MSTR

Alert

Funding spread now, next payment 16:00 UTC−0.0142%/8h

next payment, per $10,000−$0.18paid, last 24h+0.046%paid, last 7 days−0.093%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MSTR	166.42	0.0193	pay 0.0024% / 1h	19m 36s	$57.0M	$31.4M	10x
Short	Ondo Perps MSTR-USD.P	166.12	0.0050	get 0.0006% / 1h	19m 36s	$901K	$4.6M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee tradeXYZbpFee Ondo PerpsbpOrdersRate

Funding earned: −$29.84
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$52.84
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 11 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.180%
Avg gap 7d: −0.023%

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, 11 min ago	0.30 bp	10.8 bp −$11	12.7 bp −$127	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	$18.9M	50x	as long as short
Phemex MSTRUSDT	0.0000%	4h	$2.8M	$36K	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$499K	$2.2M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	$12K	$97K	30x	as long as short
Nado MSTR-PERP	+0.0039%	1h	$128K	$257K	3x	as long as short
Vest MSTR-USD-PERP	+0.0046%	1h	—	$1.6M	25x	as long as short
Polymarket Perps MSTR-USD	+0.0050%	1h	$405K	$2.1M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.Pshort	+0.0050%	1h	$901K	$4.6M	10x
QFEX MSTR-USD	+0.0057%	1h	$1.3M	$9.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter MSTR	+0.0080%	1h	$3.6M	$2.9M	10x	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$153K	10x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	$130K	$1.9M	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
Paradex MSTR-USD-PERP	+0.0111%	8h	$67	—	5x	as long as short
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
KuCoin MSTRUSDTM	+0.0133%	8h	$2.6M	$2.6M	20x	as long as short
tradeXYZ xyz:MSTRlong	+0.0193%	1h	$57.0M	$31.4M	10x
Phoenix MSTR	+0.0216%	1h	$56K	$364K	10x	as long as short
Bybit MSTRUSDT	+0.0242%	8h	$15.5M	$43.8M	50x	as long as short
edgeX MSTRUSDC	+0.0247%	4h	$72K	$4.7M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0284%	8h	$22.1M	$101.1M	50x	as long as short
Variational Omni MSTR	+0.0291%	8h	$1.3M	$2.2M	—	as long as short
Binance MSTRUSDT	+0.0345%	8h	$88.1M	$542.3M	50x	as long as short
Bitget MSTRUSDT	+0.0347%	8h	$28.9M	$110.5M	25x	as long as short
Aster MSTRUSDT	+0.0350%	8h	$1.3M	$5.9M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0412%	1h	$283K	$461K	10x	as long as short
BloFin MSTR-USDT	+0.0471%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0486%	1h	$304K	$463K	10x	as long as short
Arcus MSTR-USD	+0.0705%	1h	$26K	$126K	10x	as long as short