Spread before costs (cost unknown: a leg has no order-book sample)−0.031%
7d average—if it closes, per $10,000$3funding while held, a day−$1.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MSTRUSDT | 166.48 | 0.0157 | pay 0.0157% / 8h | 5h 24m | $87.7M | $598.9M | 50x |
| Short | Aevo MSTR-PERP | 166.43 | 0.0104 | get 0.0013% / 1h | 24m 47s | $138 | — | 10x |
Binance MSTRUSDT
Aevo MSTR-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
- −$3.07
- Funding while held
- −$1.6
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$30.67
- Spread needed to break even
- 0.260%
Slippage unknown: Binance: live order book, 6 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0053%
- Per $10,000 a day
- −$1.60
- 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 Binance live order book, 6 min ago | 0.30 bp | 6.0 bp −$6 | 9.2 bp −$92 | 23.5 bp −$2,351 | 58.2 bp −$29.1K |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 International164.72cheapestApeX Omni166.03+0.795%Ondo Perps166.16+0.874%Phoenix166.17+0.878%edgeX166.17+0.881%Nado166.26+0.935%Pacifica166.40+1.017%Variational Omni166.40+1.018%Injective166.40+1.020%Extended166.41+1.023%KuCoin166.41+1.026%Polymarket Perps166.42+1.032%QFEX166.43+1.038%Gate166.43+1.038%
Coinbase International
ApeX Omni
Ondo Perps
Phoenix
Nado
Pacifica
Variational Omni
Injective
Extended
KuCoin
Polymarket Perps
QFEX
GateAevo166.43+1.039%
RISEx166.44+1.043%Paradex166.44+1.044%Orderly166.44+1.044%Phemex166.44+1.044%Aster166.47+1.060%Arcus166.48+1.068%
RISEx
Paradex
Orderly
Phemex
Aster
ArcusBinance166.48+1.070%
Bitget166.49+1.075%tradeXYZ166.50+1.081%OKX166.50+1.081%Lighter166.51+1.087%Vest166.54+1.105%SoDEX166.54+1.105%Bybit166.56+1.117%BloFin166.57+1.123%Deribit166.59+1.135%
Bitget
tradeXYZ
OKX
Lighter
Vest
SoDEX
Bybit
BloFin
DeribitMSTR 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 | −1.058% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.272% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.194% | +0.0050% | 1h | $777K | $4.7M | 10x | as long as short |
| Phoenix MSTR | −0.189% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| edgeX MSTRUSDC | −0.186% | +0.0514% | 4h | $45K | $5.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.133% | +0.0044% | 1h | $124K | $235K | 3x | as long as short |
| Pacifica MSTR | −0.052% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Variational Omni MSTR | −0.051% | +0.0103% | 8h | $1.2M | $2.4M | — | as long as short |
| Injective MSTR/USDC PERP | −0.049% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Extended MSTR_24_5-USD | −0.046% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | −0.043% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Polymarket Perps MSTR-USD | −0.037% | +0.0050% | 1h | $404K | $2.3M | 10x | as long as short |
| QFEX MSTR-USD | −0.031% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| Gate MSTR_USDT | −0.031% | 0.0000% | 8h | $4.8M | $18.7M | 50x | as long as short |
| Aevo MSTR-PERPshort | −0.031% | +0.0104% | 1h | $138 | — | 10x | |
| RISEx MSTR/USDC | −0.027% | 0.0000% | 1h | $286K | $469K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.025% | +0.0084% | 8h | $67 | — | 5x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.025% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Phemex MSTRUSDT | −0.025% | 0.0000% | 4h | $2.8M | $46K | 10x | as long as short |
| Aster MSTRUSDT | −0.009% | +0.0145% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Arcus MSTR-USD | −0.001% | +0.0553% | 1h | $27K | $122K | 10x | as long as short |
| Binance MSTRUSDTlong | 0.000% | +0.0157% | 8h | $87.7M | $598.9M | 50x | |
| Bitget MSTRUSDT | +0.005% | +0.0224% | 8h | $28.6M | $113.1M | 25x | as long as short |
| tradeXYZ xyz:MSTR | +0.011% | +0.0087% | 1h | $56.6M | $33.8M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.011% | +0.0121% | 8h | $22.2M | $102.6M | 50x | as long as short |
| Lighter MSTR | +0.017% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.035% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |
| SoDEX MSTR-USD | +0.035% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Bybit MSTRUSDT | +0.047% | +0.0276% | 8h | $15.5M | $40.3M | 50x | as long as short |
| BloFin MSTR-USDT | +0.053% | +0.0277% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.065% | +0.0471% | 1h | $283K | $483K | 10x | as long as short |