Spread before costs (cost unknown: a leg has no order-book sample)−0.060%
7d average—if it closes, per $10,000$6funding while held, a day−$5.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MSTRUSDT | 167.24 | 0.0294 | pay 0.0294% / 8h | 7h 05m | $28.8M | $111.5M | 25x |
| Short | Orderly PERP_MSTR_USDC_mythos | 167.14 | 0.0100 | get 0.0100% / 8h | 7h 05m | $3K | $12K | 10x |
Bitget MSTRUSDT
Orderly PERP_MSTR_USDC_mythosPrice 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
- −$5.98
- Funding while held
- −$5.82
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$29.8
- Spread needed to break even
- 0.180%
Slippage unknown: Bitget: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0194%
- Per $10,000 a day
- −$5.82
- 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 Bitget live order book, 5 min ago | 0.30 bp | 8.8 bp −$9 | 13.1 bp −$131 | 36.2 bp −$3,622 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective165.38cheapestOndo Perps166.99+0.974%Extended167.06+1.014%Lighter167.11+1.046%SoDEX167.11+1.046%BloFin167.11+1.046%ApeX Omni167.12+1.052%
Injective
Ondo Perps
Extended
Lighter
SoDEX
BloFin
ApeX OmniOrderly167.14+1.064%
KuCoin167.15+1.070%Phemex167.15+1.070%Aevo167.15+1.071%Aster167.16+1.074%Variational Omni167.17+1.082%Nado167.18+1.085%Gate167.20+1.100%Deribit167.20+1.100%Binance167.20+1.101%Arcus167.22+1.113%Pacifica167.23+1.120%Bybit167.24+1.125%
KuCoin
Phemex
Aevo
Aster
Variational Omni
Nado
Gate
Deribit
Binance
Arcus
Pacifica
BybitBitget167.24+1.125%
Coinbase International167.24+1.125%tradeXYZ167.25+1.131%OKX167.25+1.131%QFEX167.25+1.131%Polymarket Perps167.26+1.137%RISEx167.28+1.146%Phoenix167.28+1.146%Paradex167.28+1.151%Vest167.34+1.185%edgeX167.38+1.210%
Coinbase International
tradeXYZ
OKX
QFEX
Polymarket Perps
RISEx
Phoenix
Paradex
VestMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −1.112% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | −0.149% | +0.0050% | 1h | $848K | $4.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.109% | +0.0032% | 1h | $497K | $2.1M | 10x | as long as short |
| Lighter MSTR | −0.078% | +0.0032% | 1h | $3.6M | $2.8M | 10x | as long as short |
| SoDEX MSTR-USD | −0.078% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| BloFin MSTR-USDT | −0.078% | +0.0389% | 8h | $1.1M | $1.5M | 20x | as long as short |
| ApeX Omni MSTRUSDT | −0.072% | +0.0100% | 1h | $130K | $1.7M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | −0.060% | +0.0100% | 8h | $3K | $12K | 10x | |
| KuCoin MSTRUSDTM | −0.054% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Phemex MSTRUSDT | −0.054% | 0.0000% | 4h | $2.8M | $41K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo MSTR-PERP | −0.053% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Aster MSTRUSDT | −0.050% | +0.0267% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Variational Omni MSTR | −0.042% | +0.0216% | 8h | $1.3M | $2.3M | — | as long as short |
| Nado MSTR-PERP | −0.039% | +0.0090% | 1h | $126K | $251K | 3x | as long as short |
| Gate MSTR_USDT | −0.024% | 0.0000% | 8h | $4.9M | $19.2M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.024% | +0.0468% | 1h | $284K | $455K | 10x | as long as short |
| Binance MSTRUSDT | −0.023% | +0.0269% | 8h | $91.7M | $565.2M | 50x | as long as short |
| Arcus MSTR-USD | −0.012% | +0.0612% | 1h | $26K | $128K | 10x | as long as short |
| Pacifica MSTR | −0.004% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Bybit MSTRUSDT | 0.000% | +0.0309% | 8h | $15.5M | $41.4M | 50x | as long as short |
| Bitget MSTRUSDTlong | 0.000% | +0.0294% | 8h | $28.8M | $111.5M | 25x | |
| Coinbase International MSTR-PERP-INTX | 0.000% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.006% | +0.0129% | 1h | $57.1M | $32.0M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.006% | +0.0228% | 8h | $22.7M | $101.6M | 50x | as long as short |
| QFEX MSTR-USD | +0.006% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.012% | +0.0050% | 1h | $406K | $2.3M | 10x | as long as short |
| RISEx MSTR/USDC | +0.021% | +0.0277% | 1h | $301K | $466K | 10x | as long as short |
| Phoenix MSTR | +0.021% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.026% | +0.0088% | 8h | $67 | — | 5x | as long as short |
| Vest MSTR-USD-PERP | +0.060% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| edgeX MSTRUSDC | +0.085% | +0.0262% | 4h | $49K | $5.0M | 10x | as long as short |