MSTR

Alert

Funding spread now, next payment 00:00 UTC+0.0087%/8h

next payment, per $10,000+$0.87paid, last 24h+0.005%paid, last 5 days+0.054%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MSTR_USDC_mythos	165.81	0.0100	pay 0.0100% / 8h	6h 14m	$3K	$12K	10x
Short	Aster MSTRUSDT	165.74	0.0187	get 0.0187% / 8h	6h 14m	$1.3M	$6.1M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee AsterbpOrdersRate

Funding earned: $18.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $4.28
Break-even: 5.4 days

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.040%
Avg gap 7d: —

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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	0.90 bp	6.1 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit

Orderly: 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	$4.8M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$43K	10x	as long as short
RISEx MSTR/USDC	+0.0017%	1h	$285K	$465K	10x	as long as short
Nado MSTR-PERP	+0.0028%	1h	$124K	$243K	3x	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
QFEX MSTR-USD	+0.0041%	1h	$1.4M	$9.6M	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	$402K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps MSTR-USD.P	+0.0050%	1h	$778K	$4.7M	10x	as long as short
edgeX MSTRUSDC	+0.0077%	4h	$50K	$5.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0090%	8h	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0100%	1h	$56.2M	$32.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$153K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$4K	$1.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	$3K	$12K	10x
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.1M	10x	as long as short
Variational Omni MSTR	+0.0133%	8h	$1.2M	$2.3M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0164%	8h	$22.2M	$102.1M	50x	as long as short
Aster MSTRUSDTshort	+0.0187%	8h	$1.3M	$6.1M	50x
Binance MSTRUSDT	+0.0194%	8h	$88.3M	$588.1M	50x	as long as short
Bybit MSTRUSDT	+0.0212%	8h	$15.4M	$41.8M	50x	as long as short
Phoenix MSTR	+0.0215%	1h	$54K	$388K	10x	as long as short
Bitget MSTRUSDT	+0.0238%	8h	$28.5M	$112.4M	25x	as long as short
Injective MSTR/USDC PERP	+0.0249%	1h	$12K	$68K	30x	as long as short
BloFin MSTR-USDT	+0.0314%	8h	$1.1M	$1.5M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0474%	1h	$283K	$485K	10x	as long as short
Arcus MSTR-USD	+0.0599%	1h	$27K	$121K	10x	as long as short