Spread before costs (cost unknown: a leg has no order-book sample)−0.058%
7d average—if it closes, per $10,000$6funding while held, a day−$24.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MSTRUSDC | 166.86 | 0.0876 | pay 0.0438% / 4h | 2h 45m | $50K | $5.0M | 10x |
| Short | Paradex MSTR-USD-PERP | 166.76 | 0.0074 | get 0.0074% / 8h | 6h 45m | $67 | — | 5x |
Paradex 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
- −$5.75
- Funding while held
- −$24.04
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$42.79
- Spread needed to break even
- 0.130%
Slippage unknown: edgeX: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0801%
- Per $10,000 a day
- −$24.04
- 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 edgeX live order book, 5 min ago | 5.40 bp | 10.5 bp −$10 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 International166.53cheapestOndo Perps166.66+0.078%Extended166.71+0.108%QFEX166.76+0.138%
Coinbase International
Ondo Perps
Extended
QFEXParadex166.76+0.140%
RISEx166.78+0.150%Pacifica166.79+0.154%Bitget166.79+0.156%Aster166.81+0.168%Lighter166.81+0.168%KuCoin166.81+0.168%Gate166.82+0.174%Orderly166.82+0.174%Binance166.82+0.174%Nado166.82+0.175%tradeXYZ166.84+0.186%OKX166.84+0.186%Polymarket Perps166.84+0.186%Aevo166.86+0.197%Arcus166.86+0.198%SoDEX166.87+0.204%Phemex166.87+0.204%Bybit166.89+0.216%Vest166.92+0.234%ApeX Omni166.93+0.240%Deribit166.94+0.246%Phoenix166.99+0.277%BloFin167.01+0.288%Variational Omni167.02+0.295%Injective167.08+0.330%
RISEx
Pacifica
Bitget
Aster
Lighter
KuCoin
Gate
Orderly
Binance
Nado
tradeXYZ
OKX
Polymarket Perps
Aevo
Arcus
SoDEX
Phemex
Bybit
Vest
ApeX Omni
Deribit
Phoenix
BloFin
Variational Omni
InjectiveMSTR 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 | −0.197% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.119% | +0.0050% | 1h | $817K | $4.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.090% | +0.0032% | 1h | $495K | $2.0M | 10x | as long as short |
| QFEX MSTR-USD | −0.060% | +0.0041% | 1h | $1.3M | $9.5M | 10x | as long as short |
| Paradex MSTR-USD-PERPshort | −0.058% | +0.0074% | 8h | $67 | — | 5x | |
| RISEx MSTR/USDC | −0.048% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
| Pacifica MSTR | −0.043% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Bitget MSTRUSDT | −0.042% | +0.0257% | 8h | $28.7M | $111.6M | 25x | as long as short |
| Aster MSTRUSDT | −0.030% | +0.0227% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Lighter MSTR | −0.030% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MSTRUSDTM | −0.030% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Gate MSTR_USDT | −0.024% | 0.0000% | 8h | $4.8M | $18.3M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.024% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Binance MSTRUSDT | −0.024% | +0.0224% | 8h | $91.2M | $570.7M | 50x | as long as short |
| Nado MSTR-PERP | −0.023% | −0.0037% | 1h | $126K | $243K | 3x | as long as short |
| tradeXYZ xyz:MSTR | −0.012% | +0.0050% | 1h | $56.7M | $32.1M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.012% | +0.0188% | 8h | $22.5M | $101.5M | 50x | as long as short |
| Polymarket Perps MSTR-USD | −0.012% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Aevo MSTR-PERP | −0.001% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| edgeX MSTRUSDClong | 0.000% | +0.0876% | 4h | $50K | $5.0M | 10x | |
| Arcus MSTR-USD | 0.000% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| SoDEX MSTR-USD | +0.006% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Phemex MSTRUSDT | +0.006% | 0.0000% | 4h | $2.8M | $42K | 10x | as long as short |
| Bybit MSTRUSDT | +0.018% | +0.0202% | 8h | $15.5M | $41.5M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.036% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| ApeX Omni MSTRUSDT | +0.042% | +0.0100% | 1h | $89K | $1.5M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.048% | +0.0469% | 1h | $284K | $455K | 10x | as long as short |
| Phoenix MSTR | +0.079% | +0.0215% | 1h | $55K | $388K | 10x | as long as short |
| BloFin MSTR-USDT | +0.090% | +0.0350% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Variational Omni MSTR | +0.097% | +0.0177% | 8h | $1.3M | $2.2M | — | as long as short |
| Injective MSTR/USDC PERP | +0.132% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |