERP	+0.0255%	1h	$153K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$53K	$230K	10x	as long as short
Variational Omni MSTR	+0.0412%	8h	$1.4M	$1.8M	—	as long as short
tradeXYZ xyz:MSTR	+0.0437%	1h	$58.6M	$21.1M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$13K	$130K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0452%	8h	$21.6M	$74.1M	50x	as long as short
Bitget MSTRUSDTshort	+0.0498%	8h	$32.3M	$85.7M	25x
Binance MSTRUSDT	+0.0514%	8h	$86.1M	$361.6M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$95K	10x	as long as short
Aster MSTRUSDT	+0.0552%	8h	$1.9M	$3.5M	50x	as long as short
BloFin MSTR-USDT	+0.0672%	8h	$1.1M	$1.2M	20x	as long as short
edgeX MSTRUSDC	+0.0706%	4h	$33K	$3.0M	10x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$183K	$256K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0902%	1h	$280K	$493K	10x	as long as short