MSTR

Alert

Funding spread now, next payment 19:00 UTC+0.0502%/8h

next payment, per $10,000+$0.63paid, last 24h+0.045%paid, last 3 days−0.146%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.146% in total (about -16.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 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	Ondo Perps MSTR-USD.P	165.64	0.0050	pay 0.0006% / 1h	48m 55s	$779K	$4.7M	10x
Short	Arcus MSTR-USD	165.98	0.0553	get 0.0069% / 1h	48m 55s	$27K	$119K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee ArcusbpOrdersRate

Funding earned: $105.51
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $96.01
Break-even: 0.6 days

Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 21 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.205%
Avg gap 7d: +0.121%

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Arcus live order book, 21 min ago	9.05 bp	12.0 bp −$12	32.5 bp −$325	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	$296K	$469K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$45K	10x	as long as short
Lighter MSTR	+0.0032%	1h	$3.5M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$574K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.8M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$400K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Plong	+0.0050%	1h	$779K	$4.7M	10x
QFEX MSTR-USD	+0.0065%	1h	$1.4M	$9.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$101K	$153K	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
Paradex MSTR-USD-PERP	+0.0103%	8h	$66	—	5x	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
tradeXYZ xyz:MSTR	+0.0108%	1h	$56.2M	$33.8M	10x	as long as short
Nado MSTR-PERP	+0.0111%	1h	$124K	$240K	3x	as long as short
Variational Omni MSTR	+0.0135%	8h	$1.2M	$2.4M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0147%	8h	$22.0M	$102.1M	50x	as long as short
Aster MSTRUSDT	+0.0171%	8h	$1.3M	$6.1M	50x	as long as short
Binance MSTRUSDT	+0.0184%	8h	$87.7M	$597.7M	50x	as long as short
Injective MSTR/USDC PERP	+0.0188%	1h	$12K	$48K	30x	as long as short
Phoenix MSTR	+0.0237%	1h	$55K	$384K	10x	as long as short
Bitget MSTRUSDT	+0.0240%	8h	$28.5M	$113.0M	25x	as long as short
BloFin MSTR-USDT	+0.0304%	8h	$1.1M	$1.6M	20x	as long as short
Bybit MSTRUSDT	+0.0306%	8h	$15.4M	$40.4M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0353%	1h	$282K	$488K	10x	as long as short
Arcus MSTR-USDshort	+0.0553%	1h	$27K	$119K	10x
edgeX MSTRUSDC	+0.0800%	4h	$44K	$5.2M	10x	as long as short