MSTR funding rates

MSTR perpetual funding is currently quoted across 18 venues, ranging from -127.0% to +10.9% APR. The most reliable delta-neutral pairing for MSTR right now is long Extended / short Phoenix at +64.8% net APR (high risk, ~0.9d to break even).

as of 2026-09-12 19:25 UTC
Best delta-neutral pairing
Long Extended / Short Phoenix
+64.8% net APR
Backtested (30d)
+5.8%
Stability
78.8%
Risk
high
Breakeven
~0.9d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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MSTR funding by exchange

ExchangeFunding APR
Pacifica+10.95%
SoDEX+5.47%
Arcus+4.18%
QFEX+0.00%
Variational-0.36%
Aster-6.16%
Paradex-26.54%
TxFlow-29.41%
Decibel-29.78%
Lighter-32.41%
Grvt-52.34%
Phoenix-55.04%
RiseX-56.07%
Ondo-71.22%
Nado-75.31%
TradeXYZ-79.00%
Polymarket-99.24%
Extended-127.02%

Frequently asked

What is the MSTR funding rate right now?

MSTR perpetual funding ranges from -127.02% to 10.95% APR across 18 exchanges we track; the widest delta-neutral spread is long Extended / short Phoenix at 64.8% net APR.

Which exchange has the highest MSTR funding rate?

Pacifica currently has the highest at 10.95% APR. See the full ranking above.