MSTR

Alert

Funding spread now, next payment 17:00 UTC+0.0207%/8h

paid, last 24h−0.021%paid, last 7 days+0.026%to open and close $10k−$19

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.3% 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	166.24	0.0056	pay 0.0007% / 1h	35m 17s	$3.6M	$2.8M	10x
Short	OKX MSTR-USDT-SWAP	166.15	0.0263	get 0.0263% / 8h	7h 35m	$22.3M	$100.9M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee OKXbpOrdersRate

Funding earned: $43.44
Slippage, 4 orders: −$8.58
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $24.86
Break-even: 3.0 days

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

Price risk

price view

Price gap now: −0.054%
Avg gap 7d: +0.079%

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	0.90 bp	2.2 bp −$2	6.3 bp −$63	37.4 bp −$3,743	doesn't fit
Sell OKX live order book, 5 min ago	0.30 bp	7.3 bp −$7	13.1 bp −$131	38.8 bp −$3,881	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	$18.8M	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	$408K	$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	$884K	$4.4M	10x	as long as short
Lighter MSTRlong	+0.0056%	1h	$3.6M	$2.8M	10x
Pacifica MSTR	+0.0100%	1h	$102K	$152K	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	$1.8M	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	+0.0108%	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	+0.0137%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0154%	1h	$57.2M	$31.5M	10x	as long as short
edgeX MSTRUSDC	+0.0205%	4h	$45K	$4.9M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$56K	$380K	10x	as long as short
Variational Omni MSTR	+0.0241%	8h	$1.2M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAPshort	+0.0263%	8h	$22.3M	$100.9M	50x
RISEx MSTR/USDC	+0.0277%	1h	$293K	$468K	10x	as long as short
Aster MSTRUSDT	+0.0291%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0299%	8h	$89.7M	$555.5M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0323%	8h	$28.9M	$110.8M	25x	as long as short
Bybit MSTRUSDT	+0.0419%	8h	$15.4M	$41.8M	50x	as long as short
BloFin MSTR-USDT	+0.0423%	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	+0.0653%	1h	$282K	$454K	10x	as long as short