Spread before costs (cost unknown: a leg has no order-book sample)−0.021%
7d average—if it closes, per $10,000$2funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx MSTR/USDC | 166.22 | 0 | get 0.0000% / 1h | 4m 57s | $288K | $471K | 10x |
| Short | SoDEX MSTR-USD | 166.19 | 0.0050 | get 0.0006% / 1h | 4m 57s | $44K | $3K | 10x |
RISEx MSTR/USDC
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
- −$2.11
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$14.61
- Spread needed to break even
- 0.140%
Slippage unknown: RISEx: live order book, 30 min ago; SoDEX: no order-book sample. 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 RISEx live order book, 30 min ago | 2.71 bp | 5.7 bp −$6 | 6.6 bp −$66 | doesn't fit | 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.Coinbase International164.72cheapestApeX Omni165.95+0.747%Ondo Perps165.99+0.771%edgeX166.07+0.818%Extended166.08+0.825%Variational Omni166.09+0.832%Phoenix166.09+0.834%Nado166.09+0.835%Phemex166.13+0.856%tradeXYZ166.15+0.868%OKX166.16+0.874%Pacifica166.17+0.879%Bitget166.17+0.880%Binance166.18+0.886%Gate166.18+0.886%KuCoin166.18+0.886%Orderly166.18+0.886%
Coinbase International
ApeX Omni
Ondo Perps
Extended
Variational Omni
Phoenix
Nado
Phemex
tradeXYZ
OKX
Pacifica
Bitget
Binance
Gate
KuCoin
OrderlySoDEX166.19+0.892%
Aevo166.20+0.898%Lighter166.20+0.898%BloFin166.21+0.905%Paradex166.22+0.909%QFEX166.22+0.911%Aster166.22+0.914%
Aevo
Lighter
BloFin
Paradex
QFEX
AsterRISEx166.22+0.914%
Deribit166.24+0.923%Vest166.26+0.935%Polymarket Perps166.26+0.935%Bybit166.27+0.941%Arcus166.28+0.947%Injective166.28+0.947%
Deribit
Vest
Polymarket Perps
Bybit
Arcus
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 | −0.905% | +0.0104% | 1h | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni MSTRUSDT | −0.165% | +0.0100% | 1h | $4K | $1.4M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.141% | +0.0050% | 1h | $776K | $4.7M | 10x | as long as short |
| edgeX MSTRUSDC | −0.095% | +0.0647% | 4h | $45K | $5.2M | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.088% | +0.0032% | 1h | $577K | $2.1M | 10x | as long as short |
| Variational Omni MSTR | −0.081% | +0.0075% | 8h | $1.2M | $2.4M | — | as long as short |
| Phoenix MSTR | −0.079% | +0.0237% | 1h | $55K | $384K | 10x | as long as short |
| Nado MSTR-PERP | −0.078% | +0.0022% | 1h | $124K | $219K | 3x | as long as short |
| Phemex MSTRUSDT | −0.057% | 0.0000% | 4h | $2.8M | $47K | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.045% | +0.0096% | 1h | $56.4M | $34.0M | 10x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX MSTR-USDT-SWAP | −0.039% | +0.0111% | 8h | $22.1M | $102.4M | 50x | as long as short |
| Pacifica MSTR | −0.034% | +0.0100% | 1h | $102K | $152K | 10x | as long as short |
| Bitget MSTRUSDT | −0.033% | +0.0221% | 8h | $28.5M | $113.1M | 25x | as long as short |
| Binance MSTRUSDT | −0.027% | +0.0139% | 8h | $87.4M | $600.2M | 50x | as long as short |
| Gate MSTR_USDT | −0.027% | 0.0000% | 8h | $4.8M | $18.8M | 50x | as long as short |
| KuCoin MSTRUSDTM | −0.027% | +0.0100% | 8h | $2.6M | $2.7M | 20x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.027% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| SoDEX MSTR-USDshort | −0.021% | +0.0050% | 1h | $44K | $3K | 10x | |
| Aevo MSTR-PERP | −0.016% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Lighter MSTR | −0.015% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| BloFin MSTR-USDT | −0.009% | +0.0259% | 8h | $1.1M | $1.6M | 20x | as long as short |
| Paradex MSTR-USD-PERP | −0.004% | +0.0077% | 8h | $66 | — | 5x | as long as short |
| QFEX MSTR-USD | −0.003% | +0.0065% | 1h | $1.4M | $9.8M | 10x | as long as short |
| Aster MSTRUSDT | 0.000% | +0.0123% | 8h | $1.3M | $6.1M | 50x | as long as short |
| RISEx MSTR/USDClong | 0.000% | 0.0000% | 1h | $288K | $471K | 10x | |
| Deribit MSTR_USDC-PERPETUAL | +0.009% | +0.0593% | 1h | $282K | $439K | 10x | as long as short |
| Vest MSTR-USD-PERP | +0.021% | +0.0046% | 1h | — | $1.9M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.021% | +0.0050% | 1h | $405K | $2.4M | 10x | as long as short |
| Bybit MSTRUSDT | +0.027% | +0.0291% | 8h | $15.4M | $40.2M | 50x | as long as short |
| Arcus MSTR-USD | +0.033% | +0.0553% | 1h | $27K | $122K | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.033% | +0.0188% | 1h | $12K | $48K | 30x | as long as short |