Spread before costs (cost unknown: a leg has no order-book sample)+0.180%
7d average−0.015%if it closes, per $10,000$18funding while held, a day+$14.67
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 166.25 | 0 | get 0.0000% / 4h | 31m 12s | $2.8M | $36K | 10x |
| Short | BloFin MSTR-USDT | 166.55 | 0.0489 | get 0.0489% / 8h | 31m 12s | $1.1M | $1.4M | 20x |
Phemex MSTRUSDT
BloFin MSTR-USDTPrice 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
- $18.05
- Funding while held
- $14.67
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $8.71
- Spread needed to break even
- 0.240%
Slippage unknown: Phemex: live order book, 4 min ago; BloFin: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0489%
- Per $10,000 a day
- +$14.67
- 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, 4 min ago | 22.57 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.90 bp | 8.3 bp −$8 | 12.3 bp −$123 | 28.4 bp −$2,843 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phemex166.25cheapest
Injective166.35+0.060%Coinbase International166.38+0.078%OKX166.39+0.084%tradeXYZ166.40+0.090%Extended166.43+0.105%Nado166.43+0.109%Binance166.45+0.120%Bybit166.45+0.120%Gate166.45+0.120%Vest166.46+0.126%Bitget166.47+0.132%Lighter166.52+0.162%Orderly166.52+0.162%KuCoin166.53+0.168%SoDEX166.53+0.168%Polymarket Perps166.54+0.174%Aster166.55+0.180%QFEX166.55+0.180%
Injective
Coinbase International
OKX
tradeXYZ
Extended
Nado
Binance
Bybit
Gate
Vest
Bitget
Lighter
Orderly
KuCoin
SoDEX
Polymarket Perps
Aster
QFEXBloFin166.55+0.180%
Paradex166.56+0.188%Pacifica166.56+0.189%Variational Omni166.58+0.198%Deribit166.58+0.198%Aevo166.60+0.213%Arcus166.65+0.241%RISEx166.66+0.244%Ondo Perps166.68+0.259%ApeX Omni166.72+0.283%Phoenix166.80+0.333%edgeX166.85+0.362%
Paradex
Pacifica
Variational Omni
Deribit
Aevo
Arcus
RISEx
Ondo Perps
ApeX Omni
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex MSTRUSDTlong | 0.000% | 0.0000% | 4h | $2.8M | $36K | 10x | |
| Injective MSTR/USDC PERP | +0.060% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.078% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.084% | +0.0312% | 8h | $22.2M | $100.7M | 50x | as long as short |
| tradeXYZ xyz:MSTR | +0.090% | +0.0222% | 1h | $57.0M | $31.6M | 10x | as long as short |
| Extended MSTR_24_5-USD | +0.105% | +0.0080% | 1h | $508K | $2.2M | 10x | as long as short |
| Nado MSTR-PERP | +0.109% | +0.0055% | 1h | $128K | $260K | 3x | as long as short |
| Binance MSTRUSDT | +0.120% | +0.0369% | 8h | $88.9M | $534.1M | 50x | as long as short |
| Bybit MSTRUSDT | +0.120% | +0.0244% | 8h | $15.5M | $43.6M | 50x | as long as short |
| Gate MSTR_USDT | +0.120% | 0.0000% | 8h | $4.9M | $18.8M | 50x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.126% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Bitget MSTRUSDT | +0.132% | +0.0365% | 8h | $29.1M | $110.3M | 25x | as long as short |
| Lighter MSTR | +0.162% | +0.0144% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.162% | +0.0100% | 8h | $3K | $13K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.168% | +0.0158% | 8h | $2.6M | $2.6M | 20x | as long as short |
| SoDEX MSTR-USD | +0.168% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Polymarket Perps MSTR-USD | +0.174% | +0.0050% | 1h | $408K | $2.1M | 10x | as long as short |
| Aster MSTRUSDT | +0.180% | +0.0377% | 8h | $1.3M | $5.9M | 50x | as long as short |
| QFEX MSTR-USD | +0.180% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| BloFin MSTR-USDTshort | +0.180% | +0.0489% | 8h | $1.1M | $1.4M | 20x | |
| Paradex MSTR-USD-PERP | +0.188% | +0.0125% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | +0.189% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| Variational Omni MSTR | +0.198% | +0.0312% | 8h | $1.3M | $2.2M | — | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.198% | +0.0531% | 1h | $283K | $460K | 10x | as long as short |
| Aevo MSTR-PERP | +0.213% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Arcus MSTR-USD | +0.241% | +0.0705% | 1h | $26K | $126K | 10x | as long as short |
| RISEx MSTR/USDC | +0.244% | +0.0486% | 1h | $304K | $460K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.259% | +0.0050% | 1h | $909K | $4.6M | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.283% | +0.0100% | 1h | $132K | $2.0M | 50x | as long as short |
| Phoenix MSTR | +0.333% | +0.0216% | 1h | $55K | $364K | 10x | as long as short |
| edgeX MSTRUSDC | +0.362% | +0.0172% | 4h | $63K | $4.6M | 10x | as long as short |