Spread before costs (cost unknown: a leg has no order-book sample)+0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$2.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MSTR-USD-PERP | 165.97 | 0.0069 | pay 0.0069% / 8h | 6h 30m | $66 | — | 5x |
| Short | OKX MSTR-USDT-SWAP | 165.97 | 0.0168 | get 0.0168% / 8h | 6h 30m | $22.2M | $102.4M | 50x |
Paradex MSTR-USD-PERP
OKX MSTR-USDT-SWAPPrice 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
- $0.3
- Funding while held
- $2.97
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$10.73
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0099%
- Per $10,000 a day
- +$2.97
- 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 OKX live order book, 5 min ago | 0.30 bp | 7.2 bp −$7 | 11.6 bp −$116 | 32.6 bp −$3,256 | 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.Coinbase International165.79cheapestExtended165.88+0.054%tradeXYZ165.91+0.072%Binance165.95+0.098%Lighter165.96+0.103%Pacifica165.96+0.105%
Coinbase International
Extended
tradeXYZ
Binance
Lighter
PacificaParadex165.97+0.106%
OKX165.97+0.109%
KuCoin165.97+0.109%Bitget165.99+0.121%RISEx165.99+0.121%Aster166.01+0.131%Bybit166.01+0.133%QFEX166.01+0.133%Gate166.03+0.145%Arcus166.06+0.163%SoDEX166.08+0.175%Phemex166.08+0.175%Orderly166.12+0.199%BloFin166.12+0.199%Aevo166.14+0.213%Deribit166.19+0.241%Injective166.20+0.247%Polymarket Perps166.21+0.253%ApeX Omni166.23+0.265%Nado166.25+0.278%Vest166.29+0.302%Phoenix166.35+0.335%Ondo Perps166.38+0.356%edgeX166.42+0.381%Variational Omni166.45+0.401%
KuCoin
Bitget
RISEx
Aster
Bybit
QFEX
Gate
Arcus
SoDEX
Phemex
Orderly
BloFin
Aevo
Deribit
Injective
Polymarket Perps
ApeX Omni
Nado
Vest
Phoenix
Ondo Perps
Variational OmniMSTR 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 | −0.105% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.051% | +0.0032% | 1h | $493K | $2.0M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.033% | +0.0050% | 1h | $56.2M | $32.1M | 10x | as long as short |
| Binance MSTRUSDT | −0.008% | +0.0205% | 8h | $88.3M | $579.3M | 50x | as long as short |
| Lighter MSTR | −0.003% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Pacifica MSTR | −0.001% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Paradex MSTR-USD-PERPlong | 0.000% | +0.0069% | 8h | $66 | — | 5x | |
| OKX MSTR-USDT-SWAPshort | +0.003% | +0.0168% | 8h | $22.2M | $102.4M | 50x | |
| KuCoin MSTRUSDTM | +0.003% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| Bitget MSTRUSDT | +0.015% | +0.0236% | 8h | $28.6M | $112.1M | 25x | as long as short |