Spread before costs (cost unknown: a leg has no order-book sample)+0.144%
7d average−0.027%if it closes, per $10,000$14funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 166.53 | 0 | get 0.0000% / 4h | 31m 53s | $2.8M | $36K | 10x |
| Short | ApeX Omni MSTRUSDT | 166.77 | 0.0100 | get 0.0013% / 1h | 31m 53s | $133K | $2.0M | 50x |
Phemex MSTRUSDT
ApeX Omni 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
- $14.41
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$4.59
- Spread needed to break even
- 0.220%
Slippage unknown: Phemex: live order book, 3 min ago; ApeX Omni: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Phemex live order book, 3 min ago | 22.57 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 4 min ago | 2.70 bp | 51.2 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Injective166.35cheapestExtended166.42+0.042%tradeXYZ166.43+0.048%SoDEX166.45+0.060%Nado166.47+0.071%Lighter166.47+0.072%Orderly166.47+0.072%Deribit166.47+0.072%Bitget166.48+0.078%Aster166.50+0.092%Aevo166.51+0.093%KuCoin166.51+0.096%Binance166.53+0.108%
Injective
Extended
tradeXYZ
SoDEX
Nado
Lighter
Orderly
Deribit
Bitget
Aster
Aevo
KuCoin
BinancePhemex166.53+0.108%
Pacifica166.56+0.125%Variational Omni166.58+0.138%Vest166.59+0.144%OKX166.60+0.150%Gate166.60+0.150%Polymarket Perps166.63+0.168%Paradex166.64+0.171%Bybit166.64+0.174%QFEX166.67+0.192%Ondo Perps166.68+0.198%Coinbase International166.68+0.198%RISEx166.70+0.210%Arcus166.71+0.216%
Pacifica
Variational Omni
Vest
OKX
Gate
Polymarket Perps
Paradex
Bybit
QFEX
Ondo Perps
Coinbase International
RISEx
ArcusApeX Omni166.77+0.252%
BloFin166.79+0.265%Phoenix166.80+0.272%edgeX166.88+0.316%
BloFin
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MSTR/USDC PERP | −0.108% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Extended MSTR_24_5-USD | −0.066% | +0.0088% | 1h | $508K | $2.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.060% | +0.0226% | 1h | $57.1M | $31.6M | 10x | as long as short |
| SoDEX MSTR-USD | −0.048% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Nado MSTR-PERP | −0.037% | +0.0060% | 1h | $128K | $260K | 3x | as long as short |
| Lighter MSTR | −0.036% | +0.0144% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.036% | +0.0100% | 8h | $3K | $13K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.036% | +0.0351% | 1h | $283K | $460K | 10x | as long as short |
| Bitget MSTRUSDT | −0.030% | +0.0367% | 8h | $29.1M | $110.3M | 25x | as long as short |
| Aster MSTRUSDT | −0.017% | +0.0382% | 8h | $1.3M | $5.9M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo MSTR-PERP | −0.015% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.012% | +0.0161% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Binance MSTRUSDT | 0.000% | +0.0371% | 8h | $88.9M | $533.9M | 50x | as long as short |
| Phemex MSTRUSDTlong | 0.000% | 0.0000% | 4h | $2.8M | $36K | 10x | |
| Pacifica MSTR | +0.016% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| Variational Omni MSTR | +0.030% | +0.0312% | 8h | $1.3M | $2.2M | — | as long as short |
| Vest MSTR-USD-PERP | +0.036% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| OKX MSTR-USDT-SWAP | +0.042% | +0.0314% | 8h | $22.2M | $100.8M | 50x | as long as short |
| Gate MSTR_USDT | +0.042% | 0.0000% | 8h | $4.9M | $18.7M | 50x | as long as short |
| Polymarket Perps MSTR-USD | +0.060% | +0.0054% | 1h | $408K | $2.1M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.063% | +0.0127% | 8h | $67 | — | 5x | as long as short |
| Bybit MSTRUSDT | +0.066% | +0.0244% | 8h | $15.5M | $43.5M | 50x | as long as short |
| QFEX MSTR-USD | +0.084% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.090% | +0.0050% | 1h | $912K | $4.6M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.090% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| RISEx MSTR/USDC | +0.102% | +0.0486% | 1h | $304K | $460K | 10x | as long as short |
| Arcus MSTR-USD | +0.108% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| ApeX Omni MSTRUSDTshort | +0.144% | +0.0100% | 1h | $133K | $2.0M | 50x | |
| BloFin MSTR-USDT | +0.156% | +0.0492% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Phoenix MSTR | +0.164% | +0.0216% | 1h | $56K | $364K | 10x | as long as short |
| edgeX MSTRUSDC | +0.208% | +0.0496% | 4h | $63K | $4.6M | 10x | as long as short |