Spread before costs (cost unknown: a leg has no order-book sample)+0.078%
7d average—if it closes, per $10,000$8funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MSTR_USDT | 166.60 | 0 | get 0.0000% / 8h | 7h 57m | $4.8M | $18.5M | 50x |
| Short | Orderly PERP_MSTR_USDC_mythos | 166.73 | 0.0100 | get 0.0100% / 8h | 7h 57m | $3K | $12K | 10x |
Gate MSTR_USDT
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
- $7.8
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$10.2
- Spread needed to break even
- 0.210%
Slippage unknown: Gate: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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, 3 min ago | 3.00 bp | 12.3 bp −$12 | 26.7 bp −$267 | 115.5 bp −$11.6K | 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.Coinbase International166.32cheapestOndo Perps166.41+0.054%Nado166.41+0.056%Extended166.45+0.075%ApeX Omni166.45+0.078%tradeXYZ166.53+0.126%Phoenix166.54+0.130%KuCoin166.54+0.132%Vest166.54+0.132%Injective166.56+0.144%Pacifica166.57+0.149%Lighter166.57+0.150%Bitget166.57+0.150%Polymarket Perps166.57+0.150%Paradex166.58+0.156%edgeX166.59+0.160%Binance166.60+0.168%
Coinbase International
Ondo Perps
Nado
Extended
ApeX Omni
tradeXYZ
Phoenix
KuCoin
Vest
Injective
Pacifica
Lighter
Bitget
Polymarket Perps
Paradex
BinanceGate166.60+0.168%
Aster166.60+0.170%RISEx166.60+0.171%Variational Omni166.61+0.172%OKX166.63+0.186%QFEX166.63+0.186%BloFin166.64+0.192%Phemex166.65+0.198%Bybit166.66+0.204%Arcus166.68+0.216%SoDEX166.70+0.228%
Aster
RISEx
Variational Omni
OKX
QFEX
BloFin
Phemex
Bybit
Arcus
SoDEXOrderly166.73+0.247%
Deribit166.74+0.253%Aevo166.74+0.253%
Deribit
AevoMSTR 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 | −0.168% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.114% | +0.0050% | 1h | $879K | $4.6M | 10x | as long as short |
| Nado MSTR-PERP | −0.112% | +0.0175% | 1h | $128K | $256K | 3x | as long as short |
| Extended MSTR_24_5-USD | −0.093% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.090% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| tradeXYZ xyz:MSTR | −0.042% | +0.0261% | 1h | $56.8M | $31.7M | 10x | as long as short |
| Phoenix MSTR | −0.038% | +0.0216% | 1h | $54K | $380K | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.036% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Vest MSTR-USD-PERP | −0.036% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Injective MSTR/USDC PERP | −0.024% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTR | −0.020% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| Lighter MSTR | −0.018% | +0.0200% | 1h | $3.6M | $2.7M | 10x | as long as short |
| Bitget MSTRUSDT | −0.018% | +0.0323% | 8h | $29.0M | $111.0M | 25x | as long as short |
| Polymarket Perps MSTR-USD | −0.018% | +0.0050% | 1h | $405K | $2.2M | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.012% | +0.0105% | 8h | $67 | — | 5x | as long as short |
| edgeX MSTRUSDC | −0.008% | +0.0019% | 4h | $45K | $4.9M | 10x | as long as short |
| Binance MSTRUSDT | 0.000% | +0.0310% | 8h | $89.9M | $553.7M | 50x | as long as short |
| Gate MSTR_USDTlong | 0.000% | 0.0000% | 8h | $4.8M | $18.5M | 50x | |
| Aster MSTRUSDT | +0.002% | +0.0308% | 8h | $1.3M | $6.0M | 50x | as long as short |
| RISEx MSTR/USDC | +0.003% | +0.0277% | 1h | $293K | $478K | 10x | as long as short |
| Variational Omni MSTR | +0.004% | +0.0246% | 8h | $1.3M | $2.2M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.018% | +0.0267% | 8h | $22.3M | $101.5M | 50x | as long as short |
| QFEX MSTR-USD | +0.018% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |
| BloFin MSTR-USDT | +0.024% | +0.0429% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Phemex MSTRUSDT | +0.030% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| Bybit MSTRUSDT | +0.036% | +0.0522% | 8h | $15.6M | $43.3M | 50x | as long as short |
| Arcus MSTR-USD | +0.048% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| SoDEX MSTR-USD | +0.060% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.078% | +0.0100% | 8h | $3K | $12K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.084% | +0.0951% | 1h | $283K | $453K | 10x | as long as short |
| Aevo MSTR-PERP | +0.085% | +0.0104% | 1h | $138 | — | 10x | as long as short |