MSTR

Alert

Funding spread now, next payment 14:00 UTC+0.0364%/8h

paid, last 24h−0.155%paid, last 3 days−0.404%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MSTR-USD	165.03	0.0050	pay 0.0006% / 1h	30m 28s	$43K	$3K	10x
Short	Variational Omni MSTR	164.68	0.0414	get 0.0414% / 8h	2h 30m	$1.4M	$1.8M	—

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee Variational OmnibpOrdersRate

Funding earned: $76.53
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $68.53
Break-even: 0.7 days

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.210%
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 Variational Omni RFQ quote, 5 min ago	3.18 bp	doesn't fit	7.5 bp −$75	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
Gate MSTR_USDT	0.0000%	8h	$5.0M	$16.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$26K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$492K	$2.1M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$951K	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$410K	$1.3M	10x	as long as short
SoDEX MSTR-USDlong	+0.0050%	1h	$43K	$3K	10x
Ondo Perps MSTR-USD.P	+0.0050%	1h	$924K	$4.0M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.3M	$8.6M	10x	as long as short
Lighter MSTR	+0.0096%	1h	$3.5M	$2.5M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$101K	$177K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni MSTRUSDT	+0.0100%	1h	$131K	$2.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$4K	$10K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$137	—	10x	as long as short
KuCoin MSTRUSDTM	+0.0140%	8h	$2.5M	$1.4M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0146%	8h	$66	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.1M	10x	as long as short
Bybit MSTRUSDT	+0.0210%	8h	$15.8M	$33.5M	50x	as long as short
Nado MSTR-PERP	+0.0246%	1h	$153K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$55K	$230K	10x	as long as short
Variational Omni MSTRshort	+0.0414%	8h	$1.4M	$1.8M	—
tradeXYZ xyz:MSTR	+0.0417%	1h	$58.4M	$21.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0440%	1h	$13K	$130K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0448%	8h	$21.5M	$74.8M	50x	as long as short
Bitget MSTRUSDT	+0.0493%	8h	$31.8M	$86.6M	25x	as long as short
Binance MSTRUSDT	+0.0510%	8h	$85.9M	$366.5M	50x	as long as short
Aster MSTRUSDT	+0.0547%	8h	$1.9M	$3.5M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$109K	10x	as long as short
edgeX MSTRUSDC	+0.0574%	4h	$32K	$3.1M	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0660%	1h	$280K	$493K	10x	as long as short
BloFin MSTR-USDT	+0.0661%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$183K	$257K	10x	as long as short