Spread before costs (cost unknown: a leg has no order-book sample)−0.007%
7d average—if it closes, per $10,000$1funding while held, a day+$11.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSTR-PERP | 166.31 | 0.0104 | pay 0.0013% / 1h | 48m 17s | $138 | — | 10x |
| Short | Aster MSTRUSDT | 166.29 | 0.0488 | get 0.0488% / 8h | 1h 48m | $1.9M | $4.3M | 50x |
Aevo MSTR-PERP
Aster MSTRUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.7
- Funding while held
- $11.53
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$13.18
- Spread needed to break even
- 0.240%
Slippage unknown: Aevo: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0384%
- Per $10,000 a day
- +$11.53
- Average in range /8h
- —
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 2 min ago | 1.21 bp | 7.0 bp −$7 | 21.4 bp −$214 | doesn't fit | doesn't fit |
Aevo: 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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International165.56cheapestPhoenix165.67+0.064%edgeX165.76+0.118%Variational Omni165.78+0.135%ApeX Omni165.79+0.139%Ondo Perps166.07+0.308%Extended166.09+0.320%Paradex166.10+0.324%Pacifica166.10+0.328%Deribit166.13+0.344%Binance166.17+0.368%BloFin166.17+0.368%Bybit166.18+0.374%OKX166.20+0.387%QFEX166.21+0.393%Orderly166.21+0.393%SoDEX166.22+0.399%Bitget166.23+0.405%tradeXYZ166.24+0.411%Lighter166.26+0.423%Vest166.27+0.429%
Coinbase International
Phoenix
Variational Omni
ApeX Omni
Ondo Perps
Extended
Paradex
Pacifica
Deribit
Binance
BloFin
Bybit
OKX
QFEX
Orderly
SoDEX
Bitget
tradeXYZ
Lighter
VestAster166.29+0.444%
Aevo166.31+0.451%
KuCoin166.32+0.459%Arcus166.33+0.465%Nado166.33+0.468%RISEx166.34+0.472%Gate166.35+0.477%Polymarket Perps166.36+0.483%Phemex166.38+0.495%Injective167.52+1.184%
KuCoin
Arcus
Nado
RISEx
Gate
Polymarket Perps
Phemex
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MSTR-PERP-INTX | −0.449% | +0.0160% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Phoenix MSTR | −0.385% | +0.0320% | 1h | $53K | $334K | 10x | as long as short |
| edgeX MSTRUSDC | −0.331% | +0.0356% | 4h | $63K | $4.0M | 10x | as long as short |
| Variational Omni MSTR | −0.315% | +0.0385% | 8h | $1.3M | $2.1M | — | as long as short |
| ApeX Omni MSTRUSDT | −0.311% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.142% | +0.0050% | 1h | $923K | $4.3M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.130% | +0.0032% | 1h | $491K | $2.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.126% | +0.0128% | 8h | $66 | — | 5x | as long as short |
| Pacifica MSTR | −0.122% | +0.0100% | 1h | $102K | $176K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.106% | +0.0473% | 1h | $282K | $454K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance MSTRUSDT | −0.082% | +0.0450% | 8h | $86.2M | $465.4M | 50x | as long as short |
| BloFin MSTR-USDT | −0.082% | +0.0588% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Bybit MSTRUSDT | −0.076% | +0.0223% | 8h | $15.8M | $41.2M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.064% | +0.0394% | 8h | $21.4M | $93.7M | 50x | as long as short |
| QFEX MSTR-USD | −0.058% | +0.0057% | 1h | $1.3M | $8.8M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.058% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| SoDEX MSTR-USD | −0.052% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Bitget MSTRUSDT | −0.046% | +0.0436% | 8h | $31.5M | $102.2M | 25x | as long as short |
| tradeXYZ xyz:MSTR | −0.040% | +0.0173% | 1h | $56.6M | $29.1M | 10x | as long as short |
| Lighter MSTR | −0.028% | +0.0152% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.022% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| Aster MSTRUSDTshort | −0.007% | +0.0488% | 8h | $1.9M | $4.3M | 50x | |
| Aevo MSTR-PERPlong | 0.000% | +0.0104% | 1h | $138 | — | 10x | |
| KuCoin MSTRUSDTM | +0.008% | +0.0118% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Arcus MSTR-USD | +0.014% | +0.0991% | 1h | $26K | $121K | 10x | as long as short |
| Nado MSTR-PERP | +0.017% | +0.0058% | 1h | $155K | $251K | 3x | as long as short |
| RISEx MSTR/USDC | +0.021% | +0.0566% | 1h | $190K | $389K | 10x | as long as short |
| Gate MSTR_USDT | +0.026% | 0.0000% | 8h | $5.0M | $18.2M | 50x | as long as short |
| Polymarket Perps MSTR-USD | +0.032% | +0.0050% | 1h | $421K | $1.6M | 10x | as long as short |
| Phemex MSTRUSDT | +0.044% | 0.0000% | 4h | $2.8M | $27K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.730% | −0.0440% | 1h | $12K | $103K | 30x | as long as short |