Spread before costs (cost unknown: a leg has no order-book sample)+0.178%
7d average−1.020%if it closes, per $10,000$18funding while held, a day−$10.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MSTRUSDT | 167.46 | 0.0404 | pay 0.0404% / 8h | 51m 27s | $1.3M | $5.9M | 50x |
| Short | Vest MSTR-USD-PERP | 167.76 | 0.0046 | get 0.0006% / 1h | 51m 27s | — | $1.4M | 25x |
Aster MSTRUSDT
Vest MSTR-USD-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
- $17.84
- Funding while held
- −$10.75
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$2.91
- Spread needed to break even
- 0.100%
Slippage unknown: Aster: live order book, 4 min ago; Vest: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0358%
- Per $10,000 a day
- −$10.75
- 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, 4 min ago | 0.60 bp | 6.7 bp −$7 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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%Phemex167.15+0.174%SoDEX167.17+0.186%Ondo Perps167.23+0.222%Deribit167.23+0.222%Aevo167.25+0.235%Phoenix167.26+0.239%Variational Omni167.32+0.275%edgeX167.36+0.300%BloFin167.45+0.354%Extended167.46+0.360%
Coinbase International
Injective
ApeX Omni
Phemex
SoDEX
Ondo Perps
Deribit
Aevo
Phoenix
Variational Omni
BloFin
ExtendedAster167.46+0.360%
Paradex167.50+0.382%Lighter167.50+0.384%Pacifica167.50+0.386%KuCoin167.53+0.402%Nado167.55+0.416%QFEX167.66+0.479%RISEx167.68+0.494%Polymarket Perps167.73+0.521%Arcus167.74+0.527%
Paradex
Lighter
Pacifica
KuCoin
Nado
QFEX
RISEx
Polymarket Perps
ArcusVest167.76+0.539%
tradeXYZ167.77+0.545%Gate167.77+0.545%Bitget167.80+0.563%Orderly167.84+0.587%Bybit167.88+0.611%Binance167.88+0.613%OKX167.89+0.617%
tradeXYZ
Gate
Bitget
Orderly
Bybit
Binance
OKXMSTR 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 | −0.359% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.311% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| ApeX Omni MSTRUSDT | −0.192% | +0.0100% | 1h | $133K | $2.4M | 50x | as long as short |
| Phemex MSTRUSDT | −0.186% | 0.0000% | 4h | $2.8M | $32K | 10x | as long as short |
| SoDEX MSTR-USD | −0.174% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.138% | +0.0050% | 1h | $915K | $4.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.138% | +0.0768% | 1h | $284K | $456K | 10x | as long as short |
| Aevo MSTR-PERP | −0.125% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Phoenix MSTR | −0.121% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| Variational Omni MSTR | −0.085% | +0.0317% | 8h | $1.3M | $2.2M | — | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MSTRUSDC | −0.060% | +0.0912% | 4h | $60K | $4.6M | 10x | as long as short |
| BloFin MSTR-USDT | −0.007% | +0.0505% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.001% | +0.0032% | 1h | $511K | $2.3M | 10x | as long as short |
| Aster MSTRUSDTlong | 0.000% | +0.0404% | 8h | $1.3M | $5.9M | 50x | |
| Paradex MSTR-USD-PERP | +0.022% | +0.0128% | 8h | $67 | — | 5x | as long as short |
| Lighter MSTR | +0.023% | +0.0128% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Pacifica MSTR | +0.026% | +0.0100% | 1h | $102K | $176K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.041% | +0.0177% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Nado MSTR-PERP | +0.055% | +0.0100% | 1h | $129K | $259K | 3x | as long as short |
| QFEX MSTR-USD | +0.119% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| RISEx MSTR/USDC | +0.133% | +0.0486% | 1h | $201K | $393K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.160% | +0.0117% | 1h | $411K | $2.0M | 10x | as long as short |
| Arcus MSTR-USD | +0.166% | +0.0705% | 1h | $27K | $122K | 10x | as long as short |
| Vest MSTR-USD-PERPshort | +0.178% | +0.0046% | 1h | — | $1.4M | 25x | |
| tradeXYZ xyz:MSTR | +0.184% | +0.0268% | 1h | $57.3M | $31.4M | 10x | as long as short |
| Gate MSTR_USDT | +0.184% | 0.0000% | 8h | $5.0M | $18.4M | 50x | as long as short |
| Bitget MSTRUSDT | +0.202% | +0.0378% | 8h | $29.0M | $109.4M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.226% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Bybit MSTRUSDT | +0.250% | +0.0229% | 8h | $15.9M | $42.5M | 50x | as long as short |
| Binance MSTRUSDT | +0.251% | +0.0384% | 8h | $89.6M | $526.3M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.256% | +0.0333% | 8h | $22.2M | $100.5M | 50x | as long as short |