MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0173%/8h

next payment, per $10,000−$0.22paid, last 24h−0.271%paid, last 3 days−0.264%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	166.14	0.0277	pay 0.0035% / 1h	36m 05s	$293K	$478K	10x
Short	Aevo MSTR-PERP	166.11	0.0104	get 0.0013% / 1h	36m 05s	$138	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee AevobpOrdersRate

Funding earned: −$36.42
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$58.42
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 9 min ago; Aevo: no order-book sample. 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 RISEx live order book, 9 min ago	1.51 bp	4.5 bp −$5	5.3 bp −$53	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	$4.8M	$18.8M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$39K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$499K	$2.2M	10x	as long as short
QFEX MSTR-USD	+0.0041%	1h	$1.3M	$9.3M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.7M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$409K	$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	$884K	$4.4M	10x	as long as short
Lighter MSTR	+0.0056%	1h	$3.6M	$2.8M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$152K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MSTRUSDTM	+0.0100%	8h	$2.5M	$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-PERPshort	+0.0104%	1h	$138	—	10x
Paradex MSTR-USD-PERP	+0.0109%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Nado MSTR-PERP	+0.0137%	1h	$125K	$257K	3x	as long as short
tradeXYZ xyz:MSTR	+0.0153%	1h	$57.1M	$31.5M	10x	as long as short
edgeX MSTRUSDC	+0.0205%	4h	$45K	$4.9M	10x	as long as short
Phoenix MSTR	+0.0226%	1h	$56K	$380K	10x	as long as short
Variational Omni MSTR	+0.0254%	8h	$1.2M	$2.2M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0263%	8h	$22.2M	$100.8M	50x	as long as short
RISEx MSTR/USDClong	+0.0277%	1h	$293K	$478K	10x
Aster MSTRUSDT	+0.0294%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0301%	8h	$89.6M	$555.5M	50x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bitget MSTRUSDT	+0.0323%	8h	$28.9M	$110.8M	25x	as long as short
Bybit MSTRUSDT	+0.0393%	8h	$15.4M	$41.7M	50x	as long as short
BloFin MSTR-USDT	+0.0423%	8h	$1.1M	$1.4M	20x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$126K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0654%	1h	$282K	$454K	10x	as long as short