MSTR

Alert

Funding spread now, next payment 19:00 UTC+0.0487%/8h

next payment, per $10,000+$0.61paid, last 24h+0.063%paid, last 3 days+0.088%to open and close $10k−$37

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.088% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 per $10,000. 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	QFEX MSTR-USD	166.47	0.0065	pay 0.0008% / 1h	0m 57s	$1.4M	$9.8M	10x
Short	Arcus MSTR-USD	166.52	0.0553	get 0.0069% / 1h	0m 57s	$27K	$125K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee ArcusbpOrdersRate

Funding earned: $102.37
Slippage, 4 orders: −$22.59
Fee QFEX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $65.27
Break-even: 2.5 days

Slippage from QFEX: live order book, 4 min ago; Arcus: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.030%
Avg gap 7d: +0.018%

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 QFEX live order book, 4 min ago	1.50 bp	6.5 bp −$7	7.3 bp −$73	11.6 bp −$1,161	doesn't fit
Sell Arcus live order book, 4 min ago	6.32 bp	11.7 bp −$12	38.8 bp −$388	doesn't fit	doesn't fit

MSTR on 31 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
RISEx MSTR/USDC	0.0000%	1h	$289K	$471K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$48K	10x	as long as short
Nado MSTR-PERP	+0.0021%	1h	$124K	$217K	3x	as long as short
Lighter MSTR	+0.0032%	1h	$3.5M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$577K	$2.0M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.9M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.4M	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	$779K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX MSTR-USDlong	+0.0065%	1h	$1.4M	$9.8M	10x
Variational Omni MSTR	+0.0075%	8h	$1.2M	$2.4M	—	as long as short
Paradex MSTR-USD-PERP	+0.0075%	8h	$67	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0094%	1h	$56.6M	$34.1M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$152K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	$2.6M	$2.7M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$4K	$1.4M	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	+0.0104%	1h	$1.4M	$1.1M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0108%	8h	$22.2M	$102.7M	50x	as long as short
Aster MSTRUSDT	+0.0121%	8h	$1.3M	$6.1M	50x	as long as short
Binance MSTRUSDT	+0.0136%	8h	$87.4M	$600.5M	50x	as long as short
edgeX MSTRUSDC	+0.0159%	4h	$45K	$5.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0188%	1h	$12K	$48K	30x	as long as short
Bitget MSTRUSDT	+0.0221%	8h	$28.5M	$113.2M	25x	as long as short
Phoenix MSTR	+0.0237%	1h	$55K	$384K	10x	as long as short
BloFin MSTR-USDT	+0.0256%	8h	$1.1M	$1.6M	20x	as long as short
Bybit MSTRUSDT	+0.0289%	8h	$15.5M	$40.2M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0532%	1h	$283K	$439K	10x	as long as short
Arcus MSTR-USDshort	+0.0553%	1h	$27K	$125K	10x