Spread before costs (cost unknown: a leg has no order-book sample)−0.126%
7d average—if it closes, per $10,000$13funding while held, a day+$1.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSTR-USD | 166.72 | 0.0057 | pay 0.0007% / 1h | 38m 36s | $1.3M | $9.2M | 10x |
| Short | Orderly PERP_MSTR_USDC_mythos | 166.51 | 0.0100 | get 0.0100% / 8h | 38m 36s | $3K | $13K | 10x |
QFEX 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
- −$12.6
- Funding while held
- $1.3
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$27.3
- Spread needed to break even
- 0.160%
Slippage unknown: QFEX: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0043%
- Per $10,000 a day
- +$1.30
- 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 QFEX live order book, 7 min ago | 1.49 bp | 6.5 bp −$6 | 6.5 bp −$65 | 13.0 bp −$1,298 | 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.Nado166.16cheapestPolymarket Perps166.32+0.094%Phoenix166.36+0.120%Ondo Perps166.42+0.154%Phemex166.47+0.185%Deribit166.50+0.203%
Nado
Polymarket Perps
Phoenix
Ondo Perps
Phemex
DeribitOrderly166.51+0.209%
Aevo166.52+0.213%Vest166.55+0.233%Extended166.55+0.234%BloFin166.56+0.239%SoDEX166.59+0.257%Aster166.60+0.263%KuCoin166.68+0.311%Paradex166.69+0.314%OKX166.70+0.323%Binance166.71+0.331%Pacifica166.72+0.333%tradeXYZ166.72+0.335%Lighter166.72+0.335%
Aevo
Vest
Extended
BloFin
SoDEX
Aster
KuCoin
Paradex
OKX
Binance
Pacifica
tradeXYZ
LighterQFEX166.72+0.335%
Gate166.72+0.335%Bitget166.74+0.347%Bybit166.77+0.365%Arcus166.82+0.395%RISEx166.83+0.401%ApeX Omni166.84+0.407%Coinbase International166.86+0.419%Injective166.94+0.467%Variational Omni167.10+0.563%edgeX167.13+0.584%
Gate
Bitget
Bybit
Arcus
RISEx
ApeX Omni
Coinbase International
Injective
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado MSTR-PERP | −0.334% | +0.0076% | 1h | $128K | $260K | 3x | as long as short |
| Polymarket Perps MSTR-USD | −0.240% | +0.0071% | 1h | $407K | $2.1M | 10x | as long as short |
| Phoenix MSTR | −0.214% | +0.0216% | 1h | $56K | $364K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | −0.180% | +0.0050% | 1h | $913K | $4.5M | 10x | as long as short |
| Phemex MSTRUSDT | −0.150% | 0.0000% | 4h | $2.8M | $36K | 10x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | −0.132% | +0.0652% | 1h | $283K | $456K | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | −0.126% | +0.0100% | 8h | $3K | $13K | 10x | |
| Aevo MSTR-PERP | −0.122% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Vest MSTR-USD-PERP | −0.102% | +0.0046% | 1h | — | $1.6M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.100% | +0.0096% | 1h | $508K | $2.2M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin MSTR-USDT | −0.096% | +0.0500% | 8h | $1.1M | $1.4M | 20x | as long as short |
| SoDEX MSTR-USD | −0.078% | +0.0050% | 1h | $44K | $3K | 10x | as long as short |
| Aster MSTRUSDT | −0.072% | +0.0391% | 8h | $1.3M | $5.9M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.024% | +0.0173% | 8h | $2.6M | $2.6M | 20x | as long as short |
| Paradex MSTR-USD-PERP | −0.021% | +0.0133% | 8h | $67 | — | 5x | as long as short |
| OKX MSTR-USDT-SWAP | −0.012% | +0.0321% | 8h | $22.2M | $100.4M | 50x | as long as short |
| Binance MSTRUSDT | −0.004% | +0.0379% | 8h | $89.2M | $530.9M | 50x | as long as short |
| Pacifica MSTR | −0.002% | +0.0100% | 1h | $102K | $164K | 10x | as long as short |
| tradeXYZ xyz:MSTR | 0.000% | +0.0253% | 1h | $57.0M | $31.5M | 10x | as long as short |
| Lighter MSTR | 0.000% | +0.0176% | 1h | $3.6M | $2.9M | 10x | as long as short |
| QFEX MSTR-USDlong | 0.000% | +0.0057% | 1h | $1.3M | $9.2M | 10x | |
| Gate MSTR_USDT | 0.000% | 0.0000% | 8h | $4.9M | $18.6M | 50x | as long as short |
| Bitget MSTRUSDT | +0.012% | +0.0375% | 8h | $29.2M | $110.0M | 25x | as long as short |
| Bybit MSTRUSDT | +0.030% | +0.0244% | 8h | $15.6M | $43.3M | 50x | as long as short |
| Arcus MSTR-USD | +0.060% | +0.0705% | 1h | $26K | $125K | 10x | as long as short |
| RISEx MSTR/USDC | +0.066% | +0.0486% | 1h | $305K | $460K | 10x | as long as short |
| ApeX Omni MSTRUSDT | +0.072% | +0.0100% | 1h | $133K | $2.1M | 50x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.084% | +0.0112% | 1h | $1.5M | $1.2M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.132% | +0.0033% | 1h | $12K | $97K | 30x | as long as short |
| Variational Omni MSTR | +0.227% | +0.0315% | 8h | $1.3M | $2.2M | — | as long as short |
| edgeX MSTRUSDC | +0.248% | +0.0953% | 4h | $62K | $4.6M | 10x | as long as short |