Spread before costs (cost unknown: a leg has no order-book sample)−0.017%
7d average—if it closes, per $10,000$2funding while held, a day+$5.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 167.04 | 0.0083 | pay 0.0083% / 8h | 6h 58m | $67 | — | 5x |
| Short | Bitget MSTRUSDT | 167.01 | 0.0278 | get 0.0278% / 8h | 6h 58m | $28.8M | $111.7M | 25x |
Paradex MSTR-USD-PERP
Bitget 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
- −$1.72
- Funding while held
- $5.86
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$11.86
- Spread needed to break even
- 0.160%
Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0195%
- Per $10,000 a day
- +$5.86
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 2 min ago | 0.30 bp | 7.6 bp −$8 | 12.2 bp −$122 | 23.5 bp −$2,345 | doesn't fit |
Paradex: 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.Ondo Perps166.94cheapestNado166.95+0.008%KuCoin166.97+0.018%tradeXYZ166.98+0.024%Extended166.99+0.027%
Ondo Perps
Nado
KuCoin
tradeXYZ
ExtendedBitget167.01+0.042%
Phemex167.01+0.042%Aster167.02+0.047%Lighter167.02+0.048%OKX167.02+0.048%Orderly167.02+0.048%SoDEX167.02+0.048%Aevo167.02+0.049%Binance167.02+0.051%Polymarket Perps167.03+0.054%Pacifica167.04+0.058%
Phemex
Aster
Lighter
OKX
Orderly
SoDEX
Aevo
Binance
Polymarket Perps
PacificaParadex167.04+0.059%
BloFin167.04+0.060%ApeX Omni167.05+0.066%QFEX167.08+0.084%Injective167.08+0.084%Deribit167.08+0.084%RISEx167.09+0.090%Bybit167.09+0.090%Gate167.09+0.090%Arcus167.12+0.108%Vest167.12+0.108%Variational Omni167.16+0.132%Phoenix167.16+0.132%edgeX167.16+0.135%Coinbase International167.24+0.180%
BloFin
ApeX Omni
QFEX
Injective
Deribit
RISEx
Bybit
Gate
Arcus
Vest
Variational Omni
Phoenix
Coinbase InternationalMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MSTR-USD.P | −0.059% | +0.0050% | 1h | $826K | $4.6M | 10x | as long as short |
| Nado MSTR-PERP | −0.051% | −0.0094% | 1h | $126K | $247K | 3x | as long as short |
| KuCoin MSTRUSDTM | −0.041% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| tradeXYZ xyz:MSTR | −0.035% | +0.0129% | 1h | $57.1M | $32.0M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.032% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
| Bitget MSTRUSDTshort | −0.017% | +0.0278% | 8h | $28.8M | $111.7M | 25x | |
| Phemex MSTRUSDT | −0.017% | 0.0000% | 4h | $2.8M | $41K | 10x | as long as short |
| Aster MSTRUSDT | −0.012% | +0.0254% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Lighter MSTR | −0.011% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.011% | +0.0216% | 8h | $22.6M | $101.7M | 50x | as long as short |