After costs, if the gap returns to its 7d average, $10k−$5
spread now+0.315%7d average+0.026%fees + slippage, in and out−$34spread needed0.339%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 166.69 | 0.0321 | pay 0.0321% / 8h | 5m 26s | $1.3M | $5.9M | 50x |
| Short | Phoenix MSTR | 167.22 | 0.0216 | get 0.0027% / 1h | 5m 26s | $54K | $364K | 10x |
Aster MSTRUSDT
Phoenix MSTRPrice 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
- $31.52
- Funding while held
- −$3.16
- Slippage, 4 orders
- −$18.94
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$5.58
- Spread needed to break even
- 0.339%
Slippage from Aster: live order book, 5 min ago; Phoenix: live order book, 43 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0105%
- Per $10,000 a day
- −$3.16
- 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, 5 min ago | 1.20 bp | 6.8 bp −$7 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 43 min ago | 4.52 bp | 11.6 bp −$12 | 21.9 bp −$219 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective166.50cheapestApeX Omni166.53+0.018%Extended166.59+0.057%BloFin166.62+0.072%Binance166.62+0.075%tradeXYZ166.65+0.090%Orderly166.65+0.090%KuCoin166.68+0.108%Bitget166.69+0.114%
Injective
ApeX Omni
Extended
BloFin
Binance
tradeXYZ
Orderly
KuCoin
BitgetAster166.69+0.117%
Gate166.70+0.120%Aevo166.70+0.123%Bybit166.71+0.126%Polymarket Perps166.72+0.132%OKX166.73+0.138%Ondo Perps166.73+0.138%Vest166.73+0.138%Paradex166.73+0.139%Pacifica166.74+0.142%QFEX166.74+0.144%RISEx166.76+0.159%Lighter166.79+0.174%edgeX166.79+0.175%Coinbase International166.80+0.180%Phemex166.82+0.192%Arcus166.85+0.210%SoDEX166.88+0.228%Variational Omni166.93+0.257%Deribit166.98+0.288%Nado167.00+0.297%
Gate
Aevo
Bybit
Polymarket Perps
OKX
Ondo Perps
Vest
Paradex
Pacifica
QFEX
RISEx
Lighter
Coinbase International
Phemex
Arcus
SoDEX
Variational Omni
Deribit
NadoPhoenix167.22+0.432%
MSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.117% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| ApeX Omni MSTRUSDT | −0.099% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Extended MSTR_24_5-USD | −0.060% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| BloFin MSTR-USDT | −0.045% | +0.0444% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Binance MSTRUSDT | −0.042% | +0.0317% | 8h | $89.0M | $545.5M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.027% | +0.0164% | 1h | $56.7M | $31.5M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.027% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.009% | +0.0104% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Bitget MSTRUSDT | −0.003% | +0.0327% | 8h | $28.8M | $110.8M | 25x | as long as short |
| Aster MSTRUSDTlong | 0.000% | +0.0321% | 8h | $1.3M | $5.9M | 50x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MSTR_USDT | +0.003% | 0.0000% | 8h | $4.9M | $19.2M | 50x | as long as short |
| Aevo MSTR-PERP | +0.006% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.009% | +0.0229% | 8h | $15.5M | $43.3M | 50x | as long as short |
| Polymarket Perps MSTR-USD | +0.015% | +0.0050% | 1h | $403K | $2.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.021% | +0.0266% | 8h | $22.2M | $101.5M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.021% | +0.0050% | 1h | $845K | $4.6M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.021% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Paradex MSTR-USD-PERP | +0.022% | +0.0097% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | +0.025% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| QFEX MSTR-USD | +0.027% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| RISEx MSTR/USDC | +0.042% | +0.0486% | 1h | $297K | $476K | 10x | as long as short |
| Lighter MSTR | +0.057% | +0.0048% | 1h | $3.6M | $2.9M | 10x | as long as short |
| edgeX MSTRUSDC | +0.058% | +0.0892% | 4h | $37K | $4.8M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.063% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Phemex MSTRUSDT | +0.075% | 0.0000% | 4h | $2.8M | $37K | 10x | as long as short |
| Arcus MSTR-USD | +0.093% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| SoDEX MSTR-USD | +0.111% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Variational Omni MSTR | +0.140% | +0.0256% | 8h | $1.3M | $2.2M | — | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.171% | +0.0469% | 1h | $284K | $452K | 10x | as long as short |
| Nado MSTR-PERP | +0.180% | +0.0017% | 1h | $128K | $257K | 3x | as long as short |
| Phoenix MSTRshort | +0.315% | +0.0216% | 1h | $54K | $364K | 10x |