MSTR

Alert

Funding spread now, next payment 15:00 UTC−0.0116%/8h

paid, last 24h−0.084%paid, last 5 days−0.396%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MSTR	166.36	0.0216	pay 0.0027% / 1h	38m 34s	$56K	$364K	10x
Short	Orderly PERP_MSTR_USDC_mythos	166.51	0.0100	get 0.0100% / 8h	38m 34s	$3K	$13K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee OrderlybpOrdersRate

Funding earned: −$24.33
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$37.33
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 9 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.088%
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 Phoenix live order book, 9 min ago	4.52 bp	9.0 bp −$9	19.0 bp −$190	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Gate MSTR_USDT	0.0000%	8h	$4.9M	$18.6M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$36K	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	$12K	$97K	30x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.6M	25x	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	$913K	$4.5M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$9.2M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0071%	1h	$407K	$2.1M	10x	as long as short
Nado MSTR-PERP	+0.0076%	1h	$128K	$260K	3x	as long as short
Extended MSTR_24_5-USD	+0.0096%	1h	$508K	$2.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$102K	$164K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$133K	$2.1M	50x	as long as short
Orderly PERP_MSTR_USDC_mythosshort	+0.0100%	8h	$3K	$13K	10x
Aevo MSTR-PERP	+0.0104%	1h	$138	—	10x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0133%	8h	$67	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0173%	8h	$2.6M	$2.6M	20x	as long as short
Lighter MSTR	+0.0176%	1h	$3.6M	$2.9M	10x	as long as short
Phoenix MSTRlong	+0.0216%	1h	$56K	$364K	10x
Bybit MSTRUSDT	+0.0244%	8h	$15.6M	$43.3M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0253%	1h	$57.0M	$31.5M	10x	as long as short
Variational Omni MSTR	+0.0315%	8h	$1.3M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0321%	8h	$22.2M	$100.4M	50x	as long as short
Bitget MSTRUSDT	+0.0375%	8h	$29.2M	$110.0M	25x	as long as short
Binance MSTRUSDT	+0.0379%	8h	$89.2M	$530.9M	50x	as long as short
Aster MSTRUSDT	+0.0391%	8h	$1.3M	$5.9M	50x	as long as short
RISEx MSTR/USDC	+0.0486%	1h	$305K	$460K	10x	as long as short
BloFin MSTR-USDT	+0.0500%	8h	$1.1M	$1.4M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0652%	1h	$283K	$456K	10x	as long as short
Arcus MSTR-USD	+0.0705%	1h	$26K	$125K	10x	as long as short
edgeX MSTRUSDC	+0.0953%	4h	$62K	$4.6M	10x	as long as short