Spread before costs (cost unknown: a leg has no order-book sample)−0.040%
7d average—if it closes, per $10,000$4funding while held, a day+$9.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSTR-PERP | 166.14 | 0.0104 | pay 0.0013% / 1h | 42m 56s | $138 | — | 10x |
| Short | BloFin MSTR-USDT | 166.07 | 0.0430 | get 0.0430% / 8h | 7h 42m | $1.1M | $1.4M | 20x |
Aevo MSTR-PERP
BloFin MSTR-USDTPrice 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
- −$4.05
- Funding while held
- $9.79
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$22.26
- Spread needed to break even
- 0.280%
Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0326%
- Per $10,000 a day
- +$9.79
- 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 BloFin live order book, 1 min ago | 0.60 bp | 8.7 bp −$9 | 11.7 bp −$117 | 25.2 bp −$2,517 | 64.9 bp −$32.4K |
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.Phoenix165.76cheapestLighter165.97+0.127%Extended165.97+0.130%Vest166.00+0.145%Nado166.02+0.155%Aster166.02+0.157%Ondo Perps166.03+0.163%SoDEX166.03+0.163%tradeXYZ166.04+0.170%
Phoenix
Lighter
Extended
Vest
Nado
Aster
Ondo Perps
SoDEX
tradeXYZBloFin166.07+0.188%
Variational Omni166.07+0.188%KuCoin166.10+0.206%Phemex166.12+0.218%Gate166.13+0.224%
Variational Omni
KuCoin
Phemex
GateAevo166.14+0.228%
Bitget166.15+0.236%Polymarket Perps166.15+0.236%ApeX Omni166.17+0.248%QFEX166.19+0.260%Orderly166.20+0.266%Deribit166.20+0.266%RISEx166.21+0.269%Pacifica166.22+0.278%Binance166.23+0.285%Arcus166.24+0.290%Paradex166.25+0.296%Bybit166.28+0.314%OKX166.28+0.314%Coinbase International166.32+0.338%edgeX166.45+0.414%Injective166.56+0.483%
Bitget
Polymarket Perps
ApeX Omni
QFEX
Orderly
Deribit
RISEx
Pacifica
Binance
Arcus
Paradex
Bybit
OKX
Coinbase International
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.228% | +0.0226% | 1h | $53K | $380K | 10x | as long as short |
| Lighter MSTR | −0.101% | +0.0048% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.098% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.083% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Nado MSTR-PERP | −0.073% | +0.0145% | 1h | $125K | $257K | 3x | as long as short |
| Aster MSTRUSDT | −0.071% | +0.0301% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.065% | +0.0050% | 1h | $889K | $4.5M | 10x | as long as short |
| SoDEX MSTR-USD | −0.065% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.059% | +0.0177% | 1h | $56.8M | $31.3M | 10x | as long as short |
| BloFin MSTR-USDTshort | −0.040% | +0.0430% | 8h | $1.1M | $1.4M | 20x |