MSTR Perp Funding
Strategy perpetual funding and carry across venues, annualized and mechanism-true.
Best venue to short+87.97%Bybit · Shorts collect the funding longs pay
Cheapest venue to long-11.07%Kraken · Lowest funding a long pays. Negative means longs get paid.
Short-vs-long spread99.04%Short Bybit / long Kraken
Open interest by venue$142M16 venues listing MSTR
ApeXstandard
+10.95%Annualized funding · settles every 1hMark $129.3OI $46K
Asterstandard
0.00%Annualized funding · settles every 8hMark $129.33OI $1M
Avantisfunding plus borrow
2.00% costAnnualized rollover, charged to both sidesMark —OI $1K
Binancestandard
+4.74%Annualized funding · settles every 8hMark $129.62OI $53M
Bitgetstandard
0.00%Annualized funding · settles every 8hMark $129.61OI $23M
Bybitstandard
+87.97%Annualized funding · settles every 8hMark $129.56OI $5M
Coinbasestandard
+53.44%Annualized funding · settles every 1hMark $129.58OI $1M
Gatestandard
0.00%Annualized funding · settles every 8hMark $129.66OI $1M
GRVTstandard
+66.69%Annualized funding · settles every 8hMark $129.6OI $43K
Hyperliquidbuilder set
+55.88%Annualized funding · settles every 1hMark $129.43OI $38M
Krakenstandard
-11.07%Annualized funding · settles every 1hMark $129.61OI $593K
Lighterstandard
+29.78%Annualized funding · settles every 8hMark $129.35OI $3M
OKXstandard
+14.12%Annualized funding · settles every 8hMark $129.66OI $14M
Orderlystandard
-1.69%Annualized funding · settles every 8hMark $129.51OI $2K
Ostiumfunding plus borrow
0.00% costAnnualized rollover, charged to both sidesMark $130.89OI $10K
Pacificastandard
+10.95%Annualized funding · settles every 1hMark $129.59OI $95K
Funding history · annualized
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Accumulated funding
| Venue | 1D | 7D | 30D |
|---|---|---|---|
| ApeX | +0.03% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Aster | 0.00% 3/3 · 100% | -0.06% 21/21 · 100% | +0.15% 90/90 · 100% |
| Binance | +0.00% 3/3 · 100% | +0.09% 21/21 · 100% | +0.47% 90/90 · 100% |
| Bitget | 0.00% 3/3 · 100% | +0.10% 21/21 · 100% | +0.45% 90/90 · 100% |
| Bybit | +0.00% 3/3 · 100% | +0.16% 21/21 · 100% | +0.63% 90/90 · 100% |
| Coinbase | -0.05% 24/24 · 100% | — 100/168 · 60% | — 100/720 · 14% |
| Gate | 0.00% 3/3 · 100% | +0.45% 21/21 · 100% | — 34/90 · 38% |
| GRVT | 0.00% 3/3 · 100% | +0.06% 21/21 · 100% | +0.33% 90/90 · 100% |
| Hyperliquid | -0.03% 24/24 · 100% | +0.11% 168/168 · 100% | +0.67% 720/720 · 100% |
| Kraken | -0.03% 24/24 · 100% | +0.25% 168/168 · 100% | +2.73% 720/720 · 100% |
| Lighter | +0.04% 24/3 · 100% | +0.22% 168/21 · 100% | +0.87% 720/90 · 100% |
| OKX | +0.01% 3/3 · 100% | +0.14% 21/21 · 100% | +0.53% 90/90 · 100% |
| Orderly | +0.02% 3/3 · 100% | +0.16% 21/21 · 100% | +0.64% 90/90 · 100% |
| Pacifica | +0.03% 24/24 · 100% | +0.16% 167/168 · 99% | — 200/720 · 28% |
Funding by session phase · 30D avg annualized
| Phase | Avg APR | Settlements |
|---|---|---|
| Market hours | +10.55% | 551 |
| After hours | +15.29% | 1497 |
| Weekend | +11.09% | 1056 |
| Holiday | -11.68% | 120 |
Underlying equities print ~32.5 market hours a week; these perps trade 168. Accumulated and session tables cover every venue with a per-settlement feed; rollover venues (Ostium, Avantis) charge both sides continuously and publish no settle history.