MSTR

Alert

Funding spread now, next payment 16:00 UTC+0.0332%/8h

next payment, per $10,000+$3.32paid, last 24h−0.022%paid, last 5 days+0.051%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.051% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.32 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	Orderly PERP_MSTR_USDC_mythos	165.30	0.0100	pay 0.0100% / 8h	1h 45m	$3K	$14K	10x
Short	Bitget MSTRUSDT	165.52	0.0432	get 0.0432% / 8h	1h 45m	$31.3M	$102.5M	25x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BitgetbpOrdersRate

Funding earned: $69.72
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $51.72
Break-even: 1.8 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.133%
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 Bitget live order book, 5 min ago	0.30 bp	9.5 bp −$9	16.4 bp −$164	42.6 bp −$4,263	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
Injective MSTR/USDC PERP	−0.0440%	1h	$12K	$103K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	$5.0M	$18.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$27K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$489K	$2.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.3M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$420K	$1.6M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$839K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$8.8M	10x	as long as short
Nado MSTR-PERP	+0.0070%	1h	$154K	$251K	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$101K	$176K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$132K	$2.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	$3K	$14K	10x
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
KuCoin MSTRUSDTM	+0.0117%	8h	$3.2M	$2.1M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0125%	8h	$66	—	5x	as long as short
Lighter MSTR	+0.0160%	1h	$3.5M	$2.9M	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0160%	1h	$1.5M	$1.2M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0164%	1h	$56.2M	$29.3M	10x	as long as short
Bybit MSTRUSDT	+0.0221%	8h	$15.7M	$41.3M	50x	as long as short
Phoenix MSTR	+0.0320%	1h	$55K	$334K	10x	as long as short
edgeX MSTRUSDC	+0.0356%	4h	$63K	$4.0M	10x	as long as short
Variational Omni MSTR	+0.0385%	8h	$1.3M	$2.1M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0387%	8h	$21.2M	$93.6M	50x	as long as short
Bitget MSTRUSDTshort	+0.0432%	8h	$31.3M	$102.5M	25x
Binance MSTRUSDT	+0.0447%	8h	$85.8M	$467.8M	50x	as long as short
Aster MSTRUSDT	+0.0485%	8h	$1.9M	$4.7M	50x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$189K	$389K	10x	as long as short
BloFin MSTR-USDT	+0.0584%	8h	$1.1M	$1.4M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0597%	1h	$281K	$454K	10x	as long as short
Arcus MSTR-USD	+0.0991%	1h	$26K	$123K	10x	as long as short