MSTR

Alert

Funding spread now, next payment 14:00 UTC−0.0050%/8h

paid, last 24h−0.198%paid, last 7 days−0.250%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MSTR-USD.P	165.26	0.0050	pay 0.0006% / 1h	29m 01s	$924K	$4.0M	10x
Short	Phemex MSTRUSDT	166.21	0	get 0.0000% / 4h	2h 29m	$2.8M	$26K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee PhemexbpOrdersRate

Funding earned: −$10.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$27.58
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.575%
Avg gap 7d: +0.133%

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 Phemex live order book, 6 min ago	8.48 bp	doesn't fit	doesn't fit	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
Gate MSTR_USDT	0.0000%	8h	$5.0M	$16.9M	50x	as long as short
Phemex MSTRUSDTshort	0.0000%	4h	$2.8M	$26K	10x
Extended MSTR_24_5-USD	+0.0032%	1h	$497K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$951K	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	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Plong	+0.0050%	1h	$924K	$4.0M	10x
QFEX MSTR-USD	+0.0070%	1h	$1.3M	$8.7M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$176K	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	$138	—	10x	as long as short
Lighter MSTR	+0.0112%	1h	$3.5M	$2.5M	10x	as long as short
KuCoin MSTRUSDTM	+0.0138%	8h	$2.5M	$1.4M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0147%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDT	+0.0210%	8h	$16.1M	$34.2M	50x	as long as short
Nado MSTR-PERP	+0.0239%	1h	$154K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$55K	$230K	10x	as long as short
tradeXYZ xyz:MSTR	+0.0414%	1h	$58.7M	$21.7M	10x	as long as short
Variational Omni MSTR	+0.0414%	8h	$1.4M	$1.8M	—	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$12K	$130K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0453%	8h	$21.6M	$77.0M	50x	as long as short
Bitget MSTRUSDT	+0.0492%	8h	$32.0M	$87.6M	25x	as long as short
Binance MSTRUSDT	+0.0509%	8h	$86.8M	$372.7M	50x	as long as short
Aster MSTRUSDT	+0.0546%	8h	$1.9M	$3.6M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$109K	10x	as long as short
edgeX MSTRUSDC	+0.0574%	4h	$32K	$3.1M	10x	as long as short
BloFin MSTR-USDT	+0.0662%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$256K	$321K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.1258%	1h	$282K	$518K	10x	as long as short