Spread before costs (cost unknown: a leg has no order-book sample)+0.020%
7d average−0.093%if it closes, per $10,000$2funding while held, a day−$1.49
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MSTR | 165.66 | 0.0100 | pay 0.0013% / 1h | 13m 13s | $101K | $153K | 10x |
| Short | Ondo Perps MSTR-USD.P | 165.69 | 0.0050 | get 0.0006% / 1h | 13m 13s | $778K | $4.7M | 10x |
Pacifica MSTR
Ondo Perps MSTR-USD.PPrice 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
- $2.02
- Funding while held
- −$1.49
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$12.47
- Spread needed to break even
- 0.130%
Slippage unknown: Pacifica: live order book, 26 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.49
- 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, 26 min ago | 1.50 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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.Extended165.45cheapestNado165.51+0.040%Coinbase International165.53+0.051%Phemex165.55+0.063%tradeXYZ165.56+0.069%BloFin165.58+0.081%Binance165.59+0.087%KuCoin165.59+0.087%Lighter165.60+0.093%Gate165.60+0.093%Bitget165.62+0.105%Orderly165.62+0.105%Paradex165.63+0.109%SoDEX165.63+0.111%Deribit165.63+0.111%Polymarket Perps165.64+0.117%Aevo165.65+0.123%ApeX Omni165.65+0.123%Vest165.65+0.123%
Extended
Nado
Coinbase International
Phemex
tradeXYZ
BloFin
Binance
KuCoin
Lighter
Gate
Bitget
Orderly
Paradex
SoDEX
Deribit
Polymarket Perps
Aevo
ApeX Omni
VestPacifica165.66+0.127%
Aster165.66+0.129%RISEx165.66+0.129%OKX165.68+0.141%Bybit165.69+0.147%
Aster
RISEx
OKX
BybitOndo Perps165.69+0.147%
QFEX165.69+0.147%Arcus165.74+0.178%Injective165.77+0.196%edgeX165.81+0.222%Phoenix165.89+0.266%Variational Omni165.95+0.304%
QFEX
Arcus
Injective
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MSTR_24_5-USD | −0.127% | +0.0032% | 1h | $574K | $2.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.087% | +0.0032% | 1h | $124K | $243K | 3x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.076% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Phemex MSTRUSDT | −0.064% | 0.0000% | 4h | $2.8M | $44K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.058% | +0.0103% | 1h | $56.1M | $32.8M | 10x | as long as short |
| BloFin MSTR-USDT | −0.046% | +0.0314% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Binance MSTRUSDT | −0.040% | +0.0194% | 8h | $88.2M | $588.6M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.040% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Lighter MSTR | −0.034% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Gate MSTR_USDT | −0.034% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.022% | +0.0239% | 8h | $28.5M | $112.5M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.022% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.018% | +0.0091% | 8h | $66 | — | 5x | as long as short |
| SoDEX MSTR-USD | −0.016% | +0.0050% | 1h | $43K | $3K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.016% | +0.0475% | 1h | $283K | $485K | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.010% | +0.0050% | 1h | $402K | $2.3M | 10x | as long as short |
| Aevo MSTR-PERP | −0.004% | +0.0104% | 1h | $137 | — | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.004% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Vest MSTR-USD-PERP | −0.004% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Pacifica MSTRlong | 0.000% | +0.0100% | 1h | $101K | $153K | 10x | |
| Aster MSTRUSDT | +0.002% | +0.0186% | 8h | $1.3M | $6.1M | 50x | as long as short |
| RISEx MSTR/USDC | +0.002% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.014% | +0.0163% | 8h | $22.2M | $102.1M | 50x | as long as short |
| Bybit MSTRUSDT | +0.020% | +0.0206% | 8h | $15.3M | $41.8M | 50x | as long as short |
| Ondo Perps MSTR-USD.Pshort | +0.020% | +0.0050% | 1h | $778K | $4.7M | 10x | |
| QFEX MSTR-USD | +0.020% | +0.0041% | 1h | $1.4M | $9.6M | 10x | as long as short |
| Arcus MSTR-USD | +0.050% | +0.0599% | 1h | $27K | $119K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.069% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |
| edgeX MSTRUSDC | +0.095% | +0.0288% | 4h | $50K | $5.2M | 10x | as long as short |
| Phoenix MSTR | +0.139% | +0.0215% | 1h | $54K | $388K | 10x | as long as short |
| Variational Omni MSTR | +0.177% | +0.0133% | 8h | $1.2M | $2.3M | — | as long as short |