Spread before costs (cost unknown: a leg has no order-book sample)+0.006%
7d average—if it closes, per $10,000$1funding while held, a day+$0.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 167.04 | 0.0081 | pay 0.0010% / 1h | 39m 42s | $409K | $2.1M | 10x |
| Short | Orderly PERP_MSTR_USDC_mythos | 167.05 | 0.0100 | get 0.0100% / 8h | 39m 42s | $3K | $13K | 10x |
Polymarket Perps MSTR-USD
Orderly PERP_MSTR_USDC_mythosPrice 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
- $0.6
- Funding while held
- $0.58
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$12.82
- Spread needed to break even
- 0.140%
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0019%
- Per $10,000 a day
- +$0.58
- 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 Polymarket Perps live order book, 5 min ago | 1.79 bp | 8.8 bp −$9 | 9.8 bp −$98 | 11.1 bp −$1,109 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.OKX166.43cheapestBybit166.54+0.066%Paradex166.60+0.105%Pacifica166.63+0.121%KuCoin166.67+0.144%Extended166.69+0.156%tradeXYZ166.70+0.162%Binance166.70+0.162%Lighter166.72+0.174%Bitget166.74+0.186%Aster166.76+0.198%Gate166.84+0.246%ApeX Omni166.84+0.246%Coinbase International166.86+0.258%Phemex166.92+0.294%Injective166.94+0.306%SoDEX166.96+0.318%BloFin166.99+0.336%
OKX
Bybit
Paradex
Pacifica
KuCoin
Extended
tradeXYZ
Binance
Lighter
Bitget
Aster
Gate
ApeX Omni
Coinbase International
Phemex
Injective
SoDEX
BloFinPolymarket Perps167.04+0.367%
Nado167.04+0.369%
NadoOrderly167.05+0.373%
Aevo167.06+0.380%Vest167.07+0.385%Deribit167.07+0.385%Ondo Perps167.09+0.397%Variational Omni167.10+0.402%QFEX167.11+0.409%Arcus167.13+0.421%edgeX167.14+0.427%RISEx167.21+0.466%Phoenix167.23+0.482%
Aevo
Vest
Deribit
Ondo Perps
Variational Omni
QFEX
Arcus
RISEx
PhoenixMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MSTR-USDT-SWAP | −0.365% | +0.0324% | 8h | $22.2M | $100.2M | 50x | as long as short |
| Bybit MSTRUSDT | −0.299% | +0.0243% | 8h | $15.5M | $43.3M | 50x | as long as short |
| Paradex MSTR-USD-PERP | −0.260% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| Pacifica MSTR | −0.245% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.222% | +0.0175% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Extended MSTR_24_5-USD | −0.210% | +0.0104% | 1h | $511K | $2.2M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.204% | +0.0251% | 1h | $57.0M | $31.4M | 10x | as long as short |
| Binance MSTRUSDT | −0.204% | +0.0380% | 8h | $89.2M | $530.8M | 50x | as long as short |
| Lighter MSTR | −0.192% | +0.0176% | 1h | $3.6M | $2.9M | 10x | as long as short |
| Bitget MSTRUSDT | −0.180% | +0.0376% | 8h | $29.2M | $110.0M | 25x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster MSTRUSDT | −0.168% | +0.0395% | 8h | $1.3M | $5.9M | 50x | as long as short |
| Gate MSTR_USDT | −0.120% | 0.0000% | 8h | $4.9M | $18.6M | 50x | as long as short |
| ApeX Omni MSTRUSDT | −0.120% | +0.0100% | 1h | $133K | $2.1M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | −0.108% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Phemex MSTRUSDT | −0.072% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Injective MSTR/USDC PERP | −0.060% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| SoDEX MSTR-USD | −0.048% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| BloFin MSTR-USDT | −0.030% | +0.0501% | 8h | $1.1M | $1.4M | 20x | as long as short |
| Polymarket Perps MSTR-USDlong | 0.000% | +0.0081% | 1h | $409K | $2.1M | 10x | |
| Nado MSTR-PERP | +0.002% | +0.0076% | 1h | $128K | $260K | 3x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.006% | +0.0100% | 8h | $3K | $13K | 10x | |
| Aevo MSTR-PERP | +0.013% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.018% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.018% | +0.0769% | 1h | $284K | $456K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.030% | +0.0050% | 1h | $913K | $4.6M | 10x | as long as short |
| Variational Omni MSTR | +0.035% | +0.0315% | 8h | $1.3M | $2.2M | — | as long as short |
| QFEX MSTR-USD | +0.042% | +0.0057% | 1h | $1.3M | $9.2M | 10x | as long as short |
| Arcus MSTR-USD | +0.054% | +0.0705% | 1h | $26K | $123K | 10x | as long as short |
| edgeX MSTRUSDC | +0.061% | +0.0340% | 4h | $62K | $4.6M | 10x | as long as short |
| RISEx MSTR/USDC | +0.099% | +0.0486% | 1h | $305K | $460K | 10x | as long as short |
| Phoenix MSTR | +0.115% | +0.0216% | 1h | $54K | $364K | 10x | as long as short |