Spread before costs (cost unknown: a leg has no order-book sample)+0.096%
7d average+0.142%if it closes, per $10,000$10funding while held, a day−$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MSTR-USD.P | 166.79 | 0.0050 | pay 0.0006% / 1h | 49m 19s | $824K | $4.6M | 10x |
| Short | Deribit MSTR_USDC-PERPETUAL | 166.95 | 0 | get 0.0000% / 1h | 49m 19s | $284K | $455K | 10x |
Ondo Perps MSTR-USD.P
Deribit MSTR_USDC-PERPETUALPrice 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
- $9.59
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$3.92
- Spread needed to break even
- 0.120%
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 56 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.51
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 56 min ago | 6.93 bp | 10.4 bp −$10 | 11.7 bp −$117 | doesn't fit | doesn't fit |
Ondo Perps: 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 International166.53cheapestSoDEX166.74+0.126%Pacifica166.77+0.147%Nado166.79+0.154%
Coinbase International
SoDEX
Pacifica
NadoOndo Perps166.79+0.156%
RISEx166.83+0.183%Paradex166.85+0.194%QFEX166.86+0.198%KuCoin166.86+0.198%edgeX166.87+0.202%Aster166.88+0.209%Extended166.89+0.216%Arcus166.90+0.222%Polymarket Perps166.90+0.222%Binance166.91+0.228%Phoenix166.91+0.231%Phemex166.92+0.234%tradeXYZ166.93+0.240%Gate166.93+0.240%Orderly166.94+0.246%BloFin166.94+0.246%
RISEx
Paradex
QFEX
KuCoin
Aster
Extended
Arcus
Polymarket Perps
Binance
Phoenix
Phemex
tradeXYZ
Gate
Orderly
BloFinDeribit166.95+0.252%
Aevo166.95+0.255%ApeX Omni166.96+0.258%Lighter166.97+0.264%Vest166.98+0.270%Variational Omni167.00+0.284%OKX167.01+0.288%Bitget167.01+0.288%Bybit167.02+0.294%Injective167.08+0.330%
Aevo
ApeX Omni
Lighter
Vest
Variational Omni
OKX
Bitget
Bybit
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 | −0.156% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| SoDEX MSTR-USD | −0.030% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Pacifica MSTR | −0.009% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Nado MSTR-PERP | −0.002% | −0.0031% | 1h | $125K | $243K | 3x | as long as short |
| Ondo Perps MSTR-USD.Plong | 0.000% | +0.0050% | 1h | $824K | $4.6M | 10x | |
| RISEx MSTR/USDC | +0.027% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.038% | +0.0077% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | +0.042% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.042% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| edgeX MSTRUSDC | +0.045% | +0.0914% | 4h | $49K | $5.0M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | +0.053% | +0.0234% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Extended MSTR_24_5-USD | +0.059% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| Arcus MSTR-USD | +0.066% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.066% | +0.0050% | 1h | $405K | $2.3M | 10x | as long as short |
| Binance MSTRUSDT | +0.071% | +0.0232% | 8h | $90.8M | $567.9M | 50x | as long as short |
| Phoenix MSTR | +0.075% | +0.0215% | 1h | $55K | $388K | 10x | as long as short |
| Phemex MSTRUSDT | +0.078% | 0.0000% | 4h | $2.8M | $42K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.084% | +0.0050% | 1h | $56.7M | $32.0M | 10x | as long as short |
| Gate MSTR_USDT | +0.084% | 0.0000% | 8h | $4.8M | $18.3M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.090% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | +0.090% | +0.0352% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUALshort | +0.096% | 0.0000% | 1h | $284K | $455K | 10x | |
| Aevo MSTR-PERP | +0.099% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.102% | +0.0100% | 1h | $130K | $1.5M | 50x | as long as short |
| Lighter MSTR | +0.108% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.114% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Variational Omni MSTR | +0.127% | +0.0185% | 8h | $1.3M | $2.2M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.132% | +0.0197% | 8h | $22.5M | $101.7M | 50x | as long as short |
| Bitget MSTRUSDT | +0.132% | +0.0264% | 8h | $28.8M | $111.6M | 25x | as long as short |
| Bybit MSTRUSDT | +0.138% | +0.0234% | 8h | $15.5M | $41.5M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.174% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |