Spread before costs (cost unknown: a leg has no order-book sample)−0.048%
7d average—if it closes, per $10,000$5funding while held, a day+$1.33
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 165.85 | 0.0116 | pay 0.0116% / 8h | 1h 28m | $66 | — | 5x |
| Short | Coinbase International MSTR-PERP-INTX | 165.77 | 0.0160 | get 0.0020% / 1h | 28m 19s | $1.5M | $1.2M | 10x |
Paradex MSTR-USD-PERP
Coinbase International MSTR-PERP-INTXPrice 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
- −$4.85
- Funding while held
- $1.33
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$17.51
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0044%
- Per $10,000 a day
- +$1.33
- 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 Coinbase International live order book, 2 min ago | 5.12 bp | 10.1 bp −$10 | 15.4 bp −$154 | doesn't fit | 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.Phemex165.49cheapestExtended165.55+0.036%Orderly165.66+0.103%SoDEX165.66+0.103%Nado165.66+0.104%tradeXYZ165.68+0.115%Gate165.68+0.115%Bybit165.69+0.121%Bitget165.69+0.121%Binance165.70+0.127%OKX165.72+0.139%Deribit165.72+0.139%Injective165.73+0.145%Polymarket Perps165.74+0.151%Aevo165.75+0.157%
Phemex
Extended
Orderly
SoDEX
Nado
tradeXYZ
Gate
Bybit
Bitget
Binance
OKX
Deribit
Injective
Polymarket Perps
AevoCoinbase International165.77+0.169%
Ondo Perps165.78+0.175%Pacifica165.79+0.182%Aster165.83+0.205%RISEx165.83+0.205%QFEX165.85+0.218%
Ondo Perps
Pacifica
Aster
RISEx
QFEXParadex165.85+0.218%
Vest165.87+0.230%Arcus165.89+0.242%KuCoin165.90+0.248%Lighter165.93+0.266%BloFin165.95+0.278%ApeX Omni165.96+0.284%edgeX166.02+0.319%Variational Omni166.15+0.396%Phoenix166.38+0.536%
Vest
Arcus
KuCoin
Lighter
BloFin
ApeX Omni
Variational Omni
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDT | −0.217% | 0.0000% | 4h | $2.8M | $30K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.181% | +0.0032% | 1h | $493K | $2.2M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.115% | +0.0100% | 8h | $3K | $14K | 10x | as long as short |
| SoDEX MSTR-USD | −0.115% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Nado MSTR-PERP | −0.114% | +0.0084% | 1h | $155K | $245K | 3x | as long as short |
| tradeXYZ xyz:MSTR | −0.103% | +0.0192% | 1h | $56.5M | $29.9M | 10x | as long as short |
| Gate MSTR_USDT | −0.103% | 0.0000% | 8h | $5.0M | $18.6M | 50x | as long as short |
| Bybit MSTRUSDT | −0.097% | +0.0201% | 8h | $15.8M | $41.5M | 50x | as long as short |
| Bitget MSTRUSDT | −0.097% | +0.0402% | 8h | $28.6M | $106.0M | 25x | as long as short |
| Binance MSTRUSDT | −0.091% | +0.0414% | 8h | $85.9M | $477.0M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MSTR-USDT-SWAP | −0.079% | +0.0360% | 8h | $21.8M | $96.4M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.079% | +0.0596% | 1h | $282K | $450K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.073% | −0.0440% | 1h | $12K | $123K | 30x | as long as short |
| Polymarket Perps MSTR-USD | −0.067% | +0.0050% | 1h | $419K | $1.7M | 10x | as long as short |
| Aevo MSTR-PERP | −0.061% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Coinbase International MSTR-PERP-INTXshort | −0.048% | +0.0160% | 1h | $1.5M | $1.2M | 10x | |
| Ondo Perps MSTR-USD.P | −0.042% | +0.0050% | 1h | $843K | $4.3M | 10x | as long as short |
| Pacifica MSTR | −0.036% | +0.0100% | 1h | $101K | $176K | 10x | as long as short |
| Aster MSTRUSDT | −0.012% | +0.0447% | 8h | $1.6M | $5.0M | 50x | as long as short |
| RISEx MSTR/USDC | −0.012% | +0.0566% | 1h | $196K | $392K | 10x | as long as short |
| QFEX MSTR-USD | 0.000% | +0.0057% | 1h | $1.3M | $8.9M | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | 0.000% | +0.0116% | 8h | $66 | — | 5x | |
| Vest MSTR-USD-PERP | +0.012% | +0.0046% | 1h | — | $1.3M | 25x | as long as short |
| Arcus MSTR-USD | +0.024% | +0.0991% | 1h | $26K | $123K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.030% | +0.0136% | 8h | $3.2M | $2.1M | 20x | as long as short |
| Lighter MSTR | +0.048% | +0.0160% | 1h | $3.6M | $2.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.060% | +0.0542% | 8h | $1.1M | $1.4M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.066% | +0.0100% | 1h | $132K | $2.4M | 50x | as long as short |
| edgeX MSTRUSDC | +0.101% | +0.0698% | 4h | $61K | $4.1M | 10x | as long as short |
| Variational Omni MSTR | +0.178% | +0.0342% | 8h | $1.3M | $2.1M | — | as long as short |
| Phoenix MSTR | +0.318% | +0.0320% | 1h | $54K | $334K | 10x | as long as short |