Spread before costs (cost unknown: a leg has no order-book sample)−0.092%
7d average—if it closes, per $10,000$9funding while held, a day−$2.60
| 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 | 30m 34s | $138 | — | 10x |
| Short | RISEx MSTR/USDC | 165.99 | 0.0017 | get 0.0002% / 1h | 30m 34s | $285K | $470K | 10x |
Aevo MSTR-PERP
RISEx MSTR/USDCPrice 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
- −$9.16
- Funding while held
- −$2.6
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$33.75
- Spread needed to break even
- 0.220%
Slippage unknown: Aevo: no order-book sample; RISEx: live order book, 9 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0087%
- Per $10,000 a day
- −$2.60
- 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 RISEx live order book, 9 min ago | 1.20 bp | 4.8 bp −$5 | 7.1 bp −$71 | 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 International165.79cheapestExtended165.88+0.054%tradeXYZ165.91+0.072%Binance165.95+0.098%Lighter165.96+0.103%Pacifica165.96+0.105%Paradex165.97+0.106%OKX165.97+0.109%KuCoin165.97+0.109%Bitget165.99+0.121%
Coinbase International
Extended
tradeXYZ
Binance
Lighter
Pacifica
Paradex
OKX
KuCoin
BitgetRISEx165.99+0.121%
Aster166.01+0.131%Bybit166.01+0.133%QFEX166.01+0.133%Gate166.03+0.145%Arcus166.06+0.163%SoDEX166.08+0.175%Phemex166.08+0.175%Orderly166.12+0.199%BloFin166.12+0.199%
Aster
Bybit
QFEX
Gate
Arcus
SoDEX
Phemex
Orderly
BloFinAevo166.14+0.213%
Deribit166.19+0.241%Injective166.20+0.247%Polymarket Perps166.21+0.253%ApeX Omni166.23+0.265%Nado166.25+0.278%Vest166.29+0.302%Phoenix166.35+0.335%Ondo Perps166.38+0.356%edgeX166.42+0.381%Variational Omni166.45+0.401%
Deribit
Injective
Polymarket Perps
ApeX Omni
Nado
Vest
Phoenix
Ondo Perps
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 | −0.212% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.158% | +0.0032% | 1h | $493K | $2.0M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.140% | +0.0050% | 1h | $56.2M | $32.1M | 10x | as long as short |
| Binance MSTRUSDT | −0.115% | +0.0205% | 8h | $88.3M | $579.3M | 50x | as long as short |
| Lighter MSTR | −0.110% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Pacifica MSTR | −0.108% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.107% | +0.0069% | 8h | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | −0.104% | +0.0168% | 8h | $22.2M | $102.4M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.104% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Bitget MSTRUSDT | −0.092% | +0.0236% | 8h | $28.6M | $112.1M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| RISEx MSTR/USDCshort | −0.092% | +0.0017% | 1h | $285K | $470K | 10x | |
| Aster MSTRUSDT | −0.082% | +0.0203% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Bybit MSTRUSDT | −0.080% | +0.0141% | 8h | $15.4M | $41.7M | 50x | as long as short |
| QFEX MSTR-USD | −0.080% | +0.0041% | 1h | $1.3M | $9.5M | 10x | as long as short |
| Gate MSTR_USDT | −0.068% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| Arcus MSTR-USD | −0.050% | +0.0599% | 1h | $27K | $130K | 10x | as long as short |
| SoDEX MSTR-USD | −0.038% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Phemex MSTRUSDT | −0.038% | 0.0000% | 4h | $2.8M | $43K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.014% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | −0.014% | +0.0326% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Aevo MSTR-PERPlong | 0.000% | +0.0104% | 1h | $138 | — | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.028% | +0.0593% | 1h | $282K | $455K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.034% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Polymarket Perps MSTR-USD | +0.040% | +0.0050% | 1h | $403K | $2.3M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.052% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Nado MSTR-PERP | +0.065% | −0.0046% | 1h | $124K | $243K | 3x | as long as short |
| Vest MSTR-USD-PERP | +0.089% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Phoenix MSTR | +0.122% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.143% | +0.0050% | 1h | $755K | $4.7M | 10x | as long as short |
| edgeX MSTRUSDC | +0.167% | +0.0581% | 4h | $45K | $5.1M | 10x | as long as short |
| Variational Omni MSTR | +0.187% | +0.0149% | 8h | $1.2M | $2.2M | — | as long as short |