Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average—if it closes, per $10,000$3funding while held, a day−$10.69
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 167.86 | 0.0406 | pay 0.0406% / 8h | 50m 25s | $1.3M | $5.9M | 50x |
| Short | SoDEX MSTR-USD | 167.91 | 0.0050 | get 0.0006% / 1h | 50m 25s | $44K | $3K | 10x |
Aster MSTRUSDT
SoDEX MSTR-USDPrice 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
- $3.03
- Funding while held
- −$10.69
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$23.66
- Spread needed to break even
- 0.160%
Slippage unknown: Aster: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0356%
- Per $10,000 a day
- −$10.69
- 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 | 0.60 bp | 6.7 bp −$7 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 International166.86cheapestInjective166.94+0.048%ApeX Omni167.14+0.168%Ondo Perps167.23+0.222%Phoenix167.26+0.239%edgeX167.36+0.300%Variational Omni167.40+0.326%Phemex167.48+0.372%Nado167.55+0.416%Extended167.62+0.455%tradeXYZ167.64+0.467%Paradex167.73+0.522%Pacifica167.74+0.526%QFEX167.76+0.539%Gate167.77+0.545%Bitget167.77+0.545%Polymarket Perps167.77+0.545%Lighter167.80+0.563%OKX167.80+0.563%KuCoin167.82+0.575%Binance167.83+0.581%Orderly167.84+0.587%
Coinbase International
Injective
ApeX Omni
Ondo Perps
Phoenix
Variational Omni
Phemex
Nado
Extended
tradeXYZ
Paradex
Pacifica
QFEX
Gate
Bitget
Polymarket Perps
Lighter
OKX
KuCoin
Binance
OrderlyAster167.86+0.599%
Arcus167.86+0.599%Aevo167.87+0.606%RISEx167.89+0.614%Bybit167.89+0.617%Vest167.91+0.629%
Arcus
Aevo
RISEx
Bybit
VestSoDEX167.91+0.629%
Deribit167.93+0.641%BloFin167.95+0.653%
Deribit
BloFinMSTR 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 | −0.595% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.548% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| ApeX Omni MSTRUSDT | −0.428% | +0.0100% | 1h | $133K | $2.4M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.375% | +0.0050% | 1h | $915K | $4.6M | 10x | as long as short |
| Phoenix MSTR | −0.357% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| edgeX MSTRUSDC | −0.297% | +0.0912% | 4h | $60K | $4.6M | 10x | as long as short |
| Variational Omni MSTR | −0.271% | +0.0316% | 8h | $1.3M | $2.2M | — | as long as short |
| Phemex MSTRUSDT | −0.226% | 0.0000% | 4h | $2.8M | $32K | 10x | as long as short |
| Nado MSTR-PERP | −0.182% | +0.0100% | 1h | $129K | $259K | 3x | as long as short |
| Extended MSTR_24_5-USD | −0.142% | +0.0048% | 1h | $511K | $2.3M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.131% | +0.0271% | 1h | $57.2M | $31.5M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.076% | +0.0131% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | −0.073% | +0.0100% | 1h | $103K | $176K | 10x | as long as short |
| QFEX MSTR-USD | −0.059% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| Gate MSTR_USDT | −0.053% | 0.0000% | 8h | $5.0M | $18.4M | 50x | as long as short |
| Bitget MSTRUSDT | −0.053% | +0.0380% | 8h | $28.9M | $109.5M | 25x | as long as short |
| Polymarket Perps MSTR-USD | −0.053% | +0.0120% | 1h | $411K | $2.0M | 10x | as long as short |
| Lighter MSTR | −0.035% | +0.0144% | 1h | $3.6M | $2.9M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.035% | +0.0333% | 8h | $22.2M | $100.5M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.023% | +0.0178% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Binance MSTRUSDT | −0.017% | +0.0386% | 8h | $89.5M | $526.7M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.011% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Aster MSTRUSDTlong | 0.000% | +0.0406% | 8h | $1.3M | $5.9M | 50x | |
| Arcus MSTR-USD | +0.001% | +0.0705% | 1h | $27K | $122K | 10x | as long as short |
| Aevo MSTR-PERP | +0.007% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| RISEx MSTR/USDC | +0.016% | +0.0486% | 1h | $201K | $393K | 10x | as long as short |
| Bybit MSTRUSDT | +0.018% | +0.0229% | 8h | $15.9M | $42.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.030% | +0.0046% | 1h | — | $1.4M | 25x | as long as short |
| SoDEX MSTR-USDshort | +0.030% | +0.0050% | 1h | $44K | $3K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.042% | +0.1062% | 1h | $285K | $456K | 10x | as long as short |
| BloFin MSTR-USDT | +0.054% | +0.0504% | 8h | $1.1M | $1.4M | 20x | as long as short |