MSTR

Alert

Funding spread now, next payment 15:00 UTC+0.0122%/8h

paid, last 24h+0.097%paid, last 5 days+0.245%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	165.66	0.0100	pay 0.0100% / 8h	1h 19m	$3K	$14K	10x
Short	tradeXYZ xyz:MSTR	165.71	0.0222	get 0.0028% / 1h	19m 38s	$56.5M	$30.1M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee tradeXYZbpOrdersRate

Funding earned: $25.53
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $1.53
Break-even: 6.6 days

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.030%
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 tradeXYZ live order book, 11 min ago	0.90 bp	10.5 bp −$10	12.4 bp −$124	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
Injective MSTR/USDC PERP	−0.0440%	1h	$12K	$123K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.9M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$30K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$501K	$2.3M	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	$415K	$1.7M	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	$869K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$9.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$176K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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
Nado MSTR-PERP	+0.0107%	1h	$155K	$245K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0119%	8h	$66	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0160%	8h	$3.2M	$2.1M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0160%	1h	$1.5M	$1.2M	10x	as long as short
Lighter MSTR	+0.0192%	1h	$3.6M	$2.9M	10x	as long as short
Bybit MSTRUSDT	+0.0197%	8h	$15.7M	$41.8M	50x	as long as short
tradeXYZ xyz:MSTRshort	+0.0222%	1h	$56.5M	$30.1M	10x
Phoenix MSTR	+0.0320%	1h	$55K	$334K	10x	as long as short
Variational Omni MSTR	+0.0332%	8h	$1.3M	$2.1M	—	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0354%	1h	$281K	$450K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0358%	8h	$21.9M	$97.2M	50x	as long as short
Bitget MSTRUSDT	+0.0394%	8h	$28.6M	$106.7M	25x	as long as short
Binance MSTRUSDT	+0.0410%	8h	$89.2M	$485.3M	50x	as long as short
Aster MSTRUSDT	+0.0434%	8h	$1.6M	$5.0M	50x	as long as short
BloFin MSTR-USDT	+0.0536%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0566%	1h	$195K	$392K	10x	as long as short
edgeX MSTRUSDC	+0.0599%	4h	$63K	$4.2M	10x	as long as short
Arcus MSTR-USD	+0.0991%	1h	$26K	$121K	10x	as long as short