Spread before costs (cost unknown: a leg has no order-book sample)−0.012%
7d average+0.069%if it closes, per $10,000$1funding while held, a day−$0.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 167.01 | 0.0032 | pay 0.0004% / 1h | 47m 50s | $3.6M | $2.6M | 10x |
| Short | Phemex MSTRUSDT | 166.99 | 0 | get 0.0000% / 4h | 2h 47m | $2.8M | $42K | 10x |
Lighter MSTR
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
- −$1.2
- Funding while held
- −$0.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$14.16
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter: live order book, 6 min ago; Phemex: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0032%
- Per $10,000 a day
- −$0.96
- 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, 6 min ago | 1.20 bp | 3.2 bp −$3 | 6.4 bp −$64 | 32.1 bp −$3,207 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 14.37 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 International166.53cheapestOndo Perps166.79+0.156%edgeX166.87+0.202%Phoenix166.91+0.231%Pacifica166.93+0.240%Nado166.93+0.242%BloFin166.94+0.246%ApeX Omni166.96+0.258%Paradex166.97+0.264%RISEx166.97+0.264%QFEX166.98+0.270%SoDEX166.98+0.270%Extended166.98+0.273%
Coinbase International
Ondo Perps
Phoenix
Pacifica
Nado
BloFin
ApeX Omni
Paradex
RISEx
QFEX
SoDEX
ExtendedPhemex166.99+0.276%
Variational Omni167.00+0.284%Aster167.01+0.287%tradeXYZ167.01+0.288%
Variational Omni
Aster
tradeXYZLighter167.01+0.288%
Polymarket Perps167.01+0.288%OKX167.02+0.294%Arcus167.02+0.294%KuCoin167.02+0.294%Deribit167.03+0.300%Aevo167.03+0.302%Orderly167.04+0.306%Bitget167.05+0.312%Gate167.06+0.318%Vest167.06+0.318%Binance167.06+0.319%Injective167.08+0.330%Bybit167.13+0.360%
Polymarket Perps
OKX
Arcus
KuCoin
Deribit
Aevo
Orderly
Bitget
Gate
Vest
Binance
Injective
BybitMSTR 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 | −0.287% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.132% | +0.0050% | 1h | $824K | $4.6M | 10x | as long as short |
| edgeX MSTRUSDC | −0.086% | +0.0914% | 4h | $49K | $5.0M | 10x | as long as short |
| Phoenix MSTR | −0.057% | +0.0215% | 1h | $55K | $388K | 10x | as long as short |
| Pacifica MSTR | −0.048% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Nado MSTR-PERP | −0.046% | −0.0030% | 1h | $126K | $243K | 3x | as long as short |
| BloFin MSTR-USDT | −0.042% | +0.0352% | 8h | $1.1M | $1.5M | 20x | as long as short |
| ApeX Omni MSTRUSDT | −0.030% | +0.0100% | 1h | $130K | $1.5M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.025% | +0.0076% | 8h | $67 | — | 5x | as long as short |
| RISEx MSTR/USDC | −0.024% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX MSTR-USD | −0.018% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| SoDEX MSTR-USD | −0.018% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.016% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| Phemex MSTRUSDTshort | −0.012% | 0.0000% | 4h | $2.8M | $42K | 10x | |
| Variational Omni MSTR | −0.004% | +0.0185% | 8h | $1.3M | $2.2M | — | as long as short |
| Aster MSTRUSDT | −0.001% | +0.0232% | 8h | $1.3M | $6.0M | 50x | as long as short |
| tradeXYZ xyz:MSTR | 0.000% | +0.0050% | 1h | $56.8M | $32.1M | 10x | as long as short |
| Lighter MSTRlong | 0.000% | +0.0032% | 1h | $3.6M | $2.6M | 10x | |
| Polymarket Perps MSTR-USD | 0.000% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.006% | +0.0196% | 8h | $22.6M | $101.7M | 50x | as long as short |
| Arcus MSTR-USD | +0.006% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.006% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.012% | +0.0229% | 1h | $284K | $455K | 10x | as long as short |
| Aevo MSTR-PERP | +0.014% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.018% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Bitget MSTRUSDT | +0.024% | +0.0263% | 8h | $28.8M | $111.6M | 25x | as long as short |
| Gate MSTR_USDT | +0.030% | 0.0000% | 8h | $4.9M | $18.3M | 50x | as long as short |
| Vest MSTR-USD-PERP | +0.030% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Binance MSTRUSDT | +0.030% | +0.0231% | 8h | $90.9M | $568.3M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.042% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| Bybit MSTRUSDT | +0.072% | +0.0229% | 8h | $15.5M | $41.5M | 50x | as long as short |