MSTR funding rates

MSTR perpetual funding is currently quoted across 19 venues, ranging from +0.0% to +55.8% APR. The most reliable delta-neutral pairing for MSTR right now is long Variational / short Phoenix at +28.9% net APR (low risk, ~0.7d to break even).

as of 2026-10-28 03:47 UTC
Best delta-neutral pairing
Long Variational / Short Phoenix
+28.9% net APR
Backtested (30d)
+19.9%
Stability
87.6%
Risk
low
Breakeven
~0.7d

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
SoDEX+55.78%
RiseX+48.16%
Phoenix+32.72%
Decibel+23.65%
Grvt+19.16%
Nado+14.01%
Paradex+13.70%
Aster+12.97%
Pacifica+10.95%
TxFlow+10.95%
QFEX+8.76%
TradeXYZ+8.33%
Ondo+5.52%
PopDEX+5.52%
Polymarket+5.47%
Arcus+4.49%
Lighter+4.38%
Extended+3.50%
Variational+0.00%

Frequently asked

What is the MSTR funding rate right now?

MSTR perpetual funding ranges from 0.00% to 55.78% APR across 19 exchanges we track; the widest delta-neutral spread is long Variational / short Phoenix at 28.9% net APR.

Which exchange has the highest MSTR funding rate?

SoDEX currently has the highest at 55.78% APR. See the full ranking above.