Spread before costs (cost unknown: a leg has no order-book sample)+0.015%
7d average+0.037%if it closes, per $10,000$1funding while held, a day−$7.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 166.99 | 0.0254 | pay 0.0254% / 8h | 6h 58m | $1.3M | $6.0M | 50x |
| Short | Phemex MSTRUSDT | 167.01 | 0 | get 0.0000% / 4h | 2h 58m | $2.8M | $41K | 10x |
Aster MSTRUSDT
Phemex 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
- $1.49
- Funding while held
- −$7.61
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$26.12
- Spread needed to break even
- 0.200%
Slippage unknown: Aster: live order book, 2 min ago; Phemex: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0254%
- Per $10,000 a day
- −$7.61
- 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 Aster live order book, 2 min ago | 1.79 bp | 11.2 bp −$11 | 37.9 bp −$379 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.39 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps166.94cheapestNado166.95+0.008%
Ondo Perps
NadoAster166.99+0.027%
Extended166.99+0.027%Polymarket Perps167.00+0.036%
Extended
Polymarket PerpsPhemex167.01+0.042%
Lighter167.02+0.048%KuCoin167.02+0.048%Orderly167.02+0.048%SoDEX167.02+0.048%Aevo167.02+0.049%Pacifica167.04+0.058%Paradex167.04+0.059%BloFin167.04+0.060%tradeXYZ167.05+0.066%ApeX Omni167.05+0.066%Binance167.05+0.068%Injective167.08+0.084%Deribit167.08+0.084%RISEx167.09+0.090%Gate167.09+0.090%Bybit167.10+0.096%OKX167.10+0.096%Bitget167.11+0.102%Arcus167.12+0.108%QFEX167.12+0.108%Vest167.13+0.114%Variational Omni167.16+0.132%Phoenix167.16+0.132%edgeX167.16+0.135%Coinbase International167.24+0.180%
Lighter
KuCoin
Orderly
SoDEX
Aevo
Pacifica
Paradex
BloFin
tradeXYZ
ApeX Omni
Binance
Injective
Deribit
RISEx
Gate
Bybit
OKX
Bitget
Arcus
QFEX
Vest
Variational Omni
Phoenix
Coinbase InternationalMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.027% | +0.0050% | 1h | $826K | $4.6M | 10x | as long as short |
| Nado MSTR-PERP | −0.019% | −0.0094% | 1h | $126K | $247K | 3x | as long as short |
| Aster MSTRUSDTlong | 0.000% | +0.0254% | 8h | $1.3M | $6.0M | 50x | |
| Extended MSTR_24_5-USD | 0.000% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.009% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Phemex MSTRUSDTshort | +0.015% | 0.0000% | 4h | $2.8M | $41K | 10x | |
| Lighter MSTR | +0.021% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.021% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.021% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| SoDEX MSTR-USD | +0.021% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo MSTR-PERP | +0.022% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Pacifica MSTR | +0.030% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.032% | +0.0083% | 8h | $67 | — | 5x | as long as short |
| BloFin MSTR-USDT | +0.033% | +0.0373% | 8h | $1.1M | $1.5M | 20x | as long as short |
| tradeXYZ xyz:MSTR | +0.039% | +0.0147% | 1h | $57.1M | $32.0M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.039% | +0.0100% | 1h | $130K | $1.6M | 50x | as long as short |
| Binance MSTRUSDT | +0.041% | +0.0251% | 8h | $91.4M | $566.9M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.057% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.057% | +0.0409% | 1h | $284K | $455K | 10x | as long as short |
| RISEx MSTR/USDC | +0.062% | +0.0017% | 1h | $296K | $467K | 10x | as long as short |
| Gate MSTR_USDT | +0.063% | 0.0000% | 8h | $4.9M | $18.2M | 50x | as long as short |
| Bybit MSTRUSDT | +0.069% | +0.0267% | 8h | $15.5M | $41.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.069% | +0.0216% | 8h | $22.6M | $101.7M | 50x | as long as short |
| Bitget MSTRUSDT | +0.075% | +0.0278% | 8h | $28.8M | $111.7M | 25x | as long as short |
| Arcus MSTR-USD | +0.081% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| QFEX MSTR-USD | +0.081% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.087% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Variational Omni MSTR | +0.105% | +0.0207% | 8h | $1.3M | $2.3M | — | as long as short |
| Phoenix MSTR | +0.105% | +0.0226% | 1h | $56K | $379K | 10x | as long as short |
| edgeX MSTRUSDC | +0.108% | +0.0616% | 4h | $49K | $5.0M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.153% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |