MSTR

Alert

Funding spread now, next payment 17:00 UTC−0.0227%/8h

next payment, per $10,000−$0.28paid, last 24h−0.144%paid, last 3 days+0.105%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MSTR/USDC	167.17	0.0277	pay 0.0035% / 1h	9m 59s	$300K	$465K	10x
Short	SoDEX MSTR-USD	167.20	0.0050	get 0.0006% / 1h	9m 59s	$44K	$3K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee SoDEXbpOrdersRate

Funding earned: −$47.76
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$61.76
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 35 min ago; SoDEX: 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, 35 min ago	1.51 bp	4.5 bp −$5	5.3 bp −$53	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	$41K	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	$497K	$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	$406K	$2.3M	10x	as long as short
SoDEX MSTR-USDshort	+0.0050%	1h	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	$887K	$4.4M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0093%	8h	$67	—	5x	as long as short

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	+0.0106%	1h	$126K	$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	+0.0138%	1h	$57.2M	$32.1M	10x	as long as short
Variational Omni MSTR	+0.0218%	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	+0.0236%	8h	$22.7M	$101.6M	50x	as long as short
Aster MSTRUSDT	+0.0268%	8h	$1.3M	$6.0M	50x	as long as short
Binance MSTRUSDT	+0.0269%	8h	$90.5M	$563.2M	50x	as long as short
RISEx MSTR/USDClong	+0.0277%	1h	$300K	$465K	10x
Bitget MSTRUSDT	+0.0304%	8h	$28.9M	$111.2M	25x	as long as short
Injective MSTR/USDC PERP	+0.0312%	1h	$12K	$93K	30x	as long as short
Bybit MSTRUSDT	+0.0344%	8h	$15.5M	$41.4M	50x	as long as short
BloFin MSTR-USDT	+0.0413%	8h	$1.1M	$1.5M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0528%	1h	$284K	$455K	10x	as long as short
edgeX MSTRUSDC	+0.0565%	4h	$43K	$4.9M	10x	as long as short
Arcus MSTR-USD	+0.0612%	1h	$26K	$128K	10x	as long as short