MSTR

Alert

Funding spread now, next payment 16:00 UTC+0.0095%/8h

paid, last 24h+0.030%paid, last 3 days+0.102%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MSTR-USD-PERP	166.70	0.0046	pay 0.0006% / 1h	22m 02s	—	$1.6M	25x
Short	KuCoin MSTRUSDTM	166.33	0.0141	get 0.0141% / 8h	22m 02s	$2.6M	$2.6M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee VestbpFee KuCoinbpOrdersRate

Funding earned: $20.02
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $6.02
Break-even: 4.9 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.222%
Avg gap 7d: +1.014%

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 Vest no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 1 min ago	3.00 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit

Vest: 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
Injective MSTR/USDC PERP	+0.0033%	1h	$12K	$97K	30x	as long as short
Extended MSTR_24_5-USD	+0.0040%	1h	$505K	$2.2M	10x	as long as short
Nado MSTR-PERP	+0.0041%	1h	$128K	$257K	3x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	—	$1.6M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	$409K	$2.1M	10x	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	$895K	$4.5M	10x	as long as short
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	+0.0088%	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	$132K	$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
Coinbase International MSTR-PERP-INTX	+0.0112%	1h	$1.5M	$1.2M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0116%	8h	$67	—	5x	as long as short
KuCoin MSTRUSDTMshort	+0.0141%	8h	$2.6M	$2.6M	20x
tradeXYZ xyz:MSTR	+0.0200%	1h	$57.0M	$31.4M	10x	as long as short
Phoenix MSTR	+0.0216%	1h	$55K	$364K	10x	as long as short
Bybit MSTRUSDT	+0.0245%	8h	$15.5M	$43.7M	50x	as long as short
OKX MSTR-USDT-SWAP	+0.0290%	8h	$22.1M	$101.0M	50x	as long as short
Variational Omni MSTR	+0.0295%	8h	$1.3M	$2.2M	—	as long as short
Binance MSTRUSDT	+0.0352%	8h	$88.1M	$539.2M	50x	as long as short
Bitget MSTRUSDT	+0.0353%	8h	$28.9M	$110.7M	25x	as long as short
Aster MSTRUSDT	+0.0358%	8h	$1.3M	$5.9M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0410%	1h	$283K	$461K	10x	as long as short
BloFin MSTR-USDT	+0.0474%	8h	$1.1M	$1.4M	20x	as long as short
RISEx MSTR/USDC	+0.0486%	1h	$305K	$463K	10x	as long as short
edgeX MSTRUSDC	+0.0585%	4h	$63K	$4.7M	10x	as long as short
Arcus MSTR-USD	+0.0705%	1h	$26K	$126K	10x	as long as short