MSTR

Alert

Funding spread now, next payment 15:00 UTC−0.0345%/8h

next payment, per $10,000−$0.43paid, last 24h−0.153%paid, last 3 days+0.015%to open and close $10k−$32

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.015% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	RISEx MSTR/USDC	165.56	0.0566	pay 0.0071% / 1h	19m 10s	$195K	$392K	10x
Short	tradeXYZ xyz:MSTR	165.27	0.0221	get 0.0028% / 1h	19m 10s	$56.4M	$30.1M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee tradeXYZbpOrdersRate

Funding earned: −$72.39
Slippage, 4 orders: −$8.41
Fee RISEx: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$104.8
Break-even: never at this rate

Slippage from RISEx: live order book, 36 min ago; tradeXYZ: live order book, 11 min ago.

Price risk

price view

Price gap now: −0.175%
Avg gap 7d: −0.072%

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, 36 min ago	3.01 bp	6.0 bp −$6	7.7 bp −$77	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.90 bp	10.5 bp −$10	12.4 bp −$124	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
Injective MSTR/USDC PERP	−0.0440%	1h	$12K	$123K	30x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.9M	$18.7M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$30K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$501K	$2.3M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.3M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$416K	$1.8M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$43K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	$869K	$4.3M	10x	as long as short
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$9.0M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$176K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MSTRUSDT	+0.0100%	1h	$132K	$2.4M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$3K	$14K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
Nado MSTR-PERP	+0.0109%	1h	$154K	$245K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0119%	8h	$66	—	5x	as long as short
KuCoin MSTRUSDTM	+0.0160%	8h	$3.2M	$2.1M	20x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0160%	1h	$1.5M	$1.2M	10x	as long as short
Lighter MSTR	+0.0192%	1h	$3.6M	$2.9M	10x	as long as short
Bybit MSTRUSDT	+0.0197%	8h	$15.7M	$41.9M	50x	as long as short
tradeXYZ xyz:MSTRshort	+0.0221%	1h	$56.4M	$30.1M	10x
Phoenix MSTR	+0.0320%	1h	$55K	$334K	10x	as long as short
Variational Omni MSTR	+0.0332%	8h	$1.3M	$2.1M	—	as long as short
OKX MSTR-USDT-SWAP	+0.0355%	8h	$21.8M	$97.0M	50x	as long as short
Bitget MSTRUSDT	+0.0394%	8h	$28.5M	$106.8M	25x	as long as short
Binance MSTRUSDT	+0.0410%	8h	$88.9M	$485.9M	50x	as long as short
Aster MSTRUSDT	+0.0434%	8h	$1.6M	$5.0M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0477%	1h	$281K	$450K	10x	as long as short
BloFin MSTR-USDT	+0.0533%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDClong	+0.0566%	1h	$195K	$392K	10x
edgeX MSTRUSDC	+0.0599%	4h	$63K	$4.2M	10x	as long as short
Arcus MSTR-USD	+0.0991%	1h	$26K	$121K	10x	as long as short