Spread before costs (cost unknown: a leg has no order-book sample)−0.010%
7d average—if it closes, per $10,000$1funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 167.66 | 0.0100 | pay 0.0013% / 1h | 46m 43s | $102K | $167K | 10x |
| Short | Aevo MSTR-PERP | 167.65 | 0.0104 | get 0.0013% / 1h | 46m 43s | $139 | — | 10x |
Pacifica MSTR
Aevo MSTR-PERPPrice 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
- −$0.96
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$24.84
- Spread needed to break even
- 0.240%
Slippage unknown: Pacifica: live order book, 2 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Pacifica live order book, 2 min ago | 2.06 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 International166.86cheapestInjective166.94+0.048%QFEX167.11+0.150%Nado167.19+0.199%Polymarket Perps167.29+0.258%Phoenix167.38+0.313%Variational Omni167.40+0.326%Extended167.47+0.368%Phemex167.48+0.372%Vest167.49+0.378%Orderly167.57+0.426%Ondo Perps167.60+0.443%Deribit167.63+0.461%Paradex167.64+0.466%Aster167.64+0.467%SoDEX167.64+0.467%
Coinbase International
Injective
QFEX
Nado
Polymarket Perps
Phoenix
Variational Omni
Extended
Phemex
Vest
Orderly
Ondo Perps
Deribit
Paradex
Aster
SoDEXAevo167.65+0.472%
Bitget167.66+0.479%
BitgetPacifica167.66+0.482%
tradeXYZ167.67+0.485%Lighter167.67+0.485%Binance167.67+0.485%KuCoin167.67+0.485%BloFin167.69+0.497%Gate167.70+0.503%OKX167.72+0.515%Arcus167.72+0.515%ApeX Omni167.72+0.515%Bybit167.73+0.521%RISEx167.75+0.530%edgeX168.07+0.727%
tradeXYZ
Lighter
Binance
KuCoin
BloFin
Gate
OKX
Arcus
ApeX Omni
Bybit
RISExMSTR 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 | −0.480% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.432% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| QFEX MSTR-USD | −0.330% | +0.0057% | 1h | $1.3M | $9.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.282% | +0.0108% | 1h | $128K | $263K | 3x | as long as short |
| Polymarket Perps MSTR-USD | −0.223% | +0.0110% | 1h | $410K | $2.1M | 10x | as long as short |
| Phoenix MSTR | −0.168% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |
| Variational Omni MSTR | −0.155% | +0.0316% | 8h | $1.3M | $2.2M | — | as long as short |
| Extended MSTR_24_5-USD | −0.114% | +0.0064% | 1h | $510K | $2.3M | 10x | as long as short |
| Phemex MSTRUSDT | −0.110% | 0.0000% | 4h | $2.8M | $35K | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.104% | +0.0046% | 1h | — | $1.5M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_MSTR_USDC_mythos | −0.056% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.038% | +0.0050% | 1h | $917K | $4.6M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.020% | +0.0945% | 1h | $285K | $456K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.016% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| Aster MSTRUSDT | −0.015% | +0.0406% | 8h | $1.3M | $5.9M | 50x | as long as short |
| SoDEX MSTR-USD | −0.014% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aevo MSTR-PERPshort | −0.010% | +0.0104% | 1h | $139 | — | 10x | |
| Bitget MSTRUSDT | −0.002% | +0.0379% | 8h | $28.9M | $109.7M | 25x | as long as short |
| Pacifica MSTRlong | 0.000% | +0.0100% | 1h | $102K | $167K | 10x | |
| tradeXYZ xyz:MSTR | +0.004% | +0.0272% | 1h | $57.3M | $31.6M | 10x | as long as short |
| Lighter MSTR | +0.004% | +0.0176% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Binance MSTRUSDT | +0.004% | +0.0385% | 8h | $89.5M | $529.0M | 50x | as long as short |
| KuCoin MSTRUSDTM | +0.004% | +0.0177% | 8h | $2.6M | $2.6M | 20x | as long as short |
| BloFin MSTR-USDT | +0.016% | +0.0507% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Gate MSTR_USDT | +0.021% | 0.0000% | 8h | $5.0M | $18.5M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | +0.033% | +0.0336% | 8h | $22.3M | $100.9M | 50x | as long as short |
| Arcus MSTR-USD | +0.033% | +0.0705% | 1h | $27K | $123K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.033% | +0.0100% | 1h | $133K | $2.2M | 50x | as long as short |
| Bybit MSTRUSDT | +0.039% | +0.0234% | 8h | $15.9M | $42.9M | 50x | as long as short |
| RISEx MSTR/USDC | +0.048% | +0.0486% | 1h | $306K | $454K | 10x | as long as short |
| edgeX MSTRUSDC | +0.244% | +0.0607% | 4h | $62K | $4.6M | 10x | as long as short |