Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average—if it closes, per $10,000$2funding while held, a day−$10.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MSTR-USD | 165.74 | 0.0599 | pay 0.0075% / 1h | 13m 06s | $27K | $119K | 10x |
| Short | Injective MSTR/USDC PERP | 165.77 | 0.0249 | get 0.0031% / 1h | 13m 06s | $12K | $68K | 30x |
Arcus MSTR-USD
Injective MSTR/USDC PERPPrice 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
- $1.81
- Funding while held
- −$10.52
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$13.23
- Spread needed to break even
- 0.045%
Slippage unknown: Arcus: live order book, 62 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0351%
- Per $10,000 a day
- −$10.52
- 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 Arcus live order book, 62 min ago | 6.61 bp | 12.9 bp −$13 | 40.1 bp −$401 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Nado165.51cheapestCoinbase International165.53+0.010%Phemex165.55+0.022%Extended165.56+0.028%BloFin165.58+0.040%KuCoin165.59+0.046%Lighter165.60+0.052%Aster165.61+0.057%Binance165.61+0.059%tradeXYZ165.62+0.065%Orderly165.62+0.065%Paradex165.63+0.069%SoDEX165.63+0.071%Deribit165.63+0.071%Polymarket Perps165.64+0.077%Aevo165.65+0.082%Gate165.65+0.083%ApeX Omni165.65+0.083%Vest165.65+0.083%Pacifica165.66+0.087%RISEx165.66+0.089%Bitget165.66+0.089%Bybit165.67+0.095%OKX165.68+0.101%Ondo Perps165.69+0.107%QFEX165.69+0.107%
Nado
Coinbase International
Phemex
Extended
BloFin
KuCoin
Lighter
Aster
Binance
tradeXYZ
Orderly
Paradex
SoDEX
Deribit
Polymarket Perps
Aevo
Gate
ApeX Omni
Vest
Pacifica
RISEx
Bitget
Bybit
OKX
Ondo Perps
QFEXArcus165.74+0.137%
Injective165.77+0.155%
edgeX165.81+0.182%Phoenix165.89+0.225%Variational Omni165.95+0.263%
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.137% | +0.0032% | 1h | $124K | $243K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.127% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Phemex MSTRUSDT | −0.115% | 0.0000% | 4h | $2.8M | $44K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.109% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| BloFin MSTR-USDT | −0.097% | +0.0314% | 8h | $1.1M | $1.6M | 20x | as long as short |
| KuCoin MSTRUSDTM | −0.091% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Lighter MSTR | −0.084% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Aster MSTRUSDT | −0.080% | +0.0186% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Binance MSTRUSDT | −0.078% | +0.0194% | 8h | $88.2M | $588.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.072% | +0.0104% | 1h | $56.1M | $32.8M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSTR_USDC_mythos | −0.072% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.068% | +0.0091% | 8h | $66 | — | 5x | as long as short |
| SoDEX MSTR-USD | −0.066% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.066% | +0.0475% | 1h | $283K | $485K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.060% | +0.0050% | 1h | $402K | $2.3M | 10x | as long as short |
| Aevo MSTR-PERP | −0.055% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| Gate MSTR_USDT | −0.054% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.054% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.054% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Pacifica MSTR | −0.050% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| RISEx MSTR/USDC | −0.048% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| Bitget MSTRUSDT | −0.048% | +0.0239% | 8h | $28.5M | $112.5M | 25x | as long as short |
| Bybit MSTRUSDT | −0.042% | +0.0206% | 8h | $15.3M | $41.8M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.036% | +0.0163% | 8h | $22.2M | $102.1M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.030% | +0.0050% | 1h | $778K | $4.7M | 10x | as long as short |
| QFEX MSTR-USD | −0.030% | +0.0041% | 1h | $1.4M | $9.6M | 10x | as long as short |
| Arcus MSTR-USDlong | 0.000% | +0.0599% | 1h | $27K | $119K | 10x | |
| Injective MSTR/USDC PERPshort | +0.018% | +0.0249% | 1h | $12K | $68K | 30x | |
| edgeX MSTRUSDC | +0.045% | +0.0288% | 4h | $50K | $5.2M | 10x | as long as short |
| Phoenix MSTR | +0.088% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| Variational Omni MSTR | +0.126% | +0.0133% | 8h | $1.2M | $2.3M | — | as long as short |