Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average—if it closes, per $10,000$0funding while held, a day−$11.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MSTR-USDT | 166.23 | 0.0423 | pay 0.0423% / 8h | 7h 36m | $1.1M | $1.4M | 20x |
| Short | SoDEX MSTR-USD | 166.23 | 0.0050 | get 0.0006% / 1h | 36m 52s | $44K | $3K | 10x |
BloFin MSTR-USDT
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
- $0
- Funding while held
- −$11.2
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$31.2
- Spread needed to break even
- 0.200%
Slippage unknown: BloFin: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0373%
- Per $10,000 a day
- −$11.20
- 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 BloFin live order book, 2 min ago | 0.30 bp | 9.2 bp −$9 | 12.0 bp −$120 | 26.6 bp −$2,665 | 55.0 bp −$27.5K |
| 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.Ondo Perps165.80cheapestNado165.95+0.091%Vest165.98+0.109%Pacifica166.03+0.141%Paradex166.05+0.148%Phoenix166.06+0.158%Variational Omni166.08+0.170%Extended166.09+0.178%edgeX166.11+0.185%ApeX Omni166.12+0.193%Polymarket Perps166.12+0.193%Arcus166.13+0.199%Coinbase International166.13+0.199%QFEX166.14+0.205%RISEx166.14+0.205%Injective166.15+0.211%Orderly166.16+0.217%tradeXYZ166.17+0.223%OKX166.21+0.247%Gate166.21+0.247%KuCoin166.21+0.247%Phemex166.21+0.247%Binance166.22+0.253%Lighter166.23+0.259%Bitget166.23+0.259%
Ondo Perps
Nado
Vest
Pacifica
Paradex
Phoenix
Variational Omni
Extended
ApeX Omni
Polymarket Perps
Arcus
Coinbase International
QFEX
RISEx
Injective
Orderly
tradeXYZ
OKX
Gate
KuCoin
Phemex
Binance
Lighter
BitgetSoDEX166.23+0.259%
BloFin166.23+0.259%
Aevo166.23+0.261%Aster166.24+0.265%Deribit166.28+0.290%Bybit166.29+0.296%
Aevo
Aster
Deribit
BybitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.259% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Nado MSTR-PERP | −0.167% | +0.0136% | 1h | $125K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERP | −0.150% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Pacifica MSTR | −0.119% | +0.0100% | 1h | $101K | $152K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.111% | +0.0109% | 8h | $66 | — | 5x | as long as short |
| Phoenix MSTR | −0.101% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Variational Omni MSTR | −0.089% | +0.0254% | 8h | $1.2M | $2.2M | — | as long as short |
| Extended MSTR_24_5-USD | −0.081% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| edgeX MSTRUSDC | −0.074% | +0.0205% | 4h | $45K | $4.9M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.066% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | −0.066% | +0.0050% | 1h | $409K | $2.3M | 10x | as long as short |
| Arcus MSTR-USD | −0.060% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.060% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| QFEX MSTR-USD | −0.054% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| RISEx MSTR/USDC | −0.054% | +0.0277% | 1h | $293K | $478K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.048% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.042% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.036% | +0.0161% | 1h | $56.7M | $31.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.012% | +0.0265% | 8h | $22.3M | $100.9M | 50x | as long as short |
| Gate MSTR_USDT | −0.012% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.012% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Phemex MSTRUSDT | −0.012% | 0.0000% | 4h | $2.8M | $39K | 10x | as long as short |
| Binance MSTRUSDT | −0.006% | +0.0303% | 8h | $89.7M | $555.4M | 50x | as long as short |
| Lighter MSTR | 0.000% | +0.0056% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Bitget MSTRUSDT | 0.000% | +0.0323% | 8h | $29.0M | $110.8M | 25x | as long as short |
| SoDEX MSTR-USDshort | 0.000% | +0.0050% | 1h | $44K | $3K | 10x | |
| BloFin MSTR-USDTlong | 0.000% | +0.0423% | 8h | $1.1M | $1.4M | 20x | |
| Aevo MSTR-PERP | +0.002% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Aster MSTRUSDT | +0.006% | +0.0297% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.030% | +0.0773% | 1h | $283K | $454K | 10x | as long as short |
| Bybit MSTRUSDT | +0.036% | +0.0403% | 8h | $15.4M | $41.7M | 50x | as long as short |