MSTR

Alert

Funding spread now, next payment 19:00 UTC−0.0046%/8h

paid, last 24h−0.014%paid, last 3 days−0.041%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	166.38	0.0046	pay 0.0006% / 1h	18m 52s	—	$1.9M	25x
Short	Phemex MSTRUSDT	166.25	0	get 0.0000% / 4h	1h 18m	$2.8M	$46K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee VestbpFee PhemexbpOrdersRate

Funding earned: −$9.59
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$23.59
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.078%
Avg gap 7d: +1.071%

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 Phemex live order book, 1 min ago	2.40 bp	doesn't fit	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
RISEx MSTR/USDC	0.0000%	1h	$286K	$469K	10x	as long as short
Gate MSTR_USDT	0.0000%	8h	$4.8M	$18.7M	50x	as long as short
Phemex MSTRUSDTshort	0.0000%	4h	$2.8M	$46K	10x
Nado MSTR-PERP	+0.0031%	1h	$124K	$232K	3x	as long as short
Lighter MSTR	+0.0032%	1h	$3.5M	$2.6M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	$577K	$2.1M	10x	as long as short
Vest MSTR-USD-PERPlong	+0.0046%	1h	—	$1.9M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	$404K	$2.4M	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	$777K	$4.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0065%	1h	$1.4M	$9.8M	10x	as long as short
Paradex MSTR-USD-PERP	+0.0081%	8h	$67	—	5x	as long as short
tradeXYZ xyz:MSTR	+0.0090%	1h	$56.4M	$33.9M	10x	as long as short
Variational Omni MSTR	+0.0098%	8h	$1.2M	$2.4M	—	as long as short
Pacifica MSTR	+0.0100%	1h	$102K	$152K	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
OKX MSTR-USDT-SWAP	+0.0113%	8h	$22.2M	$102.5M	50x	as long as short
Aster MSTRUSDT	+0.0138%	8h	$1.3M	$6.1M	50x	as long as short
Binance MSTRUSDT	+0.0151%	8h	$87.6M	$599.4M	50x	as long as short
Injective MSTR/USDC PERP	+0.0188%	1h	$12K	$48K	30x	as long as short
Bitget MSTRUSDT	+0.0221%	8h	$28.6M	$113.2M	25x	as long as short
Phoenix MSTR	+0.0237%	1h	$55K	$384K	10x	as long as short
BloFin MSTR-USDT	+0.0271%	8h	$1.1M	$1.6M	20x	as long as short
Bybit MSTRUSDT	+0.0284%	8h	$15.4M	$40.3M	50x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0532%	1h	$283K	$481K	10x	as long as short
Arcus MSTR-USD	+0.0553%	1h	$27K	$122K	10x	as long as short
edgeX MSTRUSDC	+0.0681%	4h	$45K	$5.2M	10x	as long as short