Spread before costs (cost unknown: a leg has no order-book sample)−0.012%
7d average−0.008%if it closes, per $10,000$1funding while held, a day−$12.43
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MSTR_USDC-PERPETUAL | 165.70 | 0.0414 | pay 0.0052% / 1h | 52m 27s | $282K | $488K | 10x |
| Short | Phemex MSTRUSDT | 165.68 | 0 | get 0.0000% / 4h | 1h 52m | $2.8M | $45K | 10x |
Deribit MSTR_USDC-PERPETUAL
Phemex MSTRUSDTPrice 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
- −$1.21
- Funding while held
- −$12.43
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$32.64
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: live order book, 48 min ago; Phemex: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0414%
- Per $10,000 a day
- −$12.43
- 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 Deribit live order book, 48 min ago | 5.72 bp | 9.2 bp −$9 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.11 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International164.72cheapestApeX Omni165.23+0.310%Variational Omni165.26+0.325%edgeX165.36+0.391%Phoenix165.60+0.533%Injective165.62+0.546%Ondo Perps165.63+0.552%
Coinbase International
ApeX Omni
Variational Omni
Phoenix
Injective
Ondo PerpsPhemex165.68+0.583%
SoDEX165.70+0.595%
SoDEXDeribit165.70+0.595%
Orderly165.75+0.625%BloFin165.75+0.625%Aevo165.76+0.630%Nado165.90+0.717%Aster166.00+0.778%Extended166.05+0.807%Pacifica166.08+0.823%tradeXYZ166.10+0.838%Paradex166.10+0.840%OKX166.11+0.844%Gate166.11+0.844%KuCoin166.12+0.850%Polymarket Perps166.12+0.850%Binance166.13+0.856%Bitget166.13+0.856%Lighter166.14+0.862%QFEX166.14+0.862%RISEx166.15+0.868%Arcus166.18+0.886%Bybit166.19+0.892%Vest166.19+0.892%
Orderly
BloFin
Aevo
Nado
Aster
Extended
Pacifica
tradeXYZ
Paradex
OKX
Gate
KuCoin
Polymarket Perps
Binance
Bitget
Lighter
QFEX
RISEx
Arcus
Bybit
VestMSTR 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 | −0.591% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.284% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Variational Omni MSTR | −0.268% | +0.0132% | 8h | $1.2M | $2.4M | — | as long as short |
| edgeX MSTRUSDC | −0.203% | +0.0141% | 4h | $44K | $5.2M | 10x | as long as short |
| Phoenix MSTR | −0.062% | +0.0237% | 1h | $54K | $384K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.048% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Ondo Perps MSTR-USD.P | −0.042% | +0.0050% | 1h | $775K | $4.7M | 10x | as long as short |
| Phemex MSTRUSDTshort | −0.012% | 0.0000% | 4h | $2.8M | $45K | 10x | |
| SoDEX MSTR-USD | 0.000% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUALlong | 0.000% | +0.0414% | 1h | $282K | $488K | 10x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSTR_USDC_mythos | +0.030% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | +0.030% | +0.0308% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Aevo MSTR-PERP | +0.034% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Nado MSTR-PERP | +0.121% | +0.0140% | 1h | $124K | $240K | 3x | as long as short |
| Aster MSTRUSDT | +0.182% | +0.0176% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.211% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| Pacifica MSTR | +0.227% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.241% | +0.0147% | 1h | $56.4M | $33.7M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.243% | +0.0107% | 8h | $66 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | +0.247% | +0.0150% | 8h | $22.0M | $102.2M | 50x | as long as short |
| Gate MSTR_USDT | +0.247% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.253% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Polymarket Perps MSTR-USD | +0.253% | +0.0067% | 1h | $400K | $2.3M | 10x | as long as short |
| Binance MSTRUSDT | +0.260% | +0.0188% | 8h | $88.2M | $592.8M | 50x | as long as short |
| Bitget MSTRUSDT | +0.260% | +0.0243% | 8h | $28.5M | $112.8M | 25x | as long as short |
| Lighter MSTR | +0.266% | +0.0096% | 1h | $3.5M | $2.6M | 10x | as long as short |
| QFEX MSTR-USD | +0.266% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| RISEx MSTR/USDC | +0.272% | 0.0000% | 1h | $286K | $464K | 10x | as long as short |
| Arcus MSTR-USD | +0.290% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Bybit MSTRUSDT | +0.296% | +0.0310% | 8h | $15.4M | $40.3M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.296% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |