Spread before costs (cost unknown: a leg has no order-book sample)−0.024%
7d average−0.042%if it closes, per $10,000$2funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 166.16 | 0 | get 0.0000% / 4h | 3h 34m | $2.8M | $39K | 10x |
| Short | KuCoin MSTRUSDTM | 166.12 | 0.0100 | get 0.0100% / 8h | 7h 34m | $2.5M | $2.6M | 20x |
Phemex MSTRUSDT
KuCoin MSTRUSDTMPrice 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
- −$2.41
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$23.41
- Spread needed to break even
- 0.240%
Slippage unknown: Phemex: live order book, 6 min ago; KuCoin: live order book, 9 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, 6 min ago | 5.42 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 2.11 bp | 19.0 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International165.91cheapestNado166.00+0.055%Phoenix166.03+0.072%Ondo Perps166.03+0.072%Vest166.03+0.072%Extended166.06+0.087%BloFin166.08+0.102%tradeXYZ166.09+0.108%Polymarket Perps166.10+0.115%edgeX166.11+0.118%Pacifica166.12+0.125%
Coinbase International
Nado
Phoenix
Ondo Perps
Vest
Extended
BloFin
tradeXYZ
Polymarket Perps
PacificaKuCoin166.12+0.127%
Gate166.13+0.133%Aster166.14+0.140%ApeX Omni166.15+0.145%Injective166.15+0.145%
Gate
Aster
ApeX Omni
InjectivePhemex166.16+0.151%
Lighter166.17+0.157%Paradex166.17+0.158%RISEx166.17+0.160%Binance166.18+0.162%Bitget166.18+0.163%Orderly166.18+0.163%SoDEX166.18+0.163%QFEX166.19+0.169%Aevo166.19+0.170%Bybit166.21+0.181%Variational Omni166.23+0.192%OKX166.23+0.193%Arcus166.24+0.199%Deribit166.24+0.199%
Lighter
Paradex
RISEx
Binance
Bitget
Orderly
SoDEX
QFEX
Aevo
Bybit
Variational Omni
OKX
Arcus
DeribitMSTR 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 | −0.150% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Nado MSTR-PERP | −0.095% | +0.0134% | 1h | $125K | $257K | 3x | as long as short |
| Phoenix MSTR | −0.079% | +0.0226% | 1h | $56K | $380K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.078% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.078% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.063% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| BloFin MSTR-USDT | −0.048% | +0.0419% | 8h | $1.1M | $1.4M | 20x | as long as short |
| tradeXYZ xyz:MSTR | −0.042% | +0.0152% | 1h | $57.1M | $31.5M | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.036% | +0.0050% | 1h | $408K | $2.3M | 10x | as long as short |
| edgeX MSTRUSDC | −0.032% | +0.0205% | 4h | $45K | $4.9M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica MSTR | −0.026% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| KuCoin MSTRUSDTMshort | −0.024% | +0.0100% | 8h | $2.5M | $2.6M | 20x | |
| Gate MSTR_USDT | −0.018% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| Aster MSTRUSDT | −0.011% | +0.0290% | 8h | $1.3M | $6.0M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.006% | +0.0100% | 1h | $130K | $1.8M | 50x | as long as short |
| Injective MSTR/USDC PERP | −0.006% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| Phemex MSTRUSDTlong | 0.000% | 0.0000% | 4h | $2.8M | $39K | 10x | |
| Lighter MSTR | +0.006% | +0.0048% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Paradex MSTR-USD-PERP | +0.007% | +0.0107% | 8h | $66 | — | 5x | as long as short |
| RISEx MSTR/USDC | +0.009% | +0.0277% | 1h | $293K | $468K | 10x | as long as short |
| Binance MSTRUSDT | +0.011% | +0.0297% | 8h | $89.7M | $555.6M | 50x | as long as short |
| Bitget MSTRUSDT | +0.012% | +0.0323% | 8h | $28.9M | $110.8M | 25x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.012% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| SoDEX MSTR-USD | +0.012% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| QFEX MSTR-USD | +0.018% | +0.0041% | 1h | $1.3M | $9.3M | 10x | as long as short |
| Aevo MSTR-PERP | +0.019% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Bybit MSTRUSDT | +0.030% | +0.0443% | 8h | $15.4M | $41.8M | 50x | as long as short |
| Variational Omni MSTR | +0.042% | +0.0241% | 8h | $1.2M | $2.2M | — | as long as short |
| OKX MSTR-USDT-SWAP | +0.042% | +0.0259% | 8h | $22.2M | $100.9M | 50x | as long as short |
| Arcus MSTR-USD | +0.048% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.048% | +0.0774% | 1h | $282K | $454K | 10x | as long as short |