Spread before costs (cost unknown: a leg has no order-book sample)−0.265%
7d average—if it closes, per $10,000$27funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MSTR-USD | 165.85 | 0.0050 | pay 0.0006% / 1h | 25m 19s | $44K | $3K | 10x |
| Short | ApeX Omni MSTRUSDT | 165.41 | 0.0100 | get 0.0013% / 1h | 25m 19s | $4K | $1.4M | 50x |
SoDEX MSTR-USD
ApeX Omni 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
- −$26.53
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$43.03
- Spread needed to break even
- 0.180%
Slippage unknown: SoDEX: no order-book sample; ApeX Omni: live order book, just now. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, just now | 3.02 bp | 33.9 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
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.ApeX Omni165.41cheapest
Coinbase International165.53+0.073%Nado165.64+0.137%Aster165.64+0.138%Ondo Perps165.67+0.157%RISEx165.68+0.163%Extended165.69+0.166%edgeX165.69+0.168%Pacifica165.70+0.175%Paradex165.70+0.178%Vest165.71+0.181%Phoenix165.73+0.192%KuCoin165.73+0.193%QFEX165.75+0.206%Orderly165.76+0.212%Aevo165.77+0.216%Polymarket Perps165.78+0.224%tradeXYZ165.80+0.236%OKX165.80+0.236%Lighter165.81+0.242%Phemex165.81+0.242%Binance165.81+0.243%Gate165.82+0.248%BloFin165.84+0.260%Bitget165.85+0.266%
Coinbase International
Nado
Aster
Ondo Perps
RISEx
Extended
Pacifica
Paradex
Vest
Phoenix
KuCoin
QFEX
Orderly
Aevo
Polymarket Perps
tradeXYZ
OKX
Lighter
Phemex
Binance
Gate
BloFin
BitgetSoDEX165.85+0.266%
Arcus165.88+0.284%Bybit165.89+0.290%Deribit165.90+0.296%Variational Omni165.98+0.347%Injective166.20+0.478%
Arcus
Bybit
Deribit
Variational Omni
InjectiveMSTR on 31 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSTRUSDTshort | −0.265% | +0.0100% | 1h | $4K | $1.4M | 50x | |
| Coinbase International MSTR-PERP-INTX | −0.193% | +0.0112% | 1h | $1.5M | $1.1M | 10x | as long as short |
| Nado MSTR-PERP | −0.129% | −0.0021% | 1h | $124K | $244K | 3x | as long as short |
| Aster MSTRUSDT | −0.127% | +0.0187% | 8h | $1.3M | $6.1M | 50x | as long as short |
| Ondo Perps MSTR-USD.P | −0.109% | +0.0050% | 1h | $755K | $4.7M | 10x | as long as short |
| RISEx MSTR/USDC | −0.103% | +0.0017% | 1h | $285K | $465K | 10x | as long as short |
| Extended MSTR_24_5-USD | −0.099% | +0.0032% | 1h | $491K | $2.0M | 10x | as long as short |
| edgeX MSTRUSDC | −0.098% | +0.0075% | 4h | $45K | $5.1M | 10x | as long as short |
| Pacifica MSTR | −0.090% | +0.0100% | 1h | $101K | $153K | 10x | as long as short |
| Paradex MSTR-USD-PERP | −0.088% | +0.0071% | 8h | $66 | — | 5x | as long as short |
Show all 31 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | −0.084% | +0.0046% | 1h | — | $1.8M | 25x | as long as short |
| Phoenix MSTR | −0.074% | +0.0215% | 1h | $53K | $388K | 10x | as long as short |
| KuCoin MSTRUSDTM | −0.072% | +0.0100% | 8h | $2.5M | $2.6M | 20x | as long as short |
| QFEX MSTR-USD | −0.060% | +0.0041% | 1h | $1.3M | $9.5M | 10x | as long as short |
| Orderly PERP_MSTR_USDC_mythos | −0.054% | +0.0100% | 8h | $3K | $12K | 10x | as long as short |
| Aevo MSTR-PERP | −0.050% | +0.0104% | 1h | $138 | — | 10x | as long as short |
| Polymarket Perps MSTR-USD | −0.042% | +0.0050% | 1h | $402K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:MSTR | −0.030% | +0.0054% | 1h | $56.2M | $32.5M | 10x | as long as short |
| OKX MSTR-USDT-SWAP | −0.030% | +0.0163% | 8h | $22.2M | $102.2M | 50x | as long as short |
| Lighter MSTR | −0.024% | +0.0032% | 1h | $3.5M | $2.6M | 10x | as long as short |
| Phemex MSTRUSDT | −0.024% | 0.0000% | 4h | $2.8M | $43K | 10x | as long as short |
| Binance MSTRUSDT | −0.023% | +0.0190% | 8h | $88.1M | $586.3M | 50x | as long as short |
| Gate MSTR_USDT | −0.018% | 0.0000% | 8h | $4.8M | $18.6M | 50x | as long as short |
| BloFin MSTR-USDT | −0.006% | +0.0310% | 8h | $1.1M | $1.5M | 20x | as long as short |
| Bitget MSTRUSDT | 0.000% | +0.0233% | 8h | $28.5M | $112.3M | 25x | as long as short |
| SoDEX MSTR-USDlong | 0.000% | +0.0050% | 1h | $44K | $3K | 10x | |
| Arcus MSTR-USD | +0.018% | +0.0599% | 1h | $27K | $125K | 10x | as long as short |
| Bybit MSTRUSDT | +0.024% | +0.0177% | 8h | $15.4M | $41.8M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.030% | +0.0897% | 1h | $284K | $460K | 10x | as long as short |
| Variational Omni MSTR | +0.081% | +0.0134% | 8h | $1.2M | $2.2M | — | as long as short |
| Injective MSTR/USDC PERP | +0.211% | +0.0249% | 1h | $12K | $68K | 30x | as long as short |