Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average—if it closes, per $10,000$2funding while held, a day+$9.94
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 166.68 | 0.0100 | pay 0.0100% / 8h | 7h 56m | $3K | $12K | 10x |
| Short | Bybit MSTRUSDT | 166.71 | 0.0431 | get 0.0431% / 8h | 7h 56m | $15.6M | $43.3M | 50x |
Orderly PERP_MSTR_USDC_mythos
Bybit 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
- $1.8
- Funding while held
- $9.94
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$5.26
- Spread needed to break even
- 0.170%
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0331%
- Per $10,000 a day
- +$9.94
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 1.20 bp | 9.0 bp −$9 | 15.4 bp −$154 | 58.9 bp −$5,890 | doesn't fit |
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%ApeX Omni166.45+0.078%Nado166.46+0.083%BloFin166.50+0.108%Extended166.51+0.114%Vest166.53+0.126%Phoenix166.54+0.130%Injective166.56+0.144%Paradex166.56+0.145%Pacifica166.57+0.149%edgeX166.59+0.160%KuCoin166.60+0.168%Variational Omni166.61+0.172%tradeXYZ166.61+0.174%Phemex166.61+0.174%RISEx166.62+0.179%Lighter166.62+0.180%SoDEX166.62+0.180%Polymarket Perps166.64+0.192%Gate166.65+0.198%Bitget166.65+0.198%OKX166.66+0.204%Aster166.67+0.210%
Coinbase International
Ondo Perps
ApeX Omni
Nado
BloFin
Extended
Vest
Phoenix
Injective
Paradex
Pacifica
KuCoin
Variational Omni
tradeXYZ
Phemex
RISEx
Lighter
SoDEX
Polymarket Perps
Gate
Bitget
OKX
AsterOrderly166.68+0.216%
QFEX166.69+0.222%Aevo166.69+0.223%Binance166.70+0.228%
QFEX
Aevo
BinanceBybit166.71+0.234%
Arcus166.71+0.234%Deribit166.73+0.247%
Arcus
DeribitMSTR 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 | −0.216% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.162% | +0.0050% | 1h | $885K | $4.6M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.138% | +0.0100% | 1h | $130K | $1.9M | 50x | as long as short |
| Nado MSTR-PERP | −0.133% | +0.0158% | 1h | $128K | $256K | 3x | as long as short |
| BloFin MSTR-USDT | −0.108% | +0.0430% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.102% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.090% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Phoenix MSTR | −0.086% | +0.0226% | 1h | $54K | $380K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.072% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Paradex MSTR-USD-PERP | −0.072% | +0.0106% | 8h | $67 | — | 5x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTR | −0.067% | +0.0100% | 1h | $102K | $153K | 10x | as long as short |
| edgeX MSTRUSDC | −0.056% | +0.0019% | 4h | $45K | $4.9M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.048% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Variational Omni MSTR | −0.044% | +0.0246% | 8h | $1.3M | $2.2M | — | as long as short |
| tradeXYZ xyz:MSTR | −0.042% | +0.0237% | 1h | $56.8M | $31.7M | 10x | as long as short |
| Phemex MSTRUSDT | −0.042% | 0.0000% | 4h | $2.8M | $38K | 10x | as long as short |
| RISEx MSTR/USDC | −0.038% | +0.0277% | 1h | $293K | $477K | 10x | as long as short |
| Lighter MSTR | −0.036% | +0.0216% | 1h | $3.6M | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | −0.036% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.024% | +0.0050% | 1h | $406K | $2.2M | 10x | as long as short |
| Gate MSTR_USDT | −0.018% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| Bitget MSTRUSDT | −0.018% | +0.0322% | 8h | $29.0M | $111.1M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | −0.012% | +0.0268% | 8h | $22.4M | $101.5M | 50x | as long as short |
| Aster MSTRUSDT | −0.006% | +0.0309% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | 0.000% | +0.0100% | 8h | $3K | $12K | 10x | |
| QFEX MSTR-USD | +0.006% | +0.0041% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Aevo MSTR-PERP | +0.007% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.012% | +0.0311% | 8h | $90.0M | $553.9M | 50x | as long as short |
| Bybit MSTRUSDTshort | +0.018% | +0.0431% | 8h | $15.6M | $43.3M | 50x | |
| Arcus MSTR-USD | +0.018% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.030% | +0.0951% | 1h | $283K | $453K | 10x | as long as short |