Spread before costs (cost unknown: a leg has no order-book sample)−0.042%
7d average—if it closes, per $10,000$4funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MSTR_USDC_mythos | 165.85 | 0.0100 | pay 0.0100% / 8h | 5h 46m | $3K | $12K | 10x |
| Short | SoDEX MSTR-USD | 165.78 | 0.0050 | get 0.0006% / 1h | 46m 32s | $44K | $3K | 10x |
Orderly PERP_MSTR_USDC_mythos
SoDEX MSTR-USDPrice 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
- −$4.22
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$19.72
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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 SoDEX no order-book sample | — | — | — | — | — |
Orderly and SoDEX: 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 International164.72cheapestInjective165.62+0.546%Extended165.76+0.629%tradeXYZ165.77+0.637%Deribit165.77+0.637%
Coinbase International
Injective
Extended
tradeXYZ
DeribitSoDEX165.78+0.644%
KuCoin165.79+0.650%Pacifica165.80+0.655%Phemex165.81+0.662%Aevo165.82+0.668%Lighter165.84+0.680%Aster165.84+0.680%Paradex165.85+0.683%
KuCoin
Pacifica
Phemex
Aevo
Lighter
Aster
ParadexOrderly165.85+0.686%
Gate165.86+0.692%QFEX165.87+0.698%Nado165.88+0.703%BloFin165.88+0.704%RISEx165.89+0.710%ApeX Omni165.89+0.710%Binance165.89+0.713%Ondo Perps165.90+0.716%Bitget165.92+0.729%edgeX165.92+0.731%Arcus165.94+0.741%Polymarket Perps165.94+0.741%OKX165.96+0.753%Bybit165.97+0.759%Phoenix165.97+0.759%Variational Omni166.02+0.789%Vest166.05+0.807%
Gate
QFEX
Nado
BloFin
RISEx
ApeX Omni
Binance
Ondo Perps
Bitget
Arcus
Polymarket Perps
OKX
Bybit
Phoenix
Variational Omni
VestMSTR 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 | −0.681% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.139% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |
| Extended MSTR_24_5-USD | −0.057% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.048% | +0.0091% | 1h | $56.2M | $33.8M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.048% | +0.0293% | 1h | $282K | $488K | 10x | as long as short |
| SoDEX MSTR-USDshort | −0.042% | +0.0050% | 1h | $44K | $3K | 10x | |
| KuCoin MSTRUSDTM | −0.036% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Pacifica MSTR | −0.031% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Phemex MSTRUSDT | −0.024% | 0.0000% | 4h | $2.8M | $45K | 10x | as long as short |
| Aevo MSTR-PERP | −0.017% | +0.0104% | 1h | $138 | — | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter MSTR | −0.006% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Aster MSTRUSDT | −0.006% | +0.0169% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.003% | +0.0100% | 8h | $66 | — | 5x | as long as short |
| Orderly PERP_MSTR_USDC_mythoslong | 0.000% | +0.0100% | 8h | $3K | $12K | 10x | |
| Gate MSTR_USDT | +0.006% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |
| QFEX MSTR-USD | +0.012% | +0.0065% | 1h | $1.4M | $9.7M | 10x | as long as short |
| Nado MSTR-PERP | +0.017% | +0.0101% | 1h | $124K | $240K | 3x | as long as short |
| BloFin MSTR-USDT | +0.018% | +0.0301% | 8h | $1.1M | $1.6M | 20x | as long as short |
| RISEx MSTR/USDC | +0.024% | 0.0000% | 1h | $296K | $469K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.024% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Binance MSTRUSDT | +0.027% | +0.0180% | 8h | $87.6M | $598.2M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | +0.030% | +0.0050% | 1h | $775K | $4.7M | 10x | as long as short |
| Bitget MSTRUSDT | +0.042% | +0.0237% | 8h | $28.5M | $112.9M | 25x | as long as short |
| edgeX MSTRUSDC | +0.045% | +0.0685% | 4h | $44K | $5.2M | 10x | as long as short |
| Arcus MSTR-USD | +0.054% | +0.0553% | 1h | $27K | $119K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.054% | +0.0050% | 1h | $400K | $2.3M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.066% | +0.0142% | 8h | $22.0M | $102.0M | 50x | as long as short |
| Bybit MSTRUSDT | +0.072% | +0.0288% | 8h | $15.4M | $40.3M | 50x | as long as short |
| Phoenix MSTR | +0.072% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Variational Omni MSTR | +0.102% | +0.0135% | 8h | $1.2M | $2.4M | — | as long as short |
| Vest MSTR-USD-PERP | +0.121% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |