MSTR

Alert

Funding spread now, next payment 19:00 UTC+0.0126%/8h

paid, last 24h−0.024%paid, last 3 days−0.285%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	165.79	0.0050	pay 0.0006% / 1h	51m 23s	$44K	$3K	10x
Short	Aster MSTRUSDT	166.01	0.0176	get 0.0176% / 8h	5h 51m	$1.3M	$6.1M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee AsterbpOrdersRate

Funding earned: $26.43
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $10.43
Break-even: 4.2 days

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.133%
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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.60 bp	6.6 bp −$7	28.9 bp −$289	doesn't fit	doesn't fit

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
RISEx MSTR/USDC	0.0000%	1h	$285K	$464K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.5M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$45K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$574K	$2.1M	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	$400K	$2.3M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	$44K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	$779K	$4.7M	10x	as long as short
QFEX MSTR-USD	+0.0065%	1h	$1.4M	$9.7M	10x	as long as short
Lighter MSTR	+0.0072%	1h	$3.5M	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica MSTR	+0.0100%	1h	$101K	$153K	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
Paradex MSTR-USD-PERP	+0.0105%	8h	$66	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0132%	1h	$56.3M	$33.7M	10x	as long as short
Variational Omni MSTR	+0.0132%	8h	$1.2M	$2.4M	—	as long as short
Nado MSTR-PERP	+0.0140%	1h	$124K	$240K	3x	as long as short
OKX MSTR-USDT-SWAP	+0.0148%	8h	$22.0M	$102.0M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0172%	1h	$282K	$488K	10x	as long as short
Aster MSTRUSDTshort	+0.0176%	8h	$1.3M	$6.1M	50x
Injective MSTR/USDC PERP	+0.0188%	1h	$12K	$48K	30x	as long as short
Binance MSTRUSDT	+0.0188%	8h	$88.1M	$596.1M	50x	as long as short
Phoenix MSTR	+0.0237%	1h	$55K	$384K	10x	as long as short
Bitget MSTRUSDT	+0.0242%	8h	$28.5M	$112.9M	25x	as long as short
Bybit MSTRUSDT	+0.0304%	8h	$15.4M	$40.4M	50x	as long as short
BloFin MSTR-USDT	+0.0308%	8h	$1.1M	$1.6M	20x	as long as short
Arcus MSTR-USD	+0.0553%	1h	$27K	$119K	10x	as long as short
edgeX MSTRUSDC	+0.0800%	4h	$44K	$5.2M	10x	as long as short