MSTR

Alert

Funding spread now, next payment 00:00 UTC+0.0109%/8h

next payment, per $10,000+$1.09paid, last 24h−0.047%paid, last 3 days−0.539%to open and closeno order book

Long on Paradex Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSTR-USD-PERP	166.97	0.0076	pay 0.0076% / 8h	6h 48m	$67	—	5x
Short	Variational Omni MSTR	167.00	0.0185	get 0.0185% / 8h	6h 48m	$1.3M	$2.2M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee Variational OmnibpOrdersRate

Funding earned: $22.86
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $18.86
Break-even: 1.2 days

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.020%
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 Variational Omni RFQ quote, 2 min ago	2.96 bp	doesn't fit	10.9 bp −$109	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	−0.0030%	1h	$126K	$243K	3x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.3M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	0.0000%	1h	$284K	$455K	10x	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	$2.1M	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
tradeXYZ xyz:MSTR	+0.0050%	1h	$56.8M	$32.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.3M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$824K	$4.6M	10x	as long as short
Paradex MSTR-USD-PERPlong	+0.0076%	8h	$67	—	5x
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_mythos	+0.0100%	8h	$3K	$12K	10x	as long as short
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 MSTRshort	+0.0185%	8h	$1.3M	$2.2M	—
OKX MSTR-USDT-SWAP	+0.0197%	8h	$22.6M	$101.7M	50x	as long as short
Phoenix MSTR	+0.0215%	1h	$55K	$388K	10x	as long as short
Bybit MSTRUSDT	+0.0229%	8h	$15.5M	$41.5M	50x	as long as short
Binance MSTRUSDT	+0.0231%	8h	$90.8M	$568.0M	50x	as long as short
Aster MSTRUSDT	+0.0232%	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	+0.0263%	8h	$28.8M	$111.6M	25x	as long as short
BloFin MSTR-USDT	+0.0352%	8h	$1.1M	$1.5M	20x	as long as short
Arcus MSTR-USD	+0.0599%	1h	$26K	$130K	10x	as long as short
edgeX MSTRUSDC	+0.0914%	4h	$49K	$5.0M	10x	as long as short