Spread before costs (cost unknown: a leg has no order-book sample)−0.036%
7d average—if it closes, per $10,000$4funding while held, a day−$1.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MSTR-PERP | 166.10 | 0.0104 | pay 0.0013% / 1h | 10m 48s | $138 | — | 10x |
| Short | Ondo Perps MSTR-USD.P | 166.04 | 0.0050 | get 0.0006% / 1h | 10m 48s | $777K | $4.7M | 10x |
Aevo MSTR-PERP
Ondo Perps MSTR-USD.PPrice 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
- −$3.58
- Funding while held
- −$1.61
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$26.19
- Spread needed to break even
- 0.210%
Slippage unknown: Aevo: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0054%
- Per $10,000 a day
- −$1.61
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
Aevo and Ondo Perps: 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 International164.72cheapestExtended165.95+0.747%Nado165.96+0.752%
Coinbase International
Extended
NadoOndo Perps166.04+0.801%
Gate166.07+0.820%Phoenix166.07+0.820%Orderly166.07+0.820%BloFin166.07+0.820%Vest166.08+0.826%Polymarket Perps166.08+0.826%Aster166.09+0.831%KuCoin166.09+0.832%RISEx166.09+0.835%
Gate
Phoenix
Orderly
BloFin
Vest
Polymarket Perps
Aster
KuCoin
RISExAevo166.10+0.837%
Pacifica166.11+0.842%tradeXYZ166.11+0.844%Lighter166.11+0.844%Paradex166.12+0.847%SoDEX166.12+0.850%QFEX166.13+0.856%Phemex166.13+0.856%Bitget166.14+0.862%Binance166.15+0.868%OKX166.15+0.868%Arcus166.15+0.868%Deribit166.18+0.886%edgeX166.20+0.900%Bybit166.23+0.917%ApeX Omni166.24+0.923%Injective166.28+0.947%Variational Omni166.31+0.966%
Pacifica
tradeXYZ
Lighter
Paradex
SoDEX
QFEX
Phemex
Bitget
Binance
OKX
Arcus
Deribit
Bybit
ApeX Omni
Injective
Variational OmniMSTR 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 | −0.830% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.090% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.085% | +0.0021% | 1h | $124K | $229K | 3x | as long as short |
| Ondo Perps MSTR-USD.Pshort | −0.036% | +0.0050% | 1h | $777K | $4.7M | 10x | |
| Gate MSTR_USDT | −0.018% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| Phoenix MSTR | −0.018% | +0.0237% | 1h | $56K | $384K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.018% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | −0.018% | +0.0263% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Vest MSTR-USD-PERP | −0.012% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |
| Polymarket Perps MSTR-USD | −0.012% | +0.0050% | 1h | $405K | $2.4M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | −0.006% | +0.0126% | 8h | $1.3M | $6.1M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.006% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| RISEx MSTR/USDC | −0.003% | 0.0000% | 1h | $286K | $469K | 10x | as long as short |
| Aevo MSTR-PERPlong | 0.000% | +0.0104% | 1h | $138 | — | 10x | |
| Pacifica MSTR | +0.005% | +0.0100% | 1h | $101K | $152K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.006% | +0.0091% | 1h | $56.4M | $34.0M | 10x | as long as short |
| Lighter MSTR | +0.006% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.009% | +0.0077% | 8h | $66 | — | 5x | as long as short |
| SoDEX MSTR-USD | +0.012% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| QFEX MSTR-USD | +0.018% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| Phemex MSTRUSDT | +0.018% | 0.0000% | 4h | $2.8M | $47K | 10x | as long as short |
| Bitget MSTRUSDT | +0.024% | +0.0220% | 8h | $28.5M | $113.3M | 25x | as long as short |
| Binance MSTRUSDT | +0.030% | +0.0142% | 8h | $87.5M | $599.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.030% | +0.0111% | 8h | $22.1M | $102.4M | 50x | as long as short |
| Arcus MSTR-USD | +0.030% | +0.0553% | 1h | $27K | $122K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.049% | +0.0714% | 1h | $282K | $481K | 10x | as long as short |
| edgeX MSTRUSDC | +0.062% | +0.0644% | 4h | $45K | $5.2M | 10x | as long as short |
| Bybit MSTRUSDT | +0.079% | +0.0284% | 8h | $15.4M | $40.3M | 50x | as long as short |
| ApeX Omni MSTRUSDT | +0.085% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.109% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Variational Omni MSTR | +0.127% | +0.0091% | 8h | $1.2M | $2.4M | — | as long as short |