MSTR

Alert

Funding spread now, next payment 18:00 UTC+0.0335%/8h

paid, last 24h+0.080%paid, last 3 days−0.002%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.002% in total (about -0.2% 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	Paradex MSTR-USD-PERP	166.76	0.0074	pay 0.0074% / 8h	6h 44m	$67	—	5x
Short	Deribit MSTR_USDC-PERPETUAL	166.94	0.0409	get 0.0051% / 1h	44m 44s	$284K	$455K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee DeribitbpOrdersRate

Funding earned: $70.35
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $59.35
Break-even: 1.1 days

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 61 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.106%
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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 61 min ago	6.93 bp	10.4 bp −$10	11.7 bp −$117	doesn't fit	doesn't fit

Paradex: 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	−0.0037%	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	$56.7M	$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-PERPlong	+0.0074%	8h	$67	—	5x
Pacifica MSTR	+0.0100%	1h	$102K	$152K	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	$89K	$1.5M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$12K	10x	as long as short
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	+0.0177%	8h	$1.3M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0188%	8h	$22.5M	$101.5M	50x	as long as short
Bybit MSTRUSDT	+0.0202%	8h	$15.5M	$41.5M	50x	as long as short
Phoenix MSTR	+0.0215%	1h	$55K	$388K	10x	as long as short
Binance MSTRUSDT	+0.0224%	8h	$91.3M	$570.9M	50x	as long as short
Aster MSTRUSDT	+0.0227%	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	+0.0257%	8h	$28.8M	$111.6M	25x	as long as short
BloFin MSTR-USDT	+0.0344%	8h	$1.1M	$1.5M	20x	as long as short
Deribit MSTR_USDC-PERPETUALshort	+0.0409%	1h	$284K	$455K	10x
Arcus MSTR-USD	+0.0599%	1h	$26K	$130K	10x	as long as short
edgeX MSTRUSDC	+0.0876%	4h	$50K	$5.0M	10x	as long as short