MSTR

Alert

Funding spread now, next payment 14:00 UTC−0.0199%/8h

paid, last 24h−0.037%paid, last 7 days−0.085%to open and close $10k−$47

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment. 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	tradeXYZ xyz:MSTR	168.69	0.0415	pay 0.0052% / 1h	27m 07s	$59.6M	$22.2M	10x
Short	Bybit MSTRUSDT	168.84	0.0216	get 0.0216% / 8h	2h 27m	$16.0M	$35.3M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee BybitbpOrdersRate

Funding earned: −$41.8
Slippage, 4 orders: −$17.89
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.69
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.089%
Avg gap 7d: +0.068%

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 tradeXYZ live order book, 3 min ago	4.53 bp	14.6 bp −$15	21.7 bp −$217	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.52 bp	10.9 bp −$11	20.1 bp −$201	87.7 bp −$8,769	doesn't fit

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	$5.1M	$17.1M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.9M	$26K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$505K	$2.2M	10x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.0M	25x	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	$924K	$4.1M	10x	as long as short
Polymarket Perps MSTR-USD	+0.0059%	1h	$421K	$1.4M	10x	as long as short
QFEX MSTR-USD	+0.0070%	1h	$1.4M	$8.7M	10x	as long as short
Lighter MSTR	+0.0088%	1h	$3.6M	$2.6M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$103K	$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	$2.3M	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	$4K	$13K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	$140	—	10x	as long as short
KuCoin MSTRUSDTM	+0.0149%	8h	$2.6M	$1.5M	20x	as long as short
Paradex MSTR-USD-PERP	+0.0154%	8h	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0176%	1h	$1.5M	$1.2M	10x	as long as short
Bybit MSTRUSDTshort	+0.0216%	8h	$16.0M	$35.3M	50x
Nado MSTR-PERP	+0.0243%	1h	$154K	$254K	3x	as long as short
Phoenix MSTR	+0.0342%	1h	$54K	$230K	10x	as long as short
Variational Omni MSTR	+0.0414%	8h	$1.4M	$1.8M	—	as long as short
tradeXYZ xyz:MSTRlong	+0.0415%	1h	$59.6M	$22.2M	10x
Injective MSTR/USDC PERP	+0.0440%	1h	$12K	$130K	30x	as long as short
OKX MSTR-USDT-SWAP	+0.0447%	8h	$21.9M	$80.3M	50x	as long as short
Bitget MSTRUSDT	+0.0498%	8h	$32.8M	$89.6M	25x	as long as short
Binance MSTRUSDT	+0.0508%	8h	$88.5M	$384.7M	50x	as long as short
Arcus MSTR-USD	+0.0549%	1h	$30K	$113K	10x	as long as short
Aster MSTRUSDT	+0.0553%	8h	$1.9M	$3.6M	50x	as long as short
BloFin MSTR-USDT	+0.0660%	8h	$1.1M	$1.2M	20x	as long as short
RISEx MSTR/USDC	+0.0870%	1h	$250K	$352K	10x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0877%	1h	$286K	$534K	10x	as long as short
edgeX MSTRUSDC	+0.0946%	4h	$41K	$3.1M	10x	as long as short