Spread before costs (cost unknown: a leg has no order-book sample)+0.012%
7d average+0.063%if it closes, per $10,000$1funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MSTR-USD | 166.90 | 0.0050 | pay 0.0006% / 1h | 48m 49s | $405K | $2.3M | 10x |
| Short | Phemex MSTRUSDT | 166.92 | 0 | get 0.0000% / 4h | 2h 48m | $2.8M | $42K | 10x |
Polymarket Perps MSTR-USD
Phemex 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
- $1.2
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$20.3
- Spread needed to break even
- 0.200%
Slippage unknown: Polymarket Perps: live order book, 1 min ago; Phemex: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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, 1 min ago | 2.40 bp | 8.2 bp −$8 | 9.8 bp −$98 | 26.8 bp −$2,684 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 14.37 bp | doesn't fit | 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 International166.53cheapestNado166.79+0.154%Ondo Perps166.79+0.156%RISEx166.83+0.183%Paradex166.85+0.194%QFEX166.86+0.198%edgeX166.87+0.202%Arcus166.90+0.222%
Coinbase International
Nado
Ondo Perps
RISEx
Paradex
QFEX
ArcusPolymarket Perps166.90+0.222%
Extended166.90+0.224%Phoenix166.91+0.231%
Extended
PhoenixPhemex166.92+0.234%
Aster166.93+0.240%Pacifica166.93+0.240%OKX166.93+0.240%Lighter166.94+0.246%Orderly166.94+0.246%BloFin166.94+0.246%Deribit166.95+0.252%Binance166.95+0.253%Aevo166.95+0.255%tradeXYZ166.96+0.258%KuCoin166.96+0.258%ApeX Omni166.96+0.258%SoDEX166.96+0.258%Gate166.98+0.270%Bitget166.98+0.270%Vest166.98+0.270%Variational Omni167.00+0.284%Bybit167.01+0.288%Injective167.08+0.330%
Aster
Pacifica
OKX
Lighter
Orderly
BloFin
Deribit
Binance
Aevo
tradeXYZ
KuCoin
ApeX Omni
SoDEX
Gate
Bitget
Vest
Variational Omni
Bybit
InjectiveMSTR 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 | −0.222% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.068% | −0.0031% | 1h | $125K | $243K | 3x | as long as short |
| Ondo Perps MSTR-USD.P | −0.066% | +0.0050% | 1h | $824K | $4.6M | 10x | as long as short |
| RISEx MSTR/USDC | −0.039% | +0.0017% | 1h | $295K | $467K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.028% | +0.0077% | 8h | $67 | — | 5x | as long as short |
| QFEX MSTR-USD | −0.024% | +0.0041% | 1h | $1.3M | $9.4M | 10x | as long as short |
| edgeX MSTRUSDC | −0.021% | +0.0914% | 4h | $49K | $5.0M | 10x | as long as short |
| Arcus MSTR-USD | 0.000% | +0.0599% | 1h | $26K | $130K | 10x | as long as short |
| Polymarket Perps MSTR-USDlong | 0.000% | +0.0050% | 1h | $405K | $2.3M | 10x | |
| Extended MSTR_24_5-USD | +0.002% | +0.0032% | 1h | $495K | $2.1M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix MSTR | +0.009% | +0.0215% | 1h | $55K | $388K | 10x | as long as short |
| Phemex MSTRUSDTshort | +0.012% | 0.0000% | 4h | $2.8M | $42K | 10x | |
| Aster MSTRUSDT | +0.018% | +0.0232% | 8h | $1.3M | $6.0M | 50x | as long as short |
| Pacifica MSTR | +0.018% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.018% | +0.0197% | 8h | $22.5M | $101.6M | 50x | as long as short |
| Lighter MSTR | +0.024% | +0.0032% | 1h | $3.6M | $2.6M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | +0.024% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| BloFin MSTR-USDT | +0.024% | +0.0352% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.030% | 0.0000% | 1h | $284K | $455K | 10x | as long as short |
| Binance MSTRUSDT | +0.031% | +0.0231% | 8h | $90.8M | $568.0M | 50x | as long as short |
| Aevo MSTR-PERP | +0.033% | +0.0104% | 1h | $139 | — | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.036% | +0.0050% | 1h | $56.7M | $32.0M | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.036% | +0.0100% | 8h | $2.6M | $2.6M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.036% | +0.0100% | 1h | $130K | $1.5M | 50x | as long as short |
| SoDEX MSTR-USD | +0.036% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Gate MSTR_USDT | +0.048% | 0.0000% | 8h | $4.8M | $18.3M | 50x | as long as short |
| Bitget MSTRUSDT | +0.048% | +0.0264% | 8h | $28.8M | $111.6M | 25x | as long as short |
| Vest MSTR-USD-PERP | +0.048% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Variational Omni MSTR | +0.061% | +0.0185% | 8h | $1.3M | $2.2M | — | as long as short |
| Bybit MSTRUSDT | +0.066% | +0.0229% | 8h | $15.5M | $41.5M | 50x | as long as short |
| Injective MSTR/USDC PERP | +0.108% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |