After costs, if the gap returns to its 7d average, $10k−$42
spread now−0.157%7d average+0.068%fees + slippage, in and out−$20spread needed0.196%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 165.39 | 0.0112 | pay 0.0014% / 1h | 34m 41s | $3.5M | $2.5M | 10x |
| Short | Aster MSTRUSDT | 165.13 | 0.0552 | get 0.0552% / 8h | 2h 34m | $1.9M | $3.5M | 50x |
Lighter MSTR
Aster 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
- −$15.71
- Funding while held
- $13.2
- Slippage, 4 orders
- −$11.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$22.11
- Spread needed to break even
- 0.196%
Slippage from Lighter: live order book, 5 min ago; Aster: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0440%
- Per $10,000 a day
- +$13.20
- 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 Lighter live order book, 5 min ago | 1.21 bp | 3.0 bp −$3 | 8.5 bp −$85 | 39.9 bp −$3,991 | doesn't fit |
| Sell Aster live order book, 5 min ago | 0.91 bp | 9.3 bp −$9 | 29.9 bp −$299 | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Extended164.90cheapesttradeXYZ165.03+0.079%Bitget165.03+0.079%Coinbase International165.03+0.079%Ondo Perps165.06+0.098%KuCoin165.06+0.098%Gate165.07+0.104%Vest165.11+0.128%Nado165.11+0.131%
Extended
tradeXYZ
Bitget
Coinbase International
Ondo Perps
KuCoin
Gate
Vest
NadoAster165.13+0.140%
Polymarket Perps165.14+0.146%SoDEX165.15+0.152%Orderly165.16+0.158%BloFin165.16+0.158%Deribit165.18+0.170%Pacifica165.21+0.188%Aevo165.22+0.195%QFEX165.25+0.213%RISEx165.28+0.234%Phemex165.29+0.237%Arcus165.31+0.249%Bybit165.32+0.255%Paradex165.33+0.259%Variational Omni165.33+0.262%Binance165.33+0.263%OKX165.34+0.267%Phoenix165.34+0.270%edgeX165.39+0.297%
Polymarket Perps
SoDEX
Orderly
BloFin
Deribit
Pacifica
Aevo
QFEX
RISEx
Phemex
Arcus
Bybit
Paradex
Variational Omni
Binance
OKX
PhoenixLighter165.39+0.298%
ApeX Omni165.47+0.346%Injective166.49+0.965%
ApeX Omni
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.297% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.218% | +0.0439% | 1h | $58.5M | $21.1M | 10x | as long as short |
| Bitget MSTRUSDT | −0.218% | +0.0498% | 8h | $31.9M | $85.2M | 25x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.218% | +0.0176% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.200% | +0.0050% | 1h | $927K | $4.0M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.200% | +0.0148% | 8h | $2.5M | $1.3M | 20x | as long as short |
| Gate MSTR_USDT | −0.193% | 0.0000% | 8h | $4.9M | $16.7M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.169% | +0.0046% | 1h | — | $943K | 25x | as long as short |
| Nado MSTR-PERP | −0.167% | +0.0255% | 1h | $154K | $254K | 3x | as long as short |
| Aster MSTRUSDTshort | −0.157% | +0.0552% | 8h | $1.9M | $3.5M | 50x |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps MSTR-USD | −0.151% | +0.0050% | 1h | $399K | $1.3M | 10x | as long as short |
| SoDEX MSTR-USD | −0.145% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.139% | +0.0100% | 8h | $4K | $10K | 10x | as long as short |
| BloFin MSTR-USDT | −0.139% | +0.0672% | 8h | $1.1M | $1.2M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.127% | +0.0902% | 1h | $280K | $480K | 10x | as long as short |
| Pacifica MSTR | −0.109% | +0.0100% | 1h | $101K | $177K | 10x | as long as short |
| Aevo MSTR-PERP | −0.102% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| QFEX MSTR-USD | −0.085% | +0.0070% | 1h | $1.3M | $8.6M | 10x | as long as short |
| RISEx MSTR/USDC | −0.063% | +0.0870% | 1h | $183K | $256K | 10x | as long as short |
| Phemex MSTRUSDT | −0.060% | 0.0000% | 4h | $2.8M | $26K | 10x | as long as short |
| Arcus MSTR-USD | −0.048% | +0.0549% | 1h | $30K | $95K | 10x | as long as short |
| Bybit MSTRUSDT | −0.042% | +0.0211% | 8h | $15.8M | $33.0M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.038% | +0.0149% | 8h | $66 | — | 5x | as long as short |
| Variational Omni MSTR | −0.036% | +0.0412% | 8h | $1.4M | $1.8M | — | as long as short |
| Binance MSTRUSDT | −0.035% | +0.0514% | 8h | $86.1M | $360.6M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.030% | +0.0455% | 8h | $21.5M | $74.0M | 50x | as long as short |
| Phoenix MSTR | −0.027% | +0.0342% | 1h | $53K | $230K | 10x | as long as short |
| edgeX MSTRUSDC | −0.001% | +0.0706% | 4h | $33K | $3.0M | 10x | as long as short |
| Lighter MSTRlong | 0.000% | +0.0112% | 1h | $3.5M | $2.5M | 10x | |
| ApeX Omni MSTRUSDT | +0.048% | +0.0100% | 1h | $131K | $2.3M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.665% | +0.0440% | 1h | $13K | $130K | 30x | as long as short |