MSTR

Alert

Funding spread now, next payment 20:00 UTC+0.0776%/8h

paid, last 24h−0.035%paid, last 5 days−0.089%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 -0.089% in total (about -6.9% 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	Orderly PERP_MSTR_USDC_mythos	166.99	0.0100	pay 0.0100% / 8h	6h 46m	$3K	$12K	10x
Short	edgeX MSTRUSDC	166.86	0.0876	get 0.0438% / 4h	2h 46m	$50K	$5.0M	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 OrderlybpFee edgeXbpOrdersRate

Funding earned: $162.88
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $147.88
Break-even: 0.6 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.078%
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 edgeX live order book, 4 min ago	5.40 bp	10.4 bp −$10	17.1 bp −$171	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
Nado MSTR-PERP	−0.0034%	1h	$126K	$243K	3x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.3M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$42K	10x	as long as short
RISEx MSTR/USDC	+0.0017%	1h	$295K	$467K	10x	as long as short
Lighter MSTR	+0.0032%	1h	$3.6M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$495K	$2.0M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.5M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.8M	25x	as long as short
tradeXYZ xyz:MSTR	+0.0050%	1h	$56.8M	$32.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$817K	$4.6M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0075%	8h	$67	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$152K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.6M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$130K	$1.5M	50x	as long as short
Orderly PERP_MSTR_USDC_mythoslong	+0.0100%	8h	$3K	$12K	10x
Aevo MSTR-PERP	+0.0104%	1h	$139	—	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	+0.0185%	8h	$1.3M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0189%	8h	$22.5M	$101.6M	50x	as long as short
Bybit MSTRUSDT	+0.0208%	8h	$15.5M	$41.5M	50x	as long as short
Phoenix MSTR	+0.0215%	1h	$55K	$388K	10x	as long as short
Binance MSTRUSDT	+0.0228%	8h	$91.3M	$569.3M	50x	as long as short
Aster MSTRUSDT	+0.0231%	8h	$1.3M	$6.0M	50x	as long as short
Injective MSTR/USDC PERP	+0.0249%	1h	$12K	$68K	30x	as long as short
Bitget MSTRUSDT	+0.0259%	8h	$28.8M	$111.6M	25x	as long as short
BloFin MSTR-USDT	+0.0350%	8h	$1.1M	$1.5M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0409%	1h	$284K	$455K	10x	as long as short
Arcus MSTR-USD	+0.0599%	1h	$26K	$130K	10x	as long as short
edgeX MSTRUSDCshort	+0.0876%	4h	$50K	$5.0M	10x