Spread before costs (cost unknown: a leg has no order-book sample)+0.081%
7d average—if it closes, per $10,000$8funding while held, a day+$3.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 166.57 | 0 | get 0.0000% / 8h | 4m 55s | $4.8M | $19.2M | 50x |
| Short | Aevo MSTR-PERP | 166.70 | 0.0104 | get 0.0013% / 1h | 4m 55s | $138 | — | 10x |
Gate MSTR_USDT
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
- $8.09
- Funding while held
- $3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$19.79
- Spread needed to break even
- 0.310%
Slippage unknown: Gate: live order book, 5 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0104%
- Per $10,000 a day
- +$3.12
- 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 Gate live order book, 5 min ago | 2.10 bp | 20.6 bp −$21 | 43.7 bp −$437 | 105.2 bp −$10.5K | doesn't fit |
| 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.tradeXYZ166.44cheapestExtended166.49+0.031%Injective166.50+0.036%Bitget166.51+0.042%Binance166.53+0.054%ApeX Omni166.53+0.054%OKX166.54+0.060%KuCoin166.56+0.072%
tradeXYZ
Extended
Injective
Bitget
Binance
ApeX Omni
OKX
KuCoinGate166.57+0.078%
Aster166.58+0.086%Bybit166.59+0.090%Phemex166.63+0.114%BloFin166.63+0.114%Orderly166.65+0.126%Lighter166.66+0.132%SoDEX166.67+0.138%
Aster
Bybit
Phemex
BloFin
Orderly
Lighter
SoDEXAevo166.70+0.159%
Polymarket Perps166.72+0.168%Ondo Perps166.73+0.174%Vest166.73+0.174%Paradex166.73+0.175%Pacifica166.74+0.178%QFEX166.74+0.180%Deribit166.74+0.180%RISEx166.76+0.195%edgeX166.79+0.211%Coinbase International166.80+0.216%Arcus166.85+0.246%Variational Omni166.93+0.293%Nado167.00+0.334%Phoenix167.22+0.469%
Polymarket Perps
Ondo Perps
Vest
Paradex
Pacifica
QFEX
Deribit
RISEx
Coinbase International
Arcus
Variational Omni
Nado
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:MSTR | −0.078% | +0.0163% | 1h | $56.6M | $31.5M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.047% | +0.0032% | 1h | $502K | $2.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.042% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Bitget MSTRUSDT | −0.036% | +0.0327% | 8h | $28.8M | $110.8M | 25x | as long as short |
| Binance MSTRUSDT | −0.024% | +0.0317% | 8h | $88.9M | $545.6M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.024% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.018% | +0.0266% | 8h | $22.2M | $101.5M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.006% | +0.0104% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $4.8M | $19.2M | 50x | |
| Aster MSTRUSDT | +0.008% | +0.0321% | 8h | $1.3M | $5.9M | 50x | as long as short |