Spread before costs (cost unknown: a leg has no order-book sample)−0.139%
7d average—if it closes, per $10,000$14funding while held, a day+$0.26
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MSTR-USD | 165.57 | 0.0041 | pay 0.0005% / 1h | 29m 09s | $1.3M | $9.5M | 10x |
| Short | SoDEX MSTR-USD | 165.34 | 0.0050 | get 0.0006% / 1h | 29m 09s | $43K | $3K | 10x |
QFEX MSTR-USD
SoDEX 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
- −$13.89
- Funding while held
- $0.26
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$31.63
- Spread needed to break even
- 0.180%
Slippage unknown: QFEX: live order book, 6 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0009%
- Per $10,000 a day
- +$0.26
- 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, 6 min ago | 1.20 bp | 6.2 bp −$6 | 8.2 bp −$82 | 11.9 bp −$1,191 | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.Lighter165.28cheapestBloFin165.32+0.024%OKX165.33+0.030%Bitget165.33+0.030%Extended165.34+0.034%
Lighter
BloFin
OKX
Bitget
ExtendedSoDEX165.34+0.036%
Phemex165.36+0.048%Bybit165.37+0.054%Binance165.37+0.057%Gate165.39+0.067%KuCoin165.39+0.067%Deribit165.39+0.067%tradeXYZ165.53+0.151%Coinbase International165.53+0.151%Aevo165.54+0.159%Nado165.55+0.165%Pacifica165.56+0.170%Paradex165.57+0.175%Ondo Perps165.57+0.175%
Phemex
Bybit
Binance
Gate
KuCoin
Deribit
tradeXYZ
Coinbase International
Aevo
Nado
Pacifica
Paradex
Ondo PerpsQFEX165.57+0.175%
Polymarket Perps165.57+0.175%Orderly165.58+0.182%Vest165.60+0.194%Aster165.64+0.218%Arcus165.65+0.224%RISEx165.67+0.233%ApeX Omni166.08+0.484%Injective166.20+0.557%Phoenix166.35+0.645%edgeX166.42+0.690%Variational Omni166.45+0.710%
Polymarket Perps
Orderly
Vest
Aster
Arcus
RISEx
ApeX Omni
Injective
Phoenix
Variational OmniMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter MSTR | −0.175% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| BloFin MSTR-USDT | −0.151% | +0.0323% | 8h | $1.1M | $1.5M | 20x | as long as short |
| OKX MSTR-USDT-SWAP | −0.145% | +0.0163% | 8h | $22.2M | $102.0M | 50x | as long as short |
| Bitget MSTRUSDT | −0.145% | +0.0235% | 8h | $28.5M | $112.2M | 25x | as long as short |
| Extended MSTR_24_5-USD | −0.141% | +0.0032% | 1h | $491K | $2.0M | 10x | as long as short |
| SoDEX MSTR-USDshort | −0.139% | +0.0050% | 1h | $43K | $3K | 10x | |
| Phemex MSTRUSDT | −0.127% | 0.0000% | 4h | $2.8M | $43K | 10x | as long as short |
| Bybit MSTRUSDT | −0.121% | +0.0134% | 8h | $15.3M | $41.7M | 50x | as long as short |
| Binance MSTRUSDT | −0.118% | +0.0203% | 8h | $87.9M | $579.7M | 50x | as long as short |
| Gate MSTR_USDT | −0.109% | 0.0000% | 8h | $4.8M | $18.5M | 50x | as long as short |