Spread before costs (cost unknown: a leg has no order-book sample)−0.150%
7d average−0.035%if it closes, per $10,000$15funding while held, a day+$1.24
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MSTRUSDT | 166.17 | 0 | get 0.0000% / 4h | 3h 38m | $2.8M | $39K | 10x |
| Short | QFEX MSTR-USD | 165.92 | 0.0041 | get 0.0005% / 1h | 38m 21s | $1.3M | $9.3M | 10x |
Phemex MSTRUSDT
QFEX MSTR-USDPrice 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
- −$15.04
- Funding while held
- $1.24
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$35.81
- Spread needed to break even
- 0.220%
Slippage unknown: Phemex: live order book, 2 min ago; QFEX: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0041%
- Per $10,000 a day
- +$1.24
- 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, 2 min ago | 5.42 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.51 bp | 6.5 bp −$7 | 6.5 bp −$65 | 10.3 bp −$1,030 | doesn't fit |
MSTR price on every exchange
against the cheapest. Click to use as the short leg.Phoenix165.76cheapestExtended165.76+0.001%Ondo Perps165.80+0.025%Nado165.81+0.034%Vest165.82+0.037%Bitget165.89+0.079%
Phoenix
Extended
Ondo Perps
Nado
Vest
BitgetQFEX165.92+0.097%
Polymarket Perps165.92+0.097%tradeXYZ165.94+0.109%KuCoin165.94+0.109%Paradex165.95+0.116%Gate165.96+0.121%Arcus165.97+0.127%Pacifica165.99+0.140%Lighter166.00+0.145%Coinbase International166.00+0.145%RISEx166.01+0.153%ApeX Omni166.02+0.157%Binance166.06+0.179%Aster166.07+0.188%Orderly166.08+0.194%Variational Omni166.08+0.195%Bybit166.09+0.200%OKX166.11+0.212%SoDEX166.13+0.224%Aevo166.13+0.224%Injective166.15+0.236%BloFin166.15+0.236%
Polymarket Perps
tradeXYZ
KuCoin
Paradex
Gate
Arcus
Pacifica
Lighter
Coinbase International
RISEx
ApeX Omni
Binance
Aster
Orderly
Variational Omni
Bybit
OKX
SoDEX
Aevo
Injective
BloFinPhemex166.17+0.248%
edgeX166.17+0.248%Deribit166.18+0.254%
DeribitMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | −0.247% | +0.0226% | 1h | $55K | $380K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.247% | +0.0032% | 1h | $499K | $2.2M | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.223% | +0.0050% | 1h | $884K | $4.4M | 10x | as long as short |
| Nado MSTR-PERP | −0.214% | +0.0141% | 1h | $125K | $257K | 3x | as long as short |
| Vest MSTR-USD-PERP | −0.211% | +0.0046% | 1h | — | $1.7M | 25x | as long as short |
| Bitget MSTRUSDT | −0.169% | +0.0324% | 8h | $28.9M | $110.7M | 25x | as long as short |
| QFEX MSTR-USDshort | −0.150% | +0.0041% | 1h | $1.3M | $9.3M | 10x | |
| Polymarket Perps MSTR-USD | −0.150% | +0.0050% | 1h | $409K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.138% | +0.0163% | 1h | $56.7M | $31.2M | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.138% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MSTR-USD-PERP | −0.131% | +0.0110% | 8h | $66 | — | 5x | as long as short |
| Gate MSTR_USDT | −0.126% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| Arcus MSTR-USD | −0.120% | +0.0612% | 1h | $26K | $126K | 10x | as long as short |
| Pacifica MSTR | −0.108% | +0.0100% | 1h | $101K | $152K | 10x | as long as short |
| Lighter MSTR | −0.102% | +0.0056% | 1h | $3.6M | $2.8M | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.102% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| RISEx MSTR/USDC | −0.095% | +0.0277% | 1h | $293K | $478K | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.090% | +0.0100% | 1h | $129K | $1.8M | 50x | as long as short |
| Binance MSTRUSDT | −0.069% | +0.0307% | 8h | $89.5M | $555.2M | 50x | as long as short |
| Aster MSTRUSDT | −0.059% | +0.0300% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.054% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Variational Omni MSTR | −0.053% | +0.0254% | 8h | $1.2M | $2.2M | — | as long as short |
| Bybit MSTRUSDT | −0.048% | +0.0386% | 8h | $15.4M | $41.7M | 50x | as long as short |
| OKX MSTR-USDT-SWAP | −0.036% | +0.0265% | 8h | $22.2M | $100.8M | 50x | as long as short |
| SoDEX MSTR-USD | −0.024% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aevo MSTR-PERP | −0.024% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.012% | +0.0312% | 1h | $12K | $93K | 30x | as long as short |
| BloFin MSTR-USDT | −0.012% | +0.0429% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Phemex MSTRUSDTlong | 0.000% | 0.0000% | 4h | $2.8M | $39K | 10x | |
| edgeX MSTRUSDC | 0.000% | +0.0922% | 4h | $44K | $4.9M | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.006% | +0.0774% | 1h | $282K | $454K | 10x | as long as short |