MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0044%/8h

paid, last 24h+0.070%paid, last 3 days−0.158%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	166.94	0.0094	pay 0.0094% / 8h	7h 12m	$67	—	5x
Short	SoDEX MSTR-USD	166.86	0.0050	get 0.0006% / 1h	12m 28s	$44K	$3K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee SoDEXbpOrdersRate

Funding earned: −$9.34
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.34
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SoDEX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.051%
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 SoDEX no order-book sample	—	—	—	—	—

Paradex and SoDEX: 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	$4.9M	$19.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$40K	10x	as long as short
Lighter MSTR	+0.0032%	1h	$3.6M	$2.8M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$494K	$2.1M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.4M	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	$405K	$2.3M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	$884K	$4.4M	10x	as long as short
Paradex MSTR-USD-PERPlong	+0.0094%	8h	$67	—	5x

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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	$1.8M	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	$139	—	10x	as long as short
Nado MSTR-PERP	+0.0108%	1h	$125K	$253K	3x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:MSTR	+0.0143%	1h	$57.1M	$32.1M	10x	as long as short
Variational Omni MSTR	+0.0222%	8h	$1.3M	$2.3M	—	as long as short
Phoenix MSTR	+0.0226%	1h	$56K	$380K	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0239%	8h	$22.7M	$101.3M	50x	as long as short
Aster MSTRUSDT	+0.0270%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0272%	8h	$90.3M	$558.3M	50x	as long as short
RISEx MSTR/USDC	+0.0277%	1h	$299K	$465K	10x	as long as short
Bitget MSTRUSDT	+0.0308%	8h	$28.8M	$111.1M	25x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bybit MSTRUSDT	+0.0387%	8h	$15.5M	$41.3M	50x	as long as short
BloFin MSTR-USDT	+0.0418%	8h	$1.1M	$1.5M	20x	as long as short
edgeX MSTRUSDC	+0.0539%	4h	$43K	$4.9M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0589%	1h	$284K	$455K	10x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$128K	10x	as long as short