MSTR

Alert

Funding spread now, next payment 19:00 UTC+0.0252%/8h

paid, last 24h+0.038%paid, last 7 days+0.034%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 0.034% in total (about 1.8% 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	166.23	0.0032	pay 0.0004% / 1h	10m 00s	$3.5M	$2.6M	10x
Short	Bybit MSTRUSDT	166.29	0.0284	get 0.0284% / 8h	5h 10m	$15.4M	$40.4M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BybitbpOrdersRate

Funding earned: $52.93
Slippage, 4 orders: −$11.23
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $30.7
Break-even: 2.9 days

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

Price risk

price view

Price gap now: +0.036%
Avg gap 7d: +0.070%

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	1.20 bp	3.5 bp −$3	8.3 bp −$83	32.6 bp −$3,260	doesn't fit
Sell Bybit live order book, 5 min ago	0.60 bp	8.2 bp −$8	14.3 bp −$143	58.6 bp −$5,861	doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
RISEx MSTR/USDC	0.0000%	1h	$286K	$469K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$47K	10x	as long as short
Nado MSTR-PERP	+0.0022%	1h	$124K	$228K	3x	as long as short
Lighter MSTRlong	+0.0032%	1h	$3.5M	$2.6M	10x
Extended MSTR_24_5-USD	+0.0032%	1h	$577K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.9M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.4M	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	$777K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0065%	1h	$1.4M	$9.8M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0077%	8h	$66	—	5x	as long as short
Variational Omni MSTR	+0.0080%	8h	$1.2M	$2.4M	—	as long as short
tradeXYZ xyz:MSTR	+0.0092%	1h	$56.4M	$34.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$152K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.7M	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	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0104%	1h	$1.4M	$1.1M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0111%	8h	$22.2M	$102.5M	50x	as long as short
Aster MSTRUSDT	+0.0126%	8h	$1.3M	$6.1M	50x	as long as short
Binance MSTRUSDT	+0.0142%	8h	$87.4M	$599.9M	50x	as long as short
Injective MSTR/USDC PERP	+0.0188%	1h	$12K	$48K	30x	as long as short
Bitget MSTRUSDT	+0.0220%	8h	$28.5M	$113.3M	25x	as long as short
Phoenix MSTR	+0.0237%	1h	$56K	$384K	10x	as long as short
BloFin MSTR-USDT	+0.0263%	8h	$1.1M	$1.6M	20x	as long as short
Bybit MSTRUSDTshort	+0.0284%	8h	$15.4M	$40.4M	50x
Arcus MSTR-USD	+0.0553%	1h	$27K	$122K	10x	as long as short
edgeX MSTRUSDC	+0.0644%	4h	$45K	$5.2M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0713%	1h	$283K	$460K	10x	as long as short